Sam Nazarian Gives Up Vegas Hotel After Drug and Extortion Revelations

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L.A. nightclub, restaurant and hotel owner Sam Nazarian’s recent attempt to expand into Las Vegas was throttled by the Nevada Gaming Control Board, whose routine vetting of Nazarian for a gaming license revealed recent cocaine use and roughly $3 million in payments to a felon with convictions for drug possession and money laundering, the Los Angeles Times reports. On Tuesday, Nazarian relinquished all control of his Las Vegas hotel to his principal investor, Stockbridge Capital.

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