207:" a wealthy Los Angeles businessman, was the first Gilbert to establish ties with the Kramer family when he befriended Benjamin Kramer's father, Jack Kramer, in 1978. At that time, Jack Kramer and Sam Gilbert came up with the idea of building a legal card club for the purposes of laundering Benjamin Kramer's dirty money. By 1983, Sam Gilbert was in contact with David Pierson, who was himself thinking of building a card club and was looking for legitimate investors. Pierson gave Sam Gilbert a prospectus, Sam liked what he saw, and Sam agreed to arrange the financing for the project in return for a sixty percent share of Pierson's ownership interest in the Club."
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In July 1991 a
Florida federal judge ruled that at least one of the partners, former Los Angeles Westside banker M. Dale Lyon, knew about the club's financing. Eight other partners in the LCP Associates, the partnership named for Lyon, Coyne and Pierson, agreed to forfeit portions of their interest
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By the time it sold its share of the casino in 1996, the US government had made tens of millions of dollars in profit from its share of the casino. As a partner in the club, the government also contributed to political campaigns to defeat the proposal to build a rival card club in Orange County.
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The
Bicycle Hotel & Casino underwent a major hotel expansion in the Fall of 2015. The new seven-story, 117,907 square-foot complex now includes live entertainment, gaming, cocktail lounge, brewery, fitness center, sundeck with an outdoor bar, and a number of places to dine.
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in the club before the civil hearing began. LCP partners
Julianne Coyne and former California Assemblyman David C. Pierson settled before the civil hearing. In 1991, they agreed to give up about half of their interest in LCP, which had a 65% stake in the casino.
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In 1987, Sam
Gilbert was the subject of a federal investigation into money laundering and racketeering charges. According to the investigation, a scheme to launder the money received from smuggling marijuana was put together to finance the construction of the
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The casino was again raided by federal authorities citing money laundering as a part of an ongoing investigation into some players using the casino to exchange “dirty money” for chips, then turn cashing those in for “clean money.”
263:. It runs five nights a week, and features poker pros, celebrities and regular cash grinders. The show has always had card graphics and professional commentary, making it one of the longest running poker shows ever.
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seized the casino in April, 1990, after a jury found that $ 12 million of the $ 22 million used in its construction came from
Florida drug smugglers. The club's profits were frozen and placed in a special
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Forfeiture Laws Give U.S. a Piece of a Casino : Narcotics: Government now owns about 30% of
Bicycle Club in Bell Gardens, which was built to a large extent with smuggled drug money.
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Court Clears Casino
Manager and Partners : George G. Hardie and his financial partners will regain ownership rights to the profitable Bicycle Club in Bell Gardens.
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account until the court held a civil hearing to determine which partners knew that the club was built with drug money.
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dealing with the murder of a successful card-counter, who coincidentally was also heavily into bicycle home repair.
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George Hardie and The Park Place
Associates ownership were exonerated in 1990, and they regained their 35% stake.
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Gilbert was indicted in Miami 4 days after his death. His son
Michael also was indicted.
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44 F3d 888 United States of
America v. Michael Gilbert 244 F.3d 888 (11th Cir. 2001)
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KTLA.com: Bicycle Hotel and Casino in Bell Gardens Raided by Federal Authorities
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186:. Prior to the Legends, the casino's main tournament series was called the
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Financing to build the original Bicycle Club casino was provided by
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LA Times: Building a $ 1-million poker game for 'Live at the Bike'
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in Bell Gardens, California. According to one criminal complaint,
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The Bicycle Casino was featured in an episode of the TV series
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Miami Trial Gives Startling New Portrait of Sam Gilbert.
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U.S. to Sell Share of Bicycle Casino for $ 25 Million
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Investors Face High-Stakes Battle for Casino Profits
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casino to broadcast a live poker cash game over the
135:Founded by George Hardie Sr. in 1984, located in
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382:Sports Figure Is Indicted--4 Days After Death.
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251:The Bicycle Hotel & Casino was the first
457:"The Bicycle Hotel and Casino - Coming soon"
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551:Casinos in Los Angeles County, California
380:WILLIAM OVEREND and WILLIAM NOTTINGHAM -
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384:Los Angeles Times, November 26, 1987
484:. 13 January 2006 – via IMDb.
413:Los Angeles Times, October 04, 1990
331:GLENN F. BUNTING and TINA GRIEGO -
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400:Los Angeles Times, August 22, 1990
346:"Bicycle Casino Review - The Bike"
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571:1984 establishments in California
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362:. Los Angeles Times, May 29, 1990
335:Los Angeles Times, April 23, 1990
316:"The Bicycle Hotel & Casino"
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115:The Bicycle Hotel & Casino
37:The Bicycle Hotel & Casino
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504:The Bicycle Casino Foundation
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296:List of casinos in California
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29:Bicycle Casino (video game)
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561:Casinos completed in 1984
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556:Bell Gardens, California
527:33.966312°N 118.166148°W
137:Bell Gardens, California
27:For the video game, see
532:33.966312; -118.166148
259:in a program known as
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194:Seizure and indictment
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98:2015 (Hotel Addition)
169:Baccarat (card game)
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358:GLENN F. BUNTING.
90:The Bicycle Casino
188:Diamond Jim Brady
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95:Renovated in
74:November 30, 1984
16:(Redirected from
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261:Live at the Bike
253:brick and mortar
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184:World Poker Tour
180:Legends of Poker
165:Three Card Poker
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117:(commonly, "
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71:Opening date
60:Bell Gardens
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518:118°09′58″W
176:Sam Gilbert
79:Casino type
545:Categories
515:33°57′59″N
467:2015-03-05
302:References
130:California
64:California
267:Expansion
238:2017 raid
141:Blackjack
290:See also
257:Internet
126:cardroom
121:") is a
119:The Bike
53:Address
283:Numb3rs
103:Website
123:poker
66:90201
214:The
167:and
82:Land
128:in
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389:^
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