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Taxpayer-funded LVCVA boss negotiating exit pay despite criminal investigation

August 28, 2020 - 12:47 pm

CEO Rossi Ralenkotter is the third-highest-paid public official in the state He has a pay and benefits package valued at $863,000 annually. Ralenkotter does not have an employment contract He announced his retirement in mid June, amid a scandal over airline gift cards LVCVA bought $90,000 in Southwest Airline gift cards between 2012 and 2017. Now auditors can’t account for more than $50,000 of the cards. Ralenkotter and his family used $16,207 in gift cards on 56 trips. Brig Lawson, the senior director of business partnerships, was responsible for buying and distributing the cards. He recently resigned. Ralenkotter’s retirement settlement package could cost taxpayers thousands of dollars.

SLS rebranding to Grand Sahara Resort?

August 28, 2020 - 1:12 pm

SLS Las Vegas used to be the Sahara, which opened in 1952 as a $5.5 million, Moroccan-themed resort 1959: A convention hall on the north side of the Sahara is added as well as a 127-foot sign. 1959: Comedian Don Rickles makes the first of many appearances in the Casbar lounge. George Burns also appears in the Casbar lounge. 1961: Del Webb acquires the Sahara through a stock transaction involving 1.5 million shares in the Del Webb Corp. valued at about $12 million. The Sahara adds a $5 million, 24-story skyscraper with 400 rooms, bringing its total to more than 800. 1964: Stan Irwin, the Sahara entertainment director, brings The Beatles to Las Vegas. They perform at the Las Vegas Convention Center and stay at the hotel. 1982: Paul Lowden buys the Sahara for $50 million. 1988: A 26-story tower is added, bringing the room total to 1,500. Lowden expands the casino area and opens a new race and sports book. 1995: Bill Bennett buys the Sahara for $193 million, including 39 acres west of the Strip. 2007: SBE Entertainment and Stockbridge Real Estate buy the Sahara for between $300 million and $400 million. 2011: The Sahara closes 2017: The Meruelo Group announces it had agreed to buy the struggling SLS Las Vegas from Stockbridge Capital Group