'World's largest gift shop' in Las Vegas sold

An iconic Las Vegas Strip business has a new owner.

The Bonanza Gift Shop at the corner of Las Vegas Boulevard and Sahara sold for $50 million last week, according to Clark County records.

Haim Gabay bought the self-proclaimed "Largest Gift Shop in the World."

Gabay's lawyer, Mark McIntire told us Gabay owns a couple other gift shops downtown, and he's been operating Bonanza for a year or so.

McIntire says Gabay will continue to run it as a gift shop "for the foreseeable future."

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