Valuable Property On Las Vegas Strip Could Sell For $125 Million
A very valuable piece of property on theĀ Las Vegas Strip could soon sell for $125 million dollars if theĀ Las Vegas Convention and Visitors Authority (LVCVA)Ā approves the deal at their next meeting onĀ March 14th.
According to an article written byĀ Corey LevitanĀ onĀ Casino.org, 10 acres of prime property where theĀ Riviera Hotel Casino used to reside may be sold toĀ Brett Torino andĀ Paul Kanavos.Ā They have already developed theĀ Harmon Retail Corner that opened up for business back inĀ 2012.Ā They are currently building a four-story mall in theĀ City Center Complex.Ā Their company, Flag Luxury Group of New York, has put up a bid of $125 million dollars for the property which is located just south of theĀ FontainebleauĀ near the intersection ofĀ Las Vegas Boulevard andĀ Elvis Presley Boulevard.
Their bid is actually $5 million dollars higher than the bid theĀ LVCVA approved inĀ 2021 from ChileanĀ billionaireĀ Claudio Fischer.Ā PerĀ Levitan’s article, he backed out of the deal due to rising interest rates in the U.S.A. Fischer forfeited his $7 million dollar non-refundable deposit last December when he missed the closing deadline and the LVCVAĀ canceled the sale.
Now it’s up to the 14 members of theĀ LVCVAĀ to approve or deny the latest deal. If they approve it, Flag Luxury Group of New YorkĀ will have five days to make a non-refundable deposit of $3 million dollars on the oldĀ RivieraĀ property on the Las Vegas Strip. If they meet that deadline, they will have to make another non-refundable deposit of $2 million bucks after 90 days. The deal would have to be finalized by September 11, 2023.
TheĀ Casino.org article goes on to explain that the funds collected from the previously canceled sale to Claudio Fischer,Ā and the possible deal withĀ Flag Luxury Group,Ā would all go towards theĀ LVCVA’sĀ $600 million dollar renovation project of theĀ Las Vegas Convention Center, which is set to begin next month. There is no word yet on what they would be planning to build on this valuable piece of property on theĀ Las Vegas Strip.
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Larry Martino is the long-time Afternoon Drive personality on 96.3 KKLZ. The views and opinions expressed in this blog are those of Larry Martino and not necessarily those of Beasley Media Group, LLC.
10 Of The Biggest Real-Life Casino Heists Of All Time
The Crown Casino Heist: $33M
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The 2013 heist at Crown Casino is the largest and most Hollywood-esque operation on this list. Millionaire New Zealand businessman James Manning was invited by a VIP services manager at the Crown Casino in Perth, Australia, to play in the high rollersā room. Manning won eight hands of blackjack, winning a total of $33 million. As it turns out, his luck was the result of breached security cameras and card signaling from the same VIP services manager who recruited him to play. Because Manning never cashed out his fraudulent winnings, the Crown Casino was able to remove him from the premises later that evening and keep the heist under wraps.
MIT Blackjack Team: $22M to $57M
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This story is a heist by way of card countingāand since itās technically not illegal, it might be most accurate to just call these winnings. According to Bill Kaplan, the founder of the MIT blackjack team, blackjack is the only game you can truly win through statistical analysisāprobabilities change with every card the dealer plays. So Kaplan put together a team of students from Harvard, MIT, Princeton, and the University of Chicago, teaching them to count cards and employ strategy. Over the course of two decades, the team won tens of millions of dollars from casinos across the world playing blackjack. Report totals range from $22 million to $57 million.
Circus Circus Heist: $3M
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In 1993, Heather Tallchief proved that not every heist needs to involve camera breaches, cheating, or an elaborate scheme. Under the advisement of her boyfriend, Roberto Solisāa convicted murderer released from prison thanks to his award-winning poetryāTallchief got a job with Loomis driving armored vehicles in Las Vegas transporting cash to fill casino ATMs. While making a routine stop at the Circus Circus casino, Tallchief drove away with roughly $3 million while the other transport guards were inside. Tallchief and Solis moved out of the country until 2005 when she eventually turned herself in. Tallchief claims she separated from Solis and only received $1,000 of the multimillion-dollar heist. Authorities have still not been able to locate Solis.
