Jay Bloom | |
|---|---|
 | |
| Born | Jay Lawrence Bloom 1967or1968(age 55–56) |
| Education | Rutgers University Fordham University |
| Occupation(s) | Financier Real estate developer |
| Spouse | Carolyn Farkas |
| Children | Sean Bloom |
| Website | jaybloom.com |
Jay Bloom (born 1967/1968) [1] is an American investor, real estate developer, and entrepreneur based in Las Vegas, Nevada.
Bloom was born in Tachikawa, Japan, on a US Air Force base where his father was serving. He was raised Jewish. [2] He has an MBA. [2]
While still in college, he started Magnavest, an investment company that covered call option writing. After graduation, he worked for ten years at Manufacturers Hanover Trust in New York City, becoming an officer working in portfolio risk management and later in real estate risk management. [2]
In 1996, he and his wife also founded a veterinary discount company, Pet Assure. [1] [2] [3] After selling the company, he retired at 33, but became interested in flying helicopters. He earned a private helicopter pilot's license and bought his own helicopter, then bought the flight school and founded a company that offered 3-minute flights from piers on the New Jersey coast. [2] The 9-11 attacks made that business unprofitable; based on an arrangement with Eastman Kodak to sell souvenir photographs to tourists, he then founded Nactor, which sold souvenir photographs at amusement parks, zoos, and other large attractions. [2]
In Las Vegas, Bloom heads a number of real estate investment and development companies. He is chairman of First 100 LLC, which buys and forecloses on home owners association liens. [4] [5] His home is owned by Spanish Heights Acquisition Company, and he is a manager of SJC Ventures, a property management company. [6] He co-founded and is executive chairman of Pegasus Group Holdings, which develops and operates data centers that use renewable energy. [5] [7] He is reportedly a billionaire. [8]
Bloom was managing partner of the Mob Experience, a Mafia-themed attraction that opened in 2011 at the Tropicana casino on the Las Vegas Strip. [9] [10] He left the company later that year amid accusations of diverting funds and misrepresenting company finances. [11] There were also lawsuits over ownership of memorabilia on display. The attraction declared bankruptcy, was purchased, and closed in 2013. [8] Bloom subsequently planned to reimburse investors by opening a chain of temporary International Mob Experience Museums with leased exhibits. [12] Other entertainment ventures have included producing performances at the then Gladys Knight Theater at the Tropicana and a planned Star Wars-themed entertainment and retail center on the Strip. [10] In 2018, he co-founded Police Chase Las Vegas, which offers participation in a simulated police chase at the Las Vegas Motor Speedway, as either a police officer or a fugitive. The company started operations in early 2019. [13]
Since 2020, Bloom has been involved in efforts to bring an NBA team to Las Vegas. Initially interested in purchasing the Minnesota Timberwolves, in 2021 he formed an investor group including motivational speaker Tony Robbins and former NBA player Marcus Banks III with the objective of securing an expansion team. [6] [7] [8] [14]
Bloom is married to Carolyn Farkas. [11] In 2022 and 2023, OceanGate CEO Stockton Rush invited him and his son to visit the wreck of the Titanic aboard the company's submersible Titan . Bloom declined, following general concerns. [5] [15] [16] [17] On that dive, the submarine catastrophically imploded, killing Rush and four others.
The Las Vegas Strip is a stretch of Las Vegas Boulevard in Clark County, Nevada, that is known for its concentration of resort hotels and casinos. The Strip, as it is known, is about 4.2 mi (6.8 km) long, and is immediately south of the Las Vegas city limits in the unincorporated towns of Paradise and Winchester, but is often referred to simply as "Las Vegas".
The Tropicana Las Vegas is a defunct casino hotel on the Las Vegas Strip in Paradise, Nevada. It is owned by Bally's Corporation, on land leased from Gaming and Leisure Properties. The complex occupies 35 acres (14 ha) at the southeast corner of the Tropicana – Las Vegas Boulevard intersection.
Luxor Las Vegas is a casino hotel on the southern end of the Las Vegas Strip in Paradise, Nevada. The resort is owned by Vici Properties and operated by MGM Resorts International. The Luxor features an ancient Egyptian theme, and includes a 65,214-square-foot (6,058.6 m2) casino and 4,407 hotel rooms. The resort's pyramid is 30 stories and contains the world's largest atrium by volume, measuring 29 million cu ft (0.82 million m3). The tip of the pyramid features a light beam, which shines into the night sky and is the most powerful man-made light in the world.
Lyle Arnold Berman is an American professional poker player and business executive.
Tropicana Atlantic City, often referred to as The Trop, is a resort, casino hotel located on the beach and Boardwalk in Atlantic City, New Jersey. It is owned by Gaming and Leisure Properties and operated by Caesars Entertainment, and is the third largest hotel in New Jersey, with just under 2,400 guest rooms and the 200,000-square-foot shopping and entertainment complex, The Quarter. It has over 30 restaurants, 30 shops, 20 bars and lounges, 4 pools, the Tropicana Showroom, multiple spas, and an IMAX Theatre. In 2016, Tropicana completed over $200 million in renovations and additions, including a Multimedia Light and Sound Show, the addition of AtlantiCare LifeCenter Fitness, Garces restaurants, renovations to over 900 hotel rooms, and casino floor but Tropicana will continue investing. The Tropicana is the largest resort and casino on the boardwalk, with 2,364 rooms, 3,000 slot machines, 30 restaurants, and 30 shops, along with two 2,500-space parking garages, totaling over 5,000 parking spaces. In 2021-2023 Tropicana is said to complete renovations through these years, the renovations will include renovations to all 604 West Tower rooms, modernized elevators and escalators, pool enhancements, gaming space enhancements, and more undisclosed renovation projects.
