| The Bicycle Hotel & Casino | |
|---|---|
| Address | 888 Bicycle Casino Drive Bell Gardens, California 90201 |
| Opening date | November 30, 1984 |
| Casino type | Land |
| Previous names | The Bicycle Casino |
| Renovated in | 2015 (Hotel Addition) |
| Website | www.thebike.com |
The Bicycle Hotel & Casino is a pokercardroom in California.[1]
Minutes from Los Angeles, The Bicycle Hotel & Casino features luxurious rooms & suites, exciting poker tournaments & Asian card games, a relaxing spa, outdoor pool and innovative dining experiences.
Founded by George Hardie Sr. 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 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).
Financing to build the original Bicycle Club casino was provided by Sam Gilbert, who allegedly used money partially obtained from laundering drug money.[2] 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. Prior to the Legends, the casino's main tournament series was called the Diamond Jim Brady.[3]
Seizure and indictment[edit]
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 Bicycle Casino in Bell Gardens, California.[2][4] According to one criminal complaint,
| “ | '[Sam Gilbert] 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.'[5] | ” |
Play tetris for money. Gilbert was indicted in Miami 4 days after his death.[6] His son Michael also was indicted.
Most amazing poker hand ever. You might run lights out as well, though.When you allow yourself to lose control of your emotions and throw your strategy out the window, the only person you are hurting is yourself.All those hours you've spent trying to learn and improve your game were basically wasted because you decided to choose your emotions over reason when it mattered.Respect the work that you have done. You owe it to yourself to maintain more composure and stop throwing away money when the cards go south. Realise Tilt Only Hurts YouTilt is a destroyer of bankrolls, dreams and poker careers.I can't tell you how often I receive emails or comments from people who describe to me how they've tilted vast amounts of their bankroll away when things went badly at the poker tables.The reality of poker is that sometimes things will go badly for you, and there is absolutely nothing that you can do about it.This is what you sign up for every time you sit down to play.There's always the possibility you might run terribly. Don't Play in Bad GamesOne more way average players regularly sabotage their poker results is by stubbornly playing in games that are full of decent-to-good regulars.If you can't find somebody at the table who is playing very poorly, then you have to ask yourself why it is that you are even there.If you only play poker for the mental challenge or recreation or pleasure, then this is fine. This poker tip doesn't necessarily apply to you.But if winning is at all a priority for you, then you need to remember you don't turn a significant profit in poker by pushing tiny edges against good poker players.You win big by playing against players who are making significant fundamental errors and giving away their money over the long term.As the classic movie Rounders reminds us, 'If you can't spot the sucker in your first half-hour at the table, then you are the sucker.'
The Bicycle Casino
The 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.[7] The club's profits were frozen and placed in a special U.S. marshal account until the court held civil hearing to determine which partners knew that the club was built with drug money.
George Hardie and The Park Place Associates ownership were exonerated in 1990, and they regained their 35% stake.[8]
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 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.[7]
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.[9]
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2017 raid[edit]
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.”[10]
Bicycle Casino Bell Gardens Jobs
Live at the Bike[edit]
The Bicycle Hotel & Casino was the first brick and mortar casino to broadcast live poker games over the Internet in a program known as Live at the Bike.[citation needed] It ran five nights a week, and was accessible via the casino's website. The show sometimes featured guest commentary from professional players like Barry Greenstein and Kenna James.
Live at the Bike became a subscription service in mid-2006. The live broadcast was canceled in March 2007, but returned in January 2011 on PokerNetcast.com.[citation needed]
Expansion[edit]
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.[11]
In popular media[edit]
The Bicycle Casino was featured in an episode of the TV series Numb3rs dealing with the murder of a successful card-counter, who coincidentally was also heavily into bicycle home repair.[12]
Bicycle Casino In Bell Gardens California
See also[edit]
References[edit]
- ^'The Bicycle Hotel & Casino'.
- ^ abGLENN F. BUNTING and TINA GRIEGO - Miami Trial Gives Startling New Portrait of Sam Gilbert. Los Angeles Times, April 23, 1990
- ^'Bicycle Casino Review - The Bike'.
- ^GLENN F. BUNTING. Investors Face High-Stakes Battle for Casino Profits. Los Angeles Times, May 29, 1990
- ^44 F3d 888 United States of America v. Michael Gilbert244 F.3d 888 (11th Cir. 2001)
- ^WILLIAM OVEREND and WILLIAM NOTTINGHAM - Sports Figure Is Indicted--4 Days After Death. Los Angeles Times, November 26, 1987
- ^ abGriego, Tina. 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. Los Angeles Times, August 22, 1990
- ^Griego, Tina. 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. Los Angeles Times, October 04, 1990
- ^U.S. to Sell Share of Bicycle Casino for $25 Million
- ^KTLA.com: Bicycle Hotel and Casino in Bell Gardens Raided by Federal Authorities
- ^'Archived copy'. Archived from the original on 2015-02-24. Retrieved 2015-03-05.CS1 maint: archived copy as title (link)
- ^'Double Down'. 13 January 2006 – via IMDb.
External links[edit]
Coordinates: 33°57′59″N118°09′58″W / 33.966312°N 118.166148°W