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Jay Bloom

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Jay Bloom (born 1967)[1] is an American investor, real estate developer, and entrepreneur based in Las Vegas, Nevada.[2]

Jay Bloom
Born
Jay Lawrence Bloom

1967 (age 58–59)
Tachikawa, Air Force Base, Japan
EducationFordham University
OccupationsFinancier
Real estate developer
SpouseCarolyn Farkas
Children1
Websitejaybloom.com Edit this at Wikidata

Early life and education

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Bloom was born in Tachikawa, Japan, on a US Air Force base where his father was serving. He was raised Jewish. He has an MBA from Fordham University.[3][citation needed]

Career

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While still in college, he started Magnavest, an investment company that covered call option writing. After graduation, he worked for ten years at Manufacturers Hanover Trust in New York City.[3][citation needed]

In 1996, he and his wife also founded a veterinary discount company, Pet Assure.[1][4]After selling the company, he retired at 33, but became interested in flying helicopters. He earned a private helicopter pilot's license and bought his own helicopter.[3][citation needed]

In Las Vegas, Bloom heads a number of real estate investment and development companies. He is chairman of First 100 LLC, which buys and forecloses on home owners association liens.[5]He co-founded and is executive chairman of Pegasus Group Holdings, which develops and operates data centers that use renewable energy.[6][7]

Controversies

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Bloom was managing partner of the Mob Experience, a Mafia-themed attraction that opened in 2011 at the Tropicana casino on the Las Vegas Strip.[8] In June 2011, Bloom was ousted amid allegations of financial misconduct. Lawsuit alleging fraud were filed by the new management team and half dozen investors, creditors and mob family members. GC-Global alleged he lied about his debts to secure a $3 million loan, then spent the money on himself. The victims were compensated.[9][10][11][12][13]

Mob Experience company had filed for Chapter 11 bankruptcy, 4 months after its opening, listing limited liquid assets and approximately $7 million in debt, alongside liens and fines related to Bloom's property. Court proceedings also raised concerns about incomplete financial records. A receiver was appointed to review the company’s finances, while allegations of mismanagement were disputed and not upheld by the court.[14][15]

In 2018, he co-founded Police Chase Las Vegas, which offers participation in a simulated police chase at the Las Vegas Motor Speedway.[16]

In 2021, Jay Bloom announced plans to lead a bid for a National Basketball Association expansion team in Las Vegas, stating he could invest $300 million to $500 million. The proposed NBA expansion bid never materialized, and no team or ownership group emerged.[17][6][7]

In 2024, a lawsuit was filed alleging that Bloom and his son raised millions for a cryptocurrency mining operation, but used investor money to purchase land for himself and failed to run a legitimate business. Investors initiated arbitration, later confirmed by courts, claiming the Blooms fraudulently induced them to invest $2.5 million. In 2025, The Nevada Court of Appeal affirmed the $2.5 million award to the victims.[2][18]

Personal life

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Bloom is married to Carolyn Farkas.[19] In 2022 and 2023, OceanGate CEO Stockton Rush invited him and his son to visit the wreck of the Titanic aboard the company's submersible Titan. Bloom declined, following safety concerns.[20][21][22] On that dive, the submarine catastrophically imploded, killing Rush and four others. Bloom has a son.[23]

References

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  1. 1 2 Hansen, Susan (September