Penn Entertainment, Inc., formerly Penn National Gaming, is an American entertainment company and operator of integrated entertainment, sports content, and casino gambling. It operates 43 properties in 20 states, under brands including Hollywood Casino, Ameristar, and Boomtown. It also offers sports betting in 15 jurisdictions and online casino gaming in 5, under brands such as ESPN BET and theScore.
Tropicana Entertainment Inc. was a publicly traded gaming company that owned and operated casinos and resorts in Indiana, Louisiana, Mississippi, Nevada, Missouri, New Jersey. and Aruba. Tropicana properties collectively had approximately 5,500 rooms, 8,000 slot positions and 270 table games. The company was based in Spring Valley, Nevada, and was majority-owned by Icahn Enterprises. The company was acquired in 2018 by Eldorado Resorts and Gaming and Leisure Properties for $1.85 billion.
The Tropicana Laughlin is a casino hotel in Laughlin, Nevada. It is owned by Gaming and Leisure Properties and operated by Caesars Entertainment. The hotel has 1,498 guest rooms and suites, located in the 12-story Casino Tower and the 24-story Promenade Tower. The casino has 1,050 slot machines and 21 table games. It includes the restaurants: The Steakhouse, Passaggio Italian Gardens, Carnegie's Café, Taqueria Del Rio, Poolside Café, Dips & Dogs and Victory Plaza.
Premier Exhibitions Inc is an Atlanta, Georgia-based company that organizes traveling exhibitions. As of January 2019, the company owned 5,500 Titanic relics with approximately 1,300 on display in various countries.
The wreck of the Titanic lies at a depth of about 12,500 feet, about 370 nautical miles south-southeast off the coast of Newfoundland. It lies in two main pieces about 2,000 feet (600 m) apart. The bow is still recognisable with many preserved interiors, despite deterioration and damage sustained hitting the sea floor. In contrast, the stern is heavily damaged. A debris field around the wreck contains hundreds of thousands of items spilled from the ship as she sank. The bodies of the passengers and crew would also be distributed across the seabed, but have since been consumed by other organisms.
Las Vegas Mob Experience was located at the Tropicana on the Las Vegas Strip. The Las Vegas Mob Experience was a 27,000-square-foot (2,500 m2) interactive tour that chronicled the rise and fall of the Mafia in the Las Vegas Valley, mixing entertainment with history, storytelling, artifacts and technology. Visitors take a journey through the world of organized crime, interacting with live character actors and 3D holograms of famous mob movie icons and celebrity gangsters such as James Caan, Frank Vincent, Tony Sirico and Mickey Rourke.
Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) specializing in casino properties, based in Wyomissing, Pennsylvania. It was formed in November 2013 as a corporate spin-off from Penn National Gaming. The company owns 60 casino properties, all of which are leased to other companies.
Caesars Entertainment, Inc., formerly Eldorado Resorts, Inc., is an American hotel and casino entertainment company founded and based in Reno, Nevada that operates more than 50 properties. Eldorado Resorts acquired Caesars Entertainment Corporation and changed its own name to Caesars Entertainment on July 20, 2020.
OceanGate Inc. is an American privately owned company based in Everett, Washington, that provided crewed submersibles for tourism, industry, research, and exploration. The company was founded in 2009 by Stockton Rush and Guillermo Söhnlein.
Lasting almost 50 years, Les Folies Bergere was the longest running show in Las Vegas history.
On 18 June 2023, Titan, a submersible operated by the American tourism and expeditions company OceanGate, imploded during an expedition to view the wreck of the Titanic in the North Atlantic Ocean off the coast of Newfoundland, Canada. Aboard the submersible were: Stockton Rush, the American chief executive officer of OceanGate; Paul-Henri Nargeolet, a French deep-sea explorer and Titanic expert; Hamish Harding, a British businessman; Shahzada Dawood, a Pakistani-British businessman; and Dawood's son Suleman.
Titan, previously called Cyclops 2, was a submersible created and operated by underwater exploration company OceanGate. It was the first privately-owned submersible with a claimed maximum depth of 4,000 m (13,000 ft), and the first completed crewed submersible with a hull constructed of titanium and carbon fiber composite materials.
Paul-Henri Nargeolet was a French deep sea explorer and Titanic expert. Known as "Mr. Titanic", Nargeolet was one of five people who died aboard the submersible Titan when it imploded on 18 June 2023 near the wreck of the Titanic.
Shahzada Dawood was a Pakistani businessman and philanthropist.
Richard Stockton Rush III was an American businessman and engineer, best known as the co-founder and chief executive officer of OceanGate, a deep-sea exploration company.