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The new tower was designed by Los Angeles architect Maxwell Starkman. A second casino in a separate, round building on the site opened in under the name Oasis Casino at The Dunes.
Many major professional boxing events took place at the Dunes during this era, from to ;  notably the May 20, undercard that featured Ossie Ocasio retaining his WBA 's world Cruiserweight title by fifteen round unanimous decision over Randy Stephens , Greg Page beat Renaldo Snipes by twelve rounds unanimous decision in a WBC 's Heavyweight division elimination bout, Michael Dokes retained his WBA world Heavyweight title with a fifteen-round draw tie over Mike Weaver in their rematch, and Larry Holmes won over Tim Witherspoon by a twelve-round split decision to retain his WBC world Heavyweight title.
The Dunes, suffering from low revenue, filed for bankruptcy protection and reorganization under Chapter 11 on November 6, By July , Hilton Hotels Corporation and Japanese investor Masao Nangaku both separately planned to purchase the resort.
On November 17, , the Dunes was sold to Wynn's company, Mirage Resorts, Inc. On January 26, , the Dunes closed its doors for good.
A liquidation sale was conducted by National Content Liquidators to clear the property of its contents as a prelude to the building's demolition.
Like many of the legendary properties of its era, it could no longer compete with the newer and more exciting megaresorts that were being built.
Steve Wynn bought the Dunes and started the redevelopment trend with the demolition of the year-old North Tower. On October 27, , the Dunes was demolished in a grand ceremony that involved major fireworks displays and the use of several "cannon blasts" from the English ship 'HMS Britannia' of Treasure Island Hotel and Casino.
Over , people watched its demise. The Dunes sign itself was lit and read "No Vacancy" as if it were still open. Steve Wynn , along with Controlled Demolition, Inc.
Prepare broadside. The neon sign was destroyed and a fireball fueled by 16, liters gallons of aviation fuel engulfed the Diamond Tower shortly before explosives brought it down.
Everything except the south tower was destroyed "amid a shower of fireworks never before equaled west of the Mississippi. The year-old South Tower was demolished 9 months later on July 20, , with no fanfare and minimal media attention.
The demolition also held symbolic significance for the city. Many long-time residents knew the Dunes was controlled by the mafia , having been first built with money from it and the mob-controlled pension funds of the Teamsters and Pipefitters unions.
The demolition signaled the end of significant mafia control and influence in Las Vegas. For many years, the hotel was owned by Major Riddle from the " Chicago Outfit " and later sold in part to Morris Shenker , an "attorney associated with the St.
Louis Mafia , Meyer Lansky , Jimmy Hoffa , and Frank Foster, owner of Athony Alarm". During its construction of a new resort and casino, workers found four bags of Dunes casino chips that were buried at the site.
The Bellagio now stands in place of the Dunes: the former's fountain and lake alone are located on the site of the latter's casino and its North tower.
The Dunes golf course is now occupied by parts of Park MGM , New York-New York , CityCenter , and Cosmopolitan , and T-Mobile Arena.
Spearheading the Dunes operation are its president Joe Sullivan, and Al Gottesman, vice president. Gottesman, active vice-president, is widely known for his work in the hotel field and the entertainment business.
For many years he operated a large chain of theatres along the eastern seaboard which he later sold to Warners, and which became the nucleus of the vast Stanley-Warner chain.
Hard-working Al Gottesman brings a quarter of a century of successful experience to the Dunes. Yes No Unsure. Is this a place or activity you would go to on a rainy day?
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