Jackie Gaughan sold his interest in the El Cortez, ending his long tenure as a Las Vegas casino owner. Although it doesn't look like the El Cortez will be mishandled like the Plaza and Las Vegas Club were after he sold them, his ownership/management style is/was one that should be an example of how to run a casino for every bean counter in Las Vegas. Here's the full story.
http://www.lvrj.com/business/18758759.html