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Magnates Jay Sarno
Jay Sarno (1922-1984) was a Las Vegas business
entrepreneur who owned some important hotels there. He was
the creator of the Caesars Palace hotel and the Circus Circus,
and many credit him with being the father of today's more
familiy-oriented Las Vegas. Ironically, although Sarno seemed
to believe that Las Vegas could survive with less gamblers
and more families visiting, he was himself a gambler. His
former wife, Joyce Sarno Kerry, once declared that, during
one day of gambling, Sarno won 100,000 dollars, only to leave
the same night with a debt of exactly that same amount.
Some also believe that Sarno was a mafioso,
and the FBI published files on Sarno.
Brief Biography
Jay Sarno was born in Missouri, during the
era of the Great Depression. His father was a cabinet maker,
his mother a homemaker. The Sarnos were a very poor family,
and young Jay wanted a better way of living in the future.
Because of his parent's efforts, he and his six siblings could
attend college; Jay graduated from the University of Missouri,
with a degree in business.
It was at the University of Missouri that
he met Stanley Mallin, who would become his life long friend
and business partner. He and Malley went to World War II and
fought at the South Pacific theater. Sarno and Mallin settled
in Miami, Florida, after returning to the United States; there,
they became tile contractors. After that initial business
venture failed, they moved north, to Atlanta, Georgia, where
they became house builders. But Sarno and Malley's lack of
a truck haunted the pair during their second business venture
together, and, eventually, they gave up on building houses.
Sarno and Malley later on would meet Jimmy
Hoffa. The union leader liked Sarno and Malley's willingness
to become successful businessmen, and he introduced Sarno
and Malley to Allen Dorfman, who loaned Sarno and his friend
some money, allowing them to open the Atlanta Cabana Motel
in 1958.
After Sarno hired interior designer Jo Harris,
the Cabana motel became a successful business, and soon, other
motel locations were opened, in Palo Alto, California, and
Dallas, Texas.
The closeness of those two cities to the
gambling capital of the time, Las Vegas, brought a temptation
that Sarno was unable to resist. So he took a short trip to
Las Vegas, and found what he thought was a plain city, with
small hotel chains and not enough casinos for gamblers to
play in. The way he saw it, he could make a hotel there that
would appeal to gamblers and make much more money than the
Hilton Hotel located there, which did not have a casino then.
The Caesars Palace era
Serno wanted a hotel whose name would sound
European, yet at the same time appeal to Americans, and, in
1964, he, alongside Malley and Harris, began to build the
Caesars Palace Hotel. The idea was at first met with skepticism,
because many considered an European style hotel in the middle
of an American desert to be a business failure in the making.
Harris, however, designed the hotel in a
way that each of its amenities had to be approached by passing
the hotel's casino first; this, in turn, would lead to people
getting tempted to try their luck at the casino area, which
made the hotel a profitable business venture. The Caesars
Palace hotel was inaugurated in 1966; by 1969, Sarno and his
business partners were able to sell the property for the amount
of 60 million dollars.
Sarno and Mallin then opened what was one
of Las Vegas' first family oriented venues, the Circus Circus.
The attraction featured a circus tent with daily acts, and
Sarno would dress up as a ringmaster and attend to families
and children personally.
The Circus Circus was not an hotel when Sarno
and Malley opened it: instead, it was a casino with, as its
name implies, a circus. Sarno's idea was that, while children
could go and use their money having fun at the circus' their
parents, likewise, would use the money at the casino. But
soon, a Gas crisis began in the United States, affecting tourism
to Las Vegas, and the casino did not do well under Sarno and
Malley's leadership, so Bill Pennington and Bill Bennett,
a Del Webb executive, leased the Circus Circus.
Mafia connection
Sarno was always suspected of being involved
with the mob in one of or the another, as aforementioned.
In 1979, Carl Thomas testified in court that he had skimmed
profit from the Circus Circus, to increase the teamster's
riches. Malley denied this, however, when he testified. Malley
did admit, however, that the teamsters would occasionally
lend the Circus Circus operation.
Another fact is that Tony Spilotro, a mafia
boss, owned a store at the Circus Circus. He apparently introduced
himself to Sarno as "Steward Spilotro", leading
Sarno to believe he had no mafia ties. It is said that when
Sarno learned of "Steward"s real identity, he ordered
Spilotro to close the store and get out of the Circus Circus.
After retiring from the Circus Circus, Sarno
spent the rest of his time teaching would-be hotel owners
about how to manage that type of business, and dreaming about
a new hotel venture, which would have been called the "Grandissimo".
One of his students was Steve Wynn, who would later on become
the owner of The Mirage hotel. Sarno could not complete his
dream of opening the "Grandissimo"; death surprised
him during the planning stages of what would have been his
third business venture in Las Vegas.
Family life
Sarno was married once, but he was well
known for his womanizing skills, which implies that he may
have had several relationships with other women outside his
marriage. In 1974, he and wife Joyce Sarno Kerry divorced,
but they remained on friendly terms, often reuniting for family
events.
Jay Sarno had four children: Jay Sarno Jr,
an engineering company owner, September, a former Miss Nevada
contestant who is now a stockbroker, Heidi Sarno Strauss,
a flower store owner, and Freddie Sarno, also a stockbroker.
Jay Sarno knew how much his son Jay Jr. loved
the NASA Space program as a young boy; he once took Jay Jr.
to a NASA collectibles show and bid ten thousand dollars on
a patch used by Jack Swigert, of the famed Apollo 13 mission.
Asked by his son why he would bid such a relatively large
amount of money on an item like that, Sarno showed some affection,
answering that he just wanted Jay Jr. to have it.
Jay Sarno later on grew frustrated because
his dream of building the "Grandissimo" seemed impossible,
and he was never able to overcome his gambling addiction.
He died of a heart attack precisely at the same hotel he used
to own, the Caesar's Palace, while on a gambling stay at the
hotel.
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