| Celebrated Name: | Don Laughlin |
| Real Name/Full Name: | Donald Joseph Laughlin |
| Gender: | Male |
| Age: | 89 years old |
| Birth Date: | May 4, 1931 |
| Birth Place: | Owatonna, Minnesota, United States |
| Nationality: | American |
| Height: | 1.7m |
| Weight: | 60 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Married |
| Wife/Spouse (Name): | Elizabeth Laughlin |
| Children/Kids (Son and Daughter): | Yes (Dan Laughlin, Ron Laughlin, and Erin Laughlin) |
| Dating/Girlfriend (Name): | N/A |
| Is Don Laughlin Gay?: | No |
| Profession: | Gambling Entrepreneur |
| Salary: | N/A |
| Net Worth in 2020: | $1 Billion |
| Last Updated: | December 2020 |
Over the ages, many have ventured into the world of money-making. Yet a few have been able to attain the fortunes they have been looking for. In the risky and dynamic world of business, only a few can make a mark with their work. Don Laughlin happens to be one of the most famous gambling entrepreneurs in America. He does share a mind-boggling story of rising from rags to riches and inspires most of the youth to explore their dreams.
Maybe you know about Don Laughlin very well, but do you know how old and tall is he and what is his net worth in 2020? If you do not know, we have prepared this article about details of Don Laughlin’s short biography-wiki, career, professional life, personal life, today’s net worth, age, height, weight, and more facts. Well, if you’re ready, let’s start.
Early Life & Biography
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Donald “Don” Joseph Laughlin was born on May 4, 1931, in Owatonna, Minnesota. He is infamous for being a gambling entrepreneur and hotelier from Nevada. As a native resident of Owatonna, Don worked during the winters as a young man as a fur trapper. He then used his income to buy slot machines that he could install in the hunting lodges.
His idea got him $500 every week, and that raised certain questions among those around him. He received a warning from his principal that he must either give up school or his side business of slot machines. Don on realizing that he was anyway making thrice of what the principal earns decided to drop out.
Personal Life
For someone of his status, it is quite unusual to keep the details of one’s personal life so discrete. Don is married to Elizabeth, and they have three children, which include their two sons Dan and Ron, and their daughter Erin. Apart from this, not much can be stated regarding the personal life of the billionaire businessman Don Laughlin.
Age, Height, and Weight
Being born on May 4 1931, Don Laughlin is 89 years old as of today’s date 14th December 2020. His height is 1.7m tall, and his weight is 60 kg.
Career
In the late ’50s, Don shifter to Las Vegas, Nevada, and bought his first casino named “101 Club”. Later in 1964, Don had sold the 101 Club. During this time, he had acquired enough wealth to be flying across the California Arizona Nevada tri-state area. After the construction of the Davis Dam in 1951, Bullhead City and Kingman in Arizona and Needles in California witnessed large masses settling in those regions.
Don used this opportunity to establish a destination resort as it was also a stop on the Route 66 freeway. He purchased an eight-room shuttered motel on 6.5 acres for $250,000. The landowner sold it to Don despite having several offers because of Don’s background in the casino business. Within two years of opening, the resort was welcoming guests who came looking for gambling opportunities as well as travelers.
The resort had twelve slot machines and two lie gambling tables. Only four rooms were available since the rest four were occupied by Don’s family. The property is now famous as the Riverside Resort and Casino. It underwent a major expansion in 1972, with 48 new rooms being added and again in 1975, where 52 new rooms were added along with a fourteen-story tower with 307 rooms and an automotive museum were added to the resort.
After it was an expansion in 1994, currently, the resort holds 1405 rooms and a bowling center being added to the resorts facilities recently. Don also played a crucial role in financing the construction for the bridge at the northern tip of Laughlin over the Colorado River and the Laughlin-Bullhead International Airport.
Laughlin Gambling Age Rating
Awards & Achievements
Although he doesn’t hold any awards or titles to his name, his life’s work speaks for itself. It takes sheer dedication and effort to establish such a large business in the modern-day. Yet even when something of this sort would seem to be impossible, Don made his mark by his era-defining work.
