Sahara Las Vegas CLOSED - Reception Desk

On May 16, 2011 the Sahara Hotel and Casino, one of the original strip hotels and home to Frank Sinatra, Dean Martin, Sammy Davis Jr, Elvis and more, closes its doors for good after 59 years.

The Las Vegas Advisor was kind enough to let me share part of today's Question of the Day which gives some insight as to the current state of affairs for the Sahara.

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Sahara owner Sam Nazarian still maintains that he wants to redevelop the property into a hangout for wealthy SoCal twentysomethings and their ilk. However, there are a few obstacles. One is that Nazarian hasn’t applied for a gaming license. That means his SBE company can’t receive any revenue from the casino part of the Sahara operation. Not only did this make the Sahara unprofitable for SBE, but no future redevelopment of the site would pencil out unless Nazarian grits his teeth and submits to a Nevada Gaming Control Board background check.

Even if that happens, financing is still pretty tight and Nazarian is talking about what would be a multibillion-dollar redo of the Sahara. Worse still, the property is surrounded on three sides by empty land, including the former site of Wet n’ Wild. Further down the street, Fontainebleau is a half-finished derelict and looks unlikely to be completed. The former site of the Stardust is a fenced-off lot and the Sahara’s closest active neighbors are Circus Circus and the Riviera – hardly the market niche or neighborhood Nazarian wants to occupy.

-Las Vegas Advisor

Taken on: May 15, 2011

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