Sahara for Sale
It seems that a legend among casinos, the Sahara, is up for sale. Sadly, as the times changed, and part of Vegas became Old Vegas, the Sahara lost much of its business.
Owners of the Sahara Hotel and Casino, a hangout of Hollywood’s 1960s "Rat Pack" and the setting of the original "Ocean’s Eleven" film, have agreed to sell the aging property to an investor group.
Officials from Los Angeles–based SBE Entertainment Group LLC and San Mateo, California–based Stockbridge Real Estate Funds said they’ve entered into a contract to purchase the Moroccan–themed casino and hotel from Gordon Gaming Corp. Terms of the deal were not disclosed.
"The Sahara is one of the last remaining original properties on the Las Vegas Strip, and we are thrilled with the possibilities that it presents," SBE Entertainment CEO Sam Nazarian said in a statement late Friday.
Read more over at the Cay Compass News.
Lets just hope this old dame's new owners show her the respect she deserves.
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Posted by Russell Miner at March 5, 2007 10:54 AM
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