LAS VEGAS, Nev. -- Nevada gaming agents closed the casino at the financially-troubled Treasury Hotel near the Las Vegas 'strip' Wednesday when the resort was purchased by former New York Jets football player Gerry Philbin before he obtained a state gambling license.
An estimated 125 casino employes were forced out of work by closure of the casino which contains 18 blackjack tables, two crap tables, a roulette table, a big six wheel, five poker tables and 525 slot machines.
Nick Gullo, general manager of the 315-room Treasury Hotel, said the resort minus its casino would continue to operate while Philbin's gambling license application was processed by state gaming agencies. Gullo confirmed Wednesday that Philbin purchased the Treasury Hotel for about $20 million from owner Herb Pastor.
Philbin said Wednesday he was the sole buyer of the resort and termed the purchase 'a good deal'. He declined to elaborate.
The former defensive end, who played on the Jets' Super Bowl-winning team in 1969, initially tried to buy the Treasury Hotel a year ago with Thomas O'Donnell, owner of a New York car leasing company. However, the Nevada Gaming Control Board rejected O'Donnell's gambling license application on grounds he had questionable dealings and suspected associations with unsavory persons.
Philbin's gambling application at that time was referred back to the Nevada Gaming Control Board for further investigation into his testimony before a New York grand jury investigating kickbacks.
Philbin was with the Jets from 1964 to 1973. He played for the Philadelphia Eagles in 1974. Currently he owns Northeast Mines Co., a sand and gravel company in Long Island.