The Bicycle Hotel and Casino is a large card room located in Bell Gardens California. They offer poker and a variety of "California" table games. They completed a $50 million dollar remodel and expansion in December of 2015. According to news sources they have 185 tables and are one of the largest casinos in California.
Early yesterday morning, they were shut down by the Feds. Agents entered the card room, ordered everyone to keep their hands visible, pick up their chips, cash out and leave the premises. They they proceeded to load up boxes of financial records and cart them away. Preliminary reports are that a financial fraud investigation is going on, involving laundered money. After a 20 hour shut down, the casino reopened this morning.
The "Bike" is familiar with financial fraud charges, as they were shut down back in the 90's for the same thing. The investigation back then uncovered $22 million in drug money from Florida smugglers being used to finance construction. The Federal government seized the smuggler's share of the ownership, and ran the casino for a pretty long time before selling their stake to a British concern after the dust settled. Maybe they want back in?
America is all about speed. Hot, nasty, bad-ass speed. - Eleanor Roosevelt, 1936