Stuart Perlman, Co-founder Of Lums, Dead At 60
MIAMI (AP) _ Stuart Perlman, a partner with his brother in founding the Lums restaurant chain and building Caesars Palace into one of the world’s premier resorts, died Monday.
Perlman, 60, died in a doctor’s office. He had been undergoing regular treatments for a heart condition, authorities said.
Perlman and his brother, Clifford, bought Caesars, in Las Vegas, Nev., in September 1969 for $58 million. They sold their interest in 1981 for $98.2 million.
The two brothers made their fortune in the restaurant business, borrowing $6,000 in 1956 to start a hot dog restaurant in Miami called Lums. By 1969 the company had grown to 379 restaurants.
In 1971, the Perlmans formed Caesars World Inc. The next year they acquired the old Thunderbird Hotel and in 1979 the corporation leased the Park Tahoe hotel-casino, now known as Caesars-Tahoe.
After gaming was legalized in Atlantic City, N.J., in 1976, the Perlmans tried to open Caesars Boardwalk Regency Casino. They were given a temporary license by the New Jersey Casino Control Commission in June of 1979. Their request for a permanent license was denied in October 1980.
The commission cited the brothers’ contacts with Miami businessmen Alvin Malnik and Samuel Cohen, who were linked to reputed organized crime figure Meyer Lansky.
Besides his brother, survivors include his wife, Harriet; three sons, Scott, Richard and Brett; one sister, Marilyn Tredwell; and one grandchild.
Funeral services were scheduled Wednesday in Miami Beach.