Thanks to our friends at www.whilelasvegassleeps.com

Sahara Hotel and Casino was sold to Sam Nazarian by his Los Angeles SBE Entertainment Group.  No Purchase price was released yet, but when it is we will update this article.  The rumor is the transaction was around $400 million for the land, casino and the hotel

From the information we have gathered by email submissions and news services, we have no information about redevelopment, upgrades or theme changes but again the rumor is that they have big plans.

Sam Nazarian is a movie producer, owns some restaurants and is a nightclub owner

SBE plans to manage the hotel and the food and beverage operations, but will hand off the casino management to Larry Woolf  a Nevada Gaming Executive and his Navegante Group Management company.

The Sahara Hotel and Casino is pretty far north on the strip for now.  What I mean about that is The Las Vegas Strip is growing but which way north or south is anyones guess.

Thank you, Las Vegas Review Journal and other News Sources

Thanks,

-Nick