In 1969, Gulf & Western de cided to turn the subsidiary headed by Mr. Levin into an independent company, which eventually became known as Transnation.

A year later, during hearings before the Illinois Racing Board, agents for the Illinois Bureau of Investigation testified that Transnation had purchased the Mexican hotel, Acapulco Towers, which they said had been used by Meyer Lansky, the underworld leader, to hide from law?enforcement officers.

The hotel was described by the Illinois investigators as being under the management of “a nationally known gambling figure.”

https://www.nytimes.com/1976/06/29/...-korshaks-advice-major-corporations.html