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Flamingo- Opened December 1946. Bugsy Siegel's pet project opened unfinished and over budget. It was a failure from the start and this didn't make Bugsy very many friends in the "mob". Forced to close shortly after, it reopened in March 1947. Unfortunately for Bugsy, his time would end 3 months later with a gun shot to the head! The chip pictured here is from the second "reopened" issue. There are 18 chips known of this highly sought after issue. Rarely is one for sale as the 18 found in 1990 were put into major collections, at $85 a piece!! Last known transaction in the issue was in mid-1999 for $8750. None have been on the market in over a year. Collectors and historians are still waiting to see if the first issue $100 chip will ever show up or maybe even the "grand opening" $5 chip that was rumored to be handed out by Bugsy himself on opening night! |
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