LAS VEGAS (AP) — Sin City will quite literally blow a kiss goodbye to the Tropicana before first light Wednesday in an elaborate implosion that will reduce...
before first light Wednesday in an elaborate implosion that will reduce to rubble the last true mob building on the Las Vegas Strip.
“What Las Vegas has done, in classic Las Vegas style, they’ve turned many of these implosions into spectacles,” said Geoff Schumacher, historian and vice president of exhibits and programs at the Mob Museum. The city hasn't blown up a Strip casino since 2016, when the final tower of the Riviera was leveled for a convention center expansion.That will leave only the Flamingo from the city’s mob era on the Strip. But, Schumacher said, the Flamingo's original structures are long gone. The casino was completely rebuilt in the 1990s.
Costello was shot in the head in New York weeks after the Tropicana’s debut. He survived, but the investigation led police to a piece of paper in his coat pocket with the Tropicana's exact earnings figure, revealing the mob's stake in the casino. JPMorgan Chase and Wells Fargo kick off earnings for the sector on Friday, and investors are expected to focus on the big banks' forecasts for net interest income after strong jobs data fueled uncertainty about the path of future Federal Reserve rate cuts. Both banks are expected to report lower profits for the third quarter after interest income may shrink while loan demand remained subdued.
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