Alive. And litigating this case. Which a split opinion of the Ninth Circuit revives after being dismissed by the district court on statute of limitations grounds.
Apparently Mr. Flynt likes to purchase "card rooms" -- poker places -- and California law makes it difficult to do so in California if you also own out-of-state casinos and the like. Mr. Flynt is suing, claiming that's unconstitutional.
I think of Larry Flynt as an old-style pornographer from a bygone era. I didn't previously know about his shift into (or back into) gambling.
Vices may change over time. But there's always vice. And people willing to make money off it.