Larry Flynt Publications - Hustler Casino

Hustler Casino

LFP's most profitable business is not a publication— it is the Hustler Casino, which Flynt has said accounts for over $20 million in profits in 2007. On June 22, 2000, Flynt opened the Casino, a card room located in the Los Angeles suburb of Gardena. After it opened, many observers in the gaming industry speculated that, because of his past legal troubles, Flynt might not be able to get a license to operate a card room. However, the California Gambling Control Commission has confirmed that Flynt is the sole proprietor and gaming licensee of the Hustler Casino. In 2001, Larry Flynt stated his net worth as $400 million.

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Hustler Casino

Larry Flynt's Hustler Casino is a casino in Gardena, California located approximately 15 miles (25 km) south of Downtown Los Angeles. It is owned by Hustler magazine publisher Larry Flynt through his El Dorado Enterprises holding company. It has been in operation since June 22, 2000. Of all of Larry Flynt's businesses the Hustler Casino is the most profitable, earning over $20 million annually as of 2007. The Hustler Casino was built on land that was formerly occupied by the El Dorado Club which Flynt purchased in 1998 for $8 million dollars.

A major expansion was completed in February 2007 which included The Crystal Room which serves as a combination card room, conference room and poker tournament site.

Since 1997, Flynt has hosted "the biggest seven-card stud game in the world"; the game started at Flynt's home but moved to his casino when it opened. As of April 2007, the minimum buy-in is $200,000, with $1000 antes and stakes of $2,000-$4,000. Unlike most high-stakes ring games, Flynt's game is held in a corner of the casino's main poker room floor. Regulars at the table include Phil Ivey, Barry Greenstein, and Ted Forrest. Another regular was Chip Reese before his death.

Famous quotes containing the word hustler:

    The more characteristic American hero in the earlier day, and the more beloved type at all times, was not the hustler but the whittler.
    Mark Sullivan (1874–1952)