Bonanza Gift Shop, Touted as “World’s Largest Gift Shop,” Rumored to Be Closing

Update: When we first heard the Bonanza Gift Shop was closing, as we shared in the story below, we attempted to contact the owner of Bonanza for comment. We got no response, but a couple of weeks after our story went live, we heard from the store’s owner, Lynn Morris. Morris denies the rumors the Bonanza Gift Shop has been sold, that it’s closing, or that there’s been an offer on the store, from anyone. Given Morris has no reason to misrepresent what’s happening, it sounds like the Bonanza Gift Shop isn’t going anywhere, but we’re sticking with our story, mainly because if it turns out the rumors were true, we’ll look like a flipping genius.

Update (10/24/16): The Bonanza Gift Shop was sold for $50 million on Oct. 21, 2016. Told you it would be sold.

Here’s our original story:

Bonanza Gifts Las Vegas, billed as the “World’s Largest Gift Shop,” is a Las Vegas institution.

That said, the only constant in Vegas is change (oh, and cleavage), and it’s rumored the Bonanza will soon fall victim to the flurry of recent and future development at the north end of the Las Vegas Strip. We’ve heard the Bonanza Gifts shop is being purchased by MGM Resorts and will close.

Bonanza gift shop Las Vegas

Say it ain’t so!

No official announcement has been made by any of the parties involved.

The Bonanza gift shop is located near the new SLS Las Vegas and Stratosphere hotels, at the corner of Sahara Ave. and Las Vegas Boulevard. It opened in 1980, and while there’s been no independent verification of the fact it’s the “world’s largest,” there’s no disputing it’s large, with more than 40,000-square feet of shopping space.

Oh, and the Bonanza gift and souvenir shop also has one of our favorite signs in all of Las Vegas.

Bonanza gift shop

We’ll miss this sign the most when Bonanza closes. Well, this and some of the items in Bonanza’s Naughty Town. Yes, that’s a real thing.

Details about the closure of Bonanza Gifts aren’t easy to come by, but it was just a matter of time before the gift shop received an offer it couldn’t refuse.

The north end of The Strip is experiencing a boom, and the Bonanza is in a prime location for development.

Bonanza gifts souvenirs

In Vegas, it’s best to not get emotionally attached to anything.

Beyond SLS Las Vegas opening, construction of the nearby Resorts World is expected to commence sometime this summer.

The Bonanza gift shop is across the street from MGM Resorts’ planned debut of Rock in Rio, a much-anticipated music festival which will open in 2015. Rock in Rio is said to be the world’s biggest music festival, and one billion people have attended a Rock in Rio event in cities around the world.

For the Las Vegas version of Rock in Rio, MGM Resorts International, Cirque du Soleil and others will collaborate on a new open-air concert venue, called “City of Rock,” featuring five stages, themed streets and thrill rides. This new venue will accommodate a whopping 80,000 people per day.

Bonanza souvenir shop

Folks at Bonanza tell us one of the all-time most popular items is this foul-mouthed fowl.

Las Vegas visitors may soon have to find a new place to get their shot glasses, dice clocks, key chains, fuzzy dice and other souvenirs.

Las Vegas clock dice

About as Vegas as Vegas gets without a penicillin shot.

The site of the Bonanza gift shop has a long and storied history, which we were pretty much oblivious to until helpful reader Steven Brown pointed us toward this overview. The location was previously the site of the Big Wheel Casino and Jolly Trolley Casino. We hate having to learn new things, but sometimes it happens.

There’s sure to be more news to come as the north end of The Strip springs back to life. Stay tuned, and get your Vegas tschotskes while you can.

Share some Vegas. Share on FacebookTweet about this on TwitterPin on PinterestShare on Google+Share on RedditShare on StumbleUponEmail this to someone
  • Rebecca Kennedy

    Wow! I was just thinking how this store is sort of in the middle of no where, unless you have a car. I wonder if they will take their shop and set up else where or just call it a day.

    • We’re thinking retirement with all this MGM Resorts cash, so we wouldn’t expect it to open somewhere else.

      • Rebecca Kennedy

        How wonderful for the owners! Sort of like hitting the jackpot! Lol Just curious…has this been owned by the same people the entire time?

  • Steven Brown
    • Scott Roeben

      Thanks, Steven! Added that link to the story with credit to you for the find.

  • Quina Aparicio

    Will it be possible that this acquisition is part of an operation to buy land to build a new resort south of Stratosphere?

    • We’d be not. The lot in question isn’t big enough, but it’s a prime location if MGM does something related to dining or retail.

  • Misslaydj

    oh no!! the hubs and i stop everytime we go. cheap place to get gifts for our lil girls. we love the chip magnets.

    • Agreed. It’s a popular spot and has endured through the years. It’s likely they got an offer they couldn’t refuse. (Time to retire!)

  • UTAH Bill

    It’s been a couple of days now and not a peep about this in other LV media. Anyone have confirmation on this story?

    • Yeah, what the hell? Are these real journalists lazy, or what? We don’t actually expect to get confirmation of the story since it hasn’t been announced officially. (Who would it be confirmed by?) Ultimately, we’ll be really, really first or our source(s) will be really, really wrong.

      • UTAH Bill

        Understood. It’s just that LV blogs and sites like VegasChatter typically echo these things. I’m picking up nada on the radar. If this info does turn out to be accurate – kudos. You’ve scooped everyone else big time.

        • Thanks, and that’s how we roll! We haven’t seen any confirmation of it whatsoever. Things like this are fluid, but we’re sticking to the story until it’s proven to be wrong. Then we’ll say we were just drunk blogging. “)

  • natasha

    The store can’t be sold its in probate per the death of James Morris 2/1/13. Lynn Morris James Morris sister and business partner refusal to honor James’s will leaves the worlds largest gift store in probate indefident!!