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Gambler racks up $12.9 million debt, indictment in Las Vegas

6 February 2014

By Frances McCabe
LAS VEGAS -- A Canadian real estate businessman was indicted by a grand jury on charges he failed to pay back $12.9 million in gambling debts to two Las Vegas casinos, Clark County prosecutors Wednesday.

Semion Kronenfeld faces 12 counts, including theft and obtaining money under false pretenses, for not paying off $7.9 million in markers to The Venetian Resort-Hotel-Casino and $5 million in markers to the Green Valley Ranch Resort, Spa and Casino, according to the seven-page indictment.

The case has languished in Las Vegas Justice Court since Kronenfeld was first charged in 2008.

According to the Toronto Star, Kronenfeld, who is in his 40s, declared bankruptcy in 2009, blaming the global recession. He also blamed his more than $21 million in gambling debts at casinos across North America for their constant incentives to gamble.

Sands executives try to evict sexually explicit nightclub

27 August 2013
LAS VEGAS -- Alleging performances so lewd and sexually explicit they violate obscenity laws, Las Vegas Sands Corp. executives are trying to evict the adult-themed nightclub The Act from their Strip property. District Judge Susan Scann could soon decide if the simulated drug use and sex acts, many involving ... (read more)

Bellagio bandit gets 6-16 years for separate robbery

26 August 2011
LAS VEGAS, Nevada -- The Bellagio Bandit might only have to do three years in prison for his audacious heist at the Strip casino, but a different judge Thursday slapped Anthony Carleo with a six- to 16-year sentence for sticking up the Suncoast Hotel and Casino. District Judge Michael Villani ordered ... (read more)

Bellagio bandit sentenced to 3-11 years in prison

24 August 2011
LAS VEGAS, Nevada -- The man responsible for last year's brazen heist of $1.5 million in gambling chips from the Bellagio could be eligible for probation in less than three years. District Judge Michelle Leavitt on Tuesday sentenced the Bellagio bandit, Anthony Carleo, to three to 11 years in prison for armed robbery and assault with a deadly weapon for the Dec. ... (read more)