Old Pins and Buttons
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Description: In late 1945, mobster Bugsy Siegel and his partners came to Las Vegas. Vegas reportedly piqued Siegel and his mob's interest because of its legalized gambling and off-track betting. At the time, Siegel held a large interest in Trans America Wire, a racing publication. Siegel began by purchasing El Cortez on Fremont Street for $600,000. His expansion plans were hampered by unfriendly city officials aware of his criminal background, so Siegel began looking for a site outside the city limits. Hearing that Wilkerson was seeking extra funding, Siegel and his partners posed as businessmen and directly bought a two-thirds stake in the project.
