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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (42818)8/8/1999 9:42:00 PM
From: clochard  Read Replies (1) | Respond to of 94695
 
Heinz, I don't know if the herd will wait that long. Especially the foreigners who are loosing to dollar weakness. I'll bet on a rerun of last year - remember, imagination is the last thing we'll see. The bigger the herd, the crazier they is, that's what we folk here in Texas always say.



To: pater tenebrarum who wrote (42818)8/9/1999 8:42:00 AM
From: Haim R. Branisteanu  Read Replies (1) | Respond to of 94695
 
Signs of the Times will day trading parlors be next??

Rival sheds no tears for seized Nevada brothel

Copyright © 1999 Nando Media Copyright © 1999 Associated Press

By JENNIFER COLEMAN

RENO, Nev. (August 9, 1999 3:39 a.m. EDT nandotimes.com) - What's vice in every other state is capitalism in Nevada. The owner of a brothel just east of the state capital is looking forward to the end of the Mustang Ranch.

"We're going to take over where the Mustang left off, except in a classy manner," Moonlight Bunnyranch manager Dennis Hof said.

The Mustang Ranch is scheduled to be forfeited - and subsequently closed - to the federal government Monday. About 75 women will be jobless after the feds take the keys.

A jury last month ordered the brothel be turned over to the government following the conviction of former Mustang madam Shirley Colletti, who was found guilty of racketeering and conspiring to conceal the fact that fugitive Joe Conforte actually owned the brothel.

Hof has interviewed at least 40 Mustang Ranch girls, but has hired only four, because "we don't want any part of that negative reputation the Mustang has." Still, he hopes to double his stable of prostitutes to 50 by fall.

Hof expects the closing of Nevada's best-known brothel to boost his business off Route 50 about 15 minutes east of the state Capitol.

But he added that the industry will survive only under the guidance of
business-minded managers. That was the downfall of the current owners of the Mustang Ranch, he said.

"You have to follow general accounting and business practices. If they were operating a Dairy Queen, they wouldn't be in business either," he said.

One prostitute at the Moonlight Bunnyranch, who formerly worked at the Mustang, said she can't imagine what her former coworkers are going to do.

"I'd probably just go be a waitress somewhere," said the woman, who gave her name as Jesi. "I wouldn't go work at any other house. Been there and done that."

Regina Winters of Wells, Nev., is a former prostitute and brothel manager who has teamed up with a partner in an effort to purchase the Mustang. She also worries about what will happen to the girls.

"It's going to be out on the streets for a lot of them. There's going to be problems," she said. "Some might get out of the business. And some will go to other houses."

Or they could turn to Edwina Hughes, assistant director of the Center Street Mission in Reno. She has offered assistance to any of the prostitutes at Mustang Ranch.

So far, she doesn't have any takers, but the response from women she's talked to has been positive.

"It's not something we put our stamp of approval on, but we want to help them out," she said. "This may cause some of them to change their lives. We're not here to judge."