Dale Lyon, knew about the club's financing. In July 1991 a Florida federal judge ruled that at least one of the partners, former Los Angeles Westside banker M. George Hardie and The Park Place Associates ownership were exonerated in 1990, and they regained their 35% stake. Marshals account until the court held a civil hearing to determine which partners knew that the club was built with drug money. The club's profits were frozen and placed in a special U.S. Government 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. Gilbert was indicted in Miami 4 days after his death. 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.' 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. 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. ' 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. According to the investigation, a scheme to launder the money received from smuggling marijuana was put together to finance the construction of the Bicycle Casino in Bell Gardens, California.

In 1987, Sam Gilbert was the subject of a federal investigation into money laundering and racketeering charges. Prior to the Legends, the casino's main tournament series was called the Diamond Jim Brady. The casino is home to the Legends of Poker, a tournament series established in 1995 that now includes a stop on the World Poker Tour. The casino features games including: Blackjack, Texas Hold 'Em, Seven Card Stud, Omaha hold 'em, Mexican Poker, Pai Gow Poker, Three Card Poker and Baccarat (card game).įinancing to build the original Bicycle Club casino was provided by Sam Gilbert, who allegedly used money partially obtained from laundering drug money. in 1984, located in Bell Gardens, California, The Bicycle Casino offers a selection of poker games and Asian games, with a wide range of limits.

The Bicycle Hotel & Casino (commonly, ' The Bike') is a poker cardroom in California.

For the video game, see Bicycle Casino (video game).

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