I heard from a reliable source connected to the adult entertainment world that Larry Flynt/Hustler was negotiating to buy tiny Ellis Island casino in Vegas. I reached out to both Flynt and Ellis Island. Ellis Island would give me no quote on the record. But I was told executives there were laughing at the idea that the property is for sale. Well, they can relax about Larry Flynt buying the place, anyway.

This morning I reached Theresa Flynt, vice president of business development for Hustler and daughter of the owner. She confirmed that Hustler looked at Ellis Island but decided not to try to purchase the property. However, Theresa Flynt also confirmed that her legendary high-roller father is very aware of the precarious financial situations at various Strip casinos and that he is actively interested in buying a Vegas casino. She added that her father has even been approached already by one Strip property (not Ellis Island) about a possible sale. But for now, Hustler/Flynt has yet to find the right property at the right price to enter the Vegas casino market. But according to Theresa Flynt, there is definitely an active interest in bringing a Hustler-owned casino to Vegas.