Owners of the Sahara Hotel & Casino on the Las Vegas Strip say the resort will close in mid-May after nearly six decades in business.
CEO Sam Nazarian of owner SBE Entertainment Group says it doesn't make financial sense to continue operating the aging casino.
The Sahara opened in 1952 and is one of the last Strip properties from Sin City's Rat Pack era. It was featured in 1960's "Ocean's Eleven" as one of five casinos robbed by a group of World War II veterans.
Nazarian says the company is considering options for the property on the northern end of the Strip, including renovation.
He says MGM Resorts International is helping his company find jobs for affected workers and accommodations for guests who reserved rooms after May 16.