Net Worth & Salary of Don Laughlin in 2020
Although Don’s salary isn’t known yet, as of 2020, he is said to have a net worth of $1 billion. Don still is known to maintain various other sources of income.
Don serves as the role model of many young men who have the urge to venture out in the world of money-making. Perhaps the reason we look up to him for inspiration is that he has proved that success purely is an outcome of your efforts and not passed down over from one man to another.
Don Laughlin at the Riverside Resort and Casino in July 2009 | |
| Born | May 4, 1931 (age 89) Owatonna, Minnesota, U.S. |
|---|---|
| Occupation | Gambling Entrepreneur |
Donald Joseph Laughlin (born May 4, 1931) is an American gambling entrepreneur, hotelier and rancher for whom the town of Laughlin, Nevada, is named.[1]
A native of Owatonna, Minnesota, Laughlin worked winters during his youth as a fur trapper. He took the profits and used them to purchase slot machines for installation in hunting lodges. The young businessman was making $500 a week when his school principal gave him an ultimatum: get out of slots or get out of school. Since he was making more than three times what the principal was, he got out of school.
Laughlin moved to Las Vegas, Nevada, in the late 1950s and purchased his first casino, the '101 Club.' By 1964, Laughlin had sold the 101 Club. That same year, Laughlin was flying his private plane over the California/Arizona/Nevada tri-state area near the Colorado River. Growth in the area, specifically in Bullhead City and Kingman in Arizona, and Needles in California, was spurred by the construction of nearby Davis Dam, completed in 1951. The area was also a major stop along Route 66. It was during that flight that Laughlin envisioned the potential of the area as a resort destination. Soon after, he purchased a shuttered, eight-room riverfront motel on 6.5 acres (2.6 ha) for US$250,000. Though the landowner had several offers, he decided to sell the property to Laughlin because of his previous casino background.
In less than two years the Riverside Resort was entertaining guests not only with gambling but with all-you-can-eat chicken dinners for 98 cents. Play at the casino was on twelve slot machines and two live gaming tables. Accommodations at the Riverside were available in only four of the motel's eight rooms; Laughlin's family occupied the remaining four.
The Town of Laughlin is believed to have received its name when a U.S. Postal Service inspector asked Laughlin to give a name to the area post office in order to receive mail. Laughlin suggested the name 'Riverside and Casino,' but the postal inspector in turn suggested 'Laughlin' because of their common Irish heritage.
In 1972, the property, now known as the Riverside Resort Hotel & Casino, underwent a major expansion with the addition of 48 new rooms. In 1975, 52 more rooms were added. Construction of a 14-story hotel/casino tower in 1983 added 253 rooms and in 1986, a second 14-floor tower added 307 more rooms and an automotive museum. With free admission to the public, the Riverside's extensive collection is an offshoot of the famous Harrah's collection. One longtime exhibit, a 1969 Chevrolet Camaro nicknamed 'Big Red' and specially prepared for road racing, has been returned to service and was the cover story of the May, 2005 edition of Hot Rod Magazine. The largest expansion came in 1994 with the addition of 800 more rooms for a current total of 1405 rooms. A bowling center, one of only two in Laughlin, was constructed in 1999. Mr. Laughlin also helped finance the construction of a bridge over the Colorado River between the northern tip of Laughlin and the Laughlin-Bullhead International Airport (on the Arizona side), connecting Nevada Highway 163 with Arizona Highways 95 & 68. He also helped to finance the expansion of the airport to enable it to accept full-sized commercial airliners.
Laughlin spends his time shuttling in his private helicopter between his penthouse suite atop the Riverside and his cattle ranch in nearby Kingman. He also uses his helicopter in travels back to his hometown of Owatonna, Minnesota, for the Steele County Free Fair, parking it in a vacant lot behind the Owatonna Country Inn & Suites before it was replaced by a cinema's parking lot.
References[edit]
- ^Hashimoto, Kathryn; Fried-Kline, Sheryl (1995-05-01). Casino management for the 90's. Kendall/Hunt Pub. Co. p. 66. ISBN978-0-7872-0483-9. Retrieved 24 June 2011.