The sale includes all assets to conduct gambling operations, and allows the new owners to assume the ground lease of the Bicycle Hotel & Casino.Ī report prepared by Bell Gardens Police Chief Scott Fairfield and Lt. In all, the new owners paid $38,000 to process the business operating licenses.Ĭarter Management Group and Thousand Palms Enterprises were the previous Bicycle Casino proprietors. John Park and Michael Visey had a small stake in the Bicycle Casino’s ownership before its recent purchase, and both hold point-holder licenses that would need to be renewed at a cost of $100 each. The Bell Gardens Municipal Code defines point holder as a person with an interest in ownership, profit sharing or card club revenues, be it direct or indirect through a partnership, joint venture or a corporation. The rebranded Parkwest Bicycle Casino also submitted an application to obtain two management employee licenses for trust beneficiary and owner John Park and for Michael Vasey, the new officer and director.Īlso, applications to obtain point-holding licenses were submitted for the Park West Casinos Inc., the John Park Trust, John Park and for Emily Park, who is John’s wife and second trust beneficiary. BELL GARDENS - The John Park Trust, owners of Park West Casinos, hotels and card rooms in Northern California, has purchased the gambling unit of the Bicycle Hotel & Casino and has urged the Bell Gardens City Council to grant club licenses to start operations.īell Gardens has scheduled a special council meeting to deal with the casino’s change of ownership and request of business licenses following the transaction approval and issuance of state permits by the California Gambling Control Commission on March 24.

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