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- During a stay at the Waldorf-Astoria Hotel in New York in the late 1940s, it was mutually agreed that, in exchange for kickbacks, Batista would offer Lansky and the Mafia control of the country’s casinos and racetracks.
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The government would get US$250,000 for the license, plus a percentage of the profits from each casino. Unlike the procedure for acquiring gaming licenses in Vegas, this provision exempted venture capitalists from background checks. By 1955, he had changed the gambling laws again, granting a gaming license to anyone who invested US$1 million in a hotel or US$200,000 in a new nightclub.
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