Nevada gambling regulators have approved a license that will let singer-songwriter Jimmy Buffett share in the gambling revenues from his Margaritaville casino in Las Vegas.
The Las Vegas Review-Journal reports (http://bit.ly/GNuzMp ) the Nevada Gaming Commission unanimously approved a gambling license Thursday for Palm Beach, Fla.-based Margaritaville Holdings and its famous chairman Buffett.
The casino located inside the Flamingo on the Las Vegas Strip opened in October. Buffett has had a presence in Sin City since 2003 through his Margaritaville restaurant.
Buffett told commissioners he never imagined the laid-back beach tune he released in 1977 would eventually become a valuable piece of intellectual property. But he added that "Margaritaville" was "a pretty good song" and said "it worked out."
Information from: Las Vegas Review-Journal, http://www.lvrj.com