Ritz Casino, London: $1.7M
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While statistics and probabilities will not give you an advantage in roulette, three people proved that physics certainly can. In 2004, a group of gamblers used laser scanners and microcomputers to calculate the ballās orbital decay, or where it would land. This strategy is known as sector targeting. After a nine-month investigation, police concluded no crime was committed and the players were returned their winnings. The use of smartphones makes this type of cheating easier to carry out and more difficult to detect. But this wasnāt the first time sector targeting was attempted. Graduate physics students at the University of California, Santa Cruz employed a more rudimentary version of this technology in the late 1970s, hiding the system under their clothes.
Soboba Casino: $1.5M
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As evidenced by the list so far, many heists are inside jobs. In 2007, a Soboba Casino surveillance technician named Rolando Luda Ramos walked into work, hog-tied his coworkers, and took a little over $1.5 million from the casino vault. He and his getaway driver, Eric Aguilera, were apprehended 48 hours later.
Bellagio, Las Vegas: $1.5M
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While the Bellagio āBiker Banditā may seem like the kind of person who chases Kevin McCallister around abandoned buildings at Christmastime, (āHome Alone,ā anyone?), this real-life thief carried out one of Las Vegasā most brazen robberies. In 2010, Anthony Michael Carleo, the son of a Las Vegas judge, walked into the Bellagio wearing a motorcycle helmet, brandished a gun, and made off with $1.5 million worth of chips off a craps table. Just days earlier, Carleo had stolen $20,000 worth of chips from the Suncoast Hotel & Casino in the same manner. Ironically, Carleo does have one thing in common with the criminals from āHome Aloneā: he couldnāt resist taking credit for the crime, which ultimately led to his capture.
Stardust Casino: $500K
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While maybe not the flashiest heist on the list, the story of the Stardust Casino is certainly the most mysterious. In 1992, Bill Brennan, a cashier at the Stardust, was assigned to count the money from the sportsbook, which ended up totaling $500,000. And then he simply walked out with the moneyāhalf in cash, the other in casino chips. Brennan was placed on the FBIās Most Wanted list until 2006 when the Stardust closed and his case was dismissed. The crime remains unsolved and neither the money nor Brennan have been seen since that day.
Stardust Casino: $1.1M
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If weāre assigning superlatives to the heists on this list, this other 1992 robbery of the Stardust Casino may be the most theatrical involving an inside job, a family crime ring, and some smoke bombs. In 1991, a Stardust security guard named Royal Hopper used his two sons as āfakeā robbers in order to steal $150,000. With a taste for this type of crime, six months later, Hopper and his two sons attacked a guard carrying $1.1 million in cash and checks from an armored truck and used smoke bombs to conceal their escape.
The Bellagio (Las Vegas): $160K
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Jose Vigoaās heist of the Bellagio in 2000 was the last in a two-year crime spree. Donning bulletproof gear, Vigoa hopped the cashier counter and stuffed a bag with $160,000 worth of casino chips. Despite his protective clothing, Vigoa, a former commando in the Cuban Revolutionary Armed Forces, didnāt even attempt to conceal his face, covering the most important thing of all: his identity. He was apprehended shortly after and is currently serving four life sentences for multiple robberies and the murder of two armored truck guards.
Treasure Island: $30K
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Just the thought of robbing a casinoānot a fleeting fantasy about being rich or living out a George Clooney movie, but a thought you intend to act onāis completely unrelatable to most people. To actually make an attempt is outside the average personās comprehension. To make three attempts at the same casino in a calendar year is a reckless impulse only one person on Earth could have ever entertained: Reginald Johnson. Johnson robbed Treasure Island in July, October, and December 2000, shooting at and injuring security guards on multiple occasions. In his first two attempts, Johnson walked away with more than $30,000. The third time was indeed the charm for Vegas authorities; he was captured and pled guilty to robbery and attempted murder charges.
