Businessman Behind Unsuccessful Las Vegas Stadium Accused of Racketeering

Investor accuses failed Net Vegas Arena developer of racketeering

In the bustling heart of the Las Vegas Strip, a new arena is expected to rise, but not without controversy. The project, slated to be built in the current parking lot of the Rio, has been the subject of scrutiny since at least 2017, with Vital Vegas reporting it as an unfunded boondoggle.

The group behind the new arena, LVXP, has announced ambitious plans to build a multibillion-dollar resort and NBA-ready arena on the same lot as the abandoned All Net project. However, Vital Vegas finds these plans highly suspect, given that an NBA arena is already in the works for the Las Vegas Strip.

In a dramatic turn of events, a racketeering lawsuit was filed against Jackie Robinson and All Net Land Development LLC by Kent Limson and TACSIS APC on Tuesday. The lawsuit seeks damages of over $6.4 million, triple the actual damages sustained by Limson and TACSIS. The suit alleges that All Net was a scam engineered to generate income for Robinson and his associates.

The Oak View Group (OVG), a $500 million company with a track record of building sports facilities, is a stark contrast to LVXP. OVG is expected to build the new arena on the Strip, and it is headed up by Tim Leiweke, the former president of live entertainment behemoth AEG, and Irving Azoff, manager of the Eagles.

The lawsuit against Jackie Robinson and All Net Land Development LLC named over 100 defendants, including individuals and entities that received All Net investment money. It claims that no performance bonds were purchased with investor money, but were instead transferred to a Las Vegas LLC named Dribble Dunk, controlled by Robinson. Dribble Dunk regularly transferred money to Robinson, his spouse, and friends and family members posing as "consultants," according to the lawsuit.

Moreover, the lawsuit alleges that more than $800 million in short-term loans were collected between August 2014 and December 2019 that were never repaid. Another portion of the investment funds went to AGS Assurety manager Timothy Arellano, who "never secured a single bond," according to the plaintiffs.

The Clark County Commission forced Jackie Robinson to abandon the All Net project in November 2023. Despite this, the principles of LVXP include a former managing director of an international rare-metal mining group, a professional dancer and choreographer, and a Chief Construction Officer who let a project go over a billion dollars over budget.

It's important to note that no information is available in the provided search results about the persons sued in the RICO case beyond those already named. A similar lawsuit was filed by Limson and TACSIS in February 2020, but it was dismissed under jurisdictional grounds.

As the legal proceedings unfold, the future of the new arena on the Las Vegas Strip remains uncertain. The public will be watching closely to see how this story develops.