As soon as John B, sees this, I think he will have a more complete story.
I am fairly certain it was over money laundering through their London casinos.

The FQ's (Elisnor Corp) was their partner in AC.
All of our executives ( I worked at the FQ's at the time) went to AC, bought out Playboy interest, and renamed it the Atlantis.

Companies are not the only ones licensed in NV and NJ. All executives and owners with 2% or more are licensed also. I feel certain Heffener still owns 2%.