All Net Arena Developer Faces Racketeering Lawsuit Over Failed Vegas Project
The failed All Net Arena project on the Las Vegas Strip is now facing serious legal troubles, with its developer being sued for alleged racketeering.
Former UNLV basketball star Jackie Robinson, the project's founder, faces a lawsuit from investor Kent Limson and TACSIS APC, a California law and accounting firm. The suit claims Robinson orchestrated a scam through his company All Net Land Development LLC to generate income for himself, friends, and family members.
Portrait of a serious bald man
The lawsuit, filed in US District Court in Nevada, seeks $6.4 million in damages - triple the actual damages as prescribed by the RICO Act. According to the complaint, Robinson collected over $800 million in short-term loans between 2014 and 2019 that were never repaid.
Construction site in Clark County
The plaintiffs allege that instead of using investor money to purchase promised performance bonds, funds were transferred to Robinson's controlled LLC, Dribble Dunk, which then distributed money to Robinson, his family, and alleged consultants.
Futuristic Las Vegas arena and skyline
After a decade of delays, the Clark County Commission voted unanimously in November 2023 to deny further construction permit extensions when it became clear no funding was secured. Five months later, a new group, LVXP, announced plans to build their own arena on the same site.
Vegas skyline against orange sky
However, LVXP's plan faces skepticism, particularly given that Oak View Group (OVG) - an established $500 million company with extensive experience in building sports facilities - is already planning an NBA arena at the Rio location. OVG's leadership includes industry veterans Tim Leiweke and Irving Azoff, while LVXP's team lacks comparable arena development experience.
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