![]() But its sale comes during a retail-property binge on the Strip: Investors have spent billions for enclosed malls, paid a fortune for drugstores and built more shopping plazas as many tourists skirted casino floors to spend money elsewhere. The aging property with Western signage appears to be a throwback to a different era, at least on the outside. He was backed by a $25 million bank loan and a $10 million loan from the sellers, records indicate. The gift shop’s operator, Haim Gabay, bought the 2-acre property at the northwest corner of Las Vegas Boulevard and Sahara Avenue for $50 million on Friday, Clark County records show. Now, the self-proclaimed world’s largest gift shop is the latest retail property on the boulevard to sell for a hefty price. Miranda Alam/Las Vegas Review-Journal Follow Gift Shop, like countless gift stores on tourist-choked Las Vegas Boulevard, sells a grab-bag of Vegas-themed souvenirs: coffee mugs, keychains, shot glasses, even quarter-gallon flasks. The gift shopճ operator, Haim Gabay, bought the 2-acre property at the northwest corner of Las Vegas Boulevard and Sahara Avenue for $50 million on Friday. The sun sets behind Bonanza Gift Shop in Las Vegas, on Monday, Oct. ![]()
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