On December 26, 1946, in Las Vegas, Nevada, the infamous Benjamin “Bugsy” Siegel opened The Pink Flamingo Hotel & Casino at a total cost of $6 million. The 40-acre facility wasn’t complete and Siegel was hoping to raise some revenue with the grand opening.
Well-known singer and comedian Jimmy Durante headlined the entertainment, with music by Cuban band leader Xavier Cugat. Some of Siegel’s Hollywood friends, including actors George Raft, George Sanders, Sonny Tufts and George Jessel were in attendance, this grand opening however did not go to plan, the weather was bad and it kept many of the Hollywood guests from arriving, gamblers had no room at the hotel so took their winnings and gambled elsewhere.
The casino made a loss of $300,000 within the first week of operation.
Siegel and his New York “partners” had invested $1 million in a property already under construction by Billy Wilkerson, owner of the Hollywood Reporter as well as some very popular nightclubs and real money casinos in the Sunset Strip. Wilkerson had wanted to recreate the Sunset Strip in Las Vegas, with a European style hotel with luxurious rooms, a spa, health club, showroom, golf course, nightclub and upscale restaurant. But he soon ran out of money due to the high cost of materials immediately after the war.
Siegel, who held a large interest in the racing publication Trans America Wire, was drawn to Las Vegas in 1945 by his interest in legalized gambling and off-track betting. He purchased The El Cortez hotel for $600,000 and later sold it for a $166,000 profit.
Siegel and his organized crime buddies used the profits to influence Wilkerson to accept new partners. Siegel took over the project and supervised the building, naming it after his girlfriend Virginia Hill, whose nickname was “The Flamingo” because of her red hair and long legs.
Two weeks after the grand opening, the Flamingo closed down. It re-opened March 1, 1947, as The Fabulous Flamingo. Siegel forced Wilkerson out in April, and by May, the resort reported a profit, but it wasn’t enough to save Siegel.
Convinced that Siegel wasn’t giving them a “square count,” it is widely believed that his partners in organized crime had him killed at his Hill’s Beverly Hills mansion. Hill was in Paris, having flown the coop after a fight with Siegel 10 days prior. The crime remains unsolved.
Surviving a series of name and ownership changes, the hotel is known today as The Flamingo Las Vegas. The property offers 3,626 hotel rooms and a 77,000-square-foot casino.