Witnesses told police that the masked robber pointed a silver handgun, demanded money from the cash register and wore a jacket with the Hilton Grand Vacations logo on it.
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Police were on the scene of a barricade event that lasted all day Friday in the far northwest valley.
Police have accused a woman of severely beating a man in a Strip hotel room and stealing money from him at the end of October.
The suspect was still inside the unspecified bank near Galleria at Sunset on Saturday when police arrived.
Several assailants attacked the dealer at the Las Vegas Strip hotel and stole two luggage bags and a backpack, according to the lawsuit.
The pair was arrested on suspicion of allegedly trying to get away with Versace, Ferragamo items from Saks Fifth Avenue.
Vice detectives were assigned to investigate because the case appears to be related to prostitution, police said.
Luxury watch thefts are on the rise, according to international data, and Las Vegas is no exception.
Shamar Swanson, 26, and Rondel Wilson, 24, are tied to three armed burglaries between Aug. 6-10, according to police.
In each burglary, the armed individuals broke in through a rear sliding door, Las Vegas police said.