Levinson was one of the investors in the
Sands Hotel and Casino, which opened on December 15, 1952. There were many other investors, including the oilman Jake Freedman of Texas,
Sid Wyman,
Hyman Abrams and
Jack Entratter. The performers
Frank Sinatra and
Dean Martin both bought minor interests in the hotel. Although Jake Freedman was ostensibly the main shareholder, it was really controlled by
Frank Costello. In May 1953 the Nevada Tax Commission said it was well aware of the backgrounds of gamblers and hoodlums that the final report of the California Crime Commission had named as trying to become established in the legal gambling industry in Nevada. These included Levinson,
Joseph Stacher, Mack Kufferman, Meyer Lansky, Malcolm Clarke and William Bischoff. Levinson was described as a bookmaker in Florida, Kentucky and elsewhere. The Nevada commission secretary pointed out that unlike other states Nevada distinguished between gamblers, who were legal and licensed, and racketeers, who were not. He said both Levinson and Clarke, licensed in the Sands Hotel, had gambling backgrounds which were studied minutely before they were granted casino permits. In September 1953 Levinson, described as "Sands casino boss", was quoted extolling the value provided by Las Vegas hotels with their low prices, swimming pools, plush casinos and high-quality entertainment. A newspaper report in September 1954 said the
Flamingo Hotel was being sold for between $9 and $10 million to a Chicago syndicate of mid-west bookies and gamblers. Ed Levinson would be connected with the Flamingo after the sale. The Nevada Tax Commission said it knew nothing about the deal. The
Dunes opened on 23 May 1955 and soon ran into financial difficulty. The Sands management agreed to take over operation of the Dunes, and the Nevada Tax Commission agreed to an arrangement where Ed Levinson would run the casino and Jack Entratter would be Entertainment Director for both hotels. The Sands team could not turn the Dunes around, and it was sold to new owners in 1956. Levinson partnered with Lou Lurie, a San Francisco financier who had experience with hotels in Miami, to build the 15-story Fremont, the first refined hotel in
downtown Las Vegas. The
Fremont Hotel and Casino opened on May 18, 1956, in downtown Las Vegas. Levinson had a 20% share of the Fremont, which had been built using loans from the Teamsters. Levinson brought in Chef Shillig, formerly of the Ritz Hotel in Paris and the Savoy in London, and made Ed Torres the food and beverage manager. Torres and Levinson arranged high-class entertainers like
Wayne Newton,
Kay Starr,
Pat Boone and
Helen Reddy to draw the crowds. Levinson managed Meyer Lansky's
Havana Riviera before
Fidel Castro took over
Cuba in January 1959 and closed it down. Levinson moved back to Las Vegas in 1959 to run the Fremont. In 1959 Levinson,
Carl Cohen and Jack Entratter headed a group that bought the
Riviera hotel and casino in Las Vegas. Levinson bought a 27% share of
Binion's Horseshoe. The Horseshoe reopened in June 1961 after a construction project costing more than $2 million had combined it with the former Boulder club. Levinson, president of the Horseshoe as well as the Fremont, came up with the concept of the Horseshoe's exterior with its huge marquee. In 1964
Benny Binion bought back the shares that Levinson and his associates held in the Horseshoe and took back control of the operation. In February 1962 Levinson applied for approval of a sale of one third of his share in the Fremont to local businessman
Jerome D. Mack for a maximum price of $370,000. Levinson would keep a 20% share in the Fremont. The hotel was going through a massive expansion at the time in which more than a block would be filled with new facilities. In 1966 the Parvin-Dohrman Company of Los Angeles bought the Fremont. Albert Parvin, head of the company, was connected to Levinson and to the Teamsters. His Parvin Foundation owned a share of the mortgage on the Flamingo. ==Alleged skimming==