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Sahara Hotel Casino, Oldest on Las Vegas Strip, to Close May 16

The Sahara Hotel & Casino, the oldest remaining Las Vegas Strip resort, will close May 16 after owners SBE Entertainment Group and Stockbridge Real Estate Funds postponed its redevelopment amid a record citywide slump.

“We are working with our partners to assess a variety of options for the property, including a complete renovation and repositioning,” SBE Chief Executive Officer Sam Nazarian said in an e-mailed statement. “The continued operation of the aging Sahara was no longer economically viable.”