![]() ![]() If this loan had defaulted, there would have been no “clean” route to financing Las Vegas’ early growth. Businessman Prell suited the brief and was awarded Thomas and Mack’s first casino loan $600,000 to add another 200 rooms in a 14-storey tower to be designed by Martin Stern Jr. The Bank of Las Vegas was led by Thomas and Mack, who had a mission to use traditional financial methods to fund local development and back legitimate businessmen. In 1958 the Sahara was ready for further expansion and Prell made another historic decision he met with E. The Riviera and Royal Nevada opened in 1955, with The Stardust in 1958, making (what we call) the northern part of Las Vegas Boulevard, the center of the action. Casino manager Sam Boyd also participated in the fundraise and was charged with the management of the new resort. Developer, Del Webb, invested and built a 120-room addition. The popularity of the property led to the need for required further rooms and investment. ![]() On opening, the Max Maltzmann designed Sahara, had 240 rooms and cost $5.5m. A couple of blocks south, Desert Inn opened in 1950 and The Sands joined in 1952. At the time, the location was perfect for development. ![]()
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