{"id":15793,"date":"2016-10-25T22:20:37","date_gmt":"2016-10-26T05:20:37","guid":{"rendered":"https:\/\/www.casino.org\/vitalvegas\/?p=15793"},"modified":"2016-10-25T22:26:45","modified_gmt":"2016-10-26T05:26:45","slug":"bonanza-gift-shop-sold-50-million","status":"publish","type":"post","link":"https:\/\/www.casino.org\/vitalvegas\/bonanza-gift-shop-sold-50-million\/","title":{"rendered":"Bonanza Gift Shop Sold for Whopping $50 Million"},"content":{"rendered":"\n

The long, winding, sometimes WTF saga of the self-proclaimed “World’s Largest Gift Shop” continues with news the Bonanza Gift Shop has been sold for $50 million.<\/p>\n

The massive gift shop sits at the corner of Las Vegas Boulevard and Sahara Ave.<\/p>\n

\"Bonanza
It’s on a sign, so it must be true.<\/figcaption><\/figure>\n

A couple of years ago, there were rumors<\/a> the Bonanza Gift Shop would be sold and closed. We should know because we started them.<\/p>\n

In 2015, records showed the property actually was sold<\/a>, but it’s a little unclear who bought what. The building? The land it sits on? Welcome to the sometimes murky world of Las Vegas real estate.<\/p>\n

Now, though, records show the Bonanza Gift Shop was definitely sold to Haim Gabay, a Las Vegas businessman.<\/p>\n

\"Bonanza
That’s a lot of gift shop.<\/figcaption><\/figure>\n

According to the Las Vegas Review-Journal<\/a>, Gabay purchased the gift shop, in part, with proceeds from a sale of two retail shops on Fremont Street. The shops were acquired by Derek Stevens for $13.5 million, and will become part of a new resort currently called 18 Fremont. Read more<\/a>.<\/p>\n

The balance of Gabay’s purchase was in the form of a $25 million bank loan and a $10 million loan floated by the sellers.<\/p>\n

\"Bonanza
Ah, the memories. Sadly, this clever sign was changed the last time the gift shop changed hands.<\/figcaption><\/figure>\n

For the time being, it appears the Bonanza Gift Shop will stay open, so Las Vegas visitors will continue to have a source for their dice clocks, shot glasses and tchotchkes, a word we have to look up every time we write a story about the Bonanza Gift Shop.<\/p>\n

Which is pretty farkakte. A word, we should mention, we’ve never seen written out until right this second.<\/p>\n<\/body><\/html>\n","protected":false},"excerpt":{"rendered":"

The long, winding, sometimes WTF saga of the self-proclaimed “World’s Largest Gift Shop” continues with news the Bonanza Gift Shop has been sold for $50 million. The massive gift shop sits at the corner of Las Vegas Boulevard and Sahara Ave. A couple of years ago, there were rumors the Bonanza Gift Shop would be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11,23,31],"tags":[],"class_list":["post-15793","post","type-post","status-publish","format-standard","hentry","category-downtownlasvegas","category-vegas","category-las-vegas-shopping"],"acf":[],"yoast_head":"\nBonanza Gift Shop Sold for Whopping $50 Million<\/title>\n<meta name=\"description\" content=\"The winding saga of the self-proclaimed "World's Largest Gift Shop" continues with news the Bonanza Gift Shop has been sold for $50 million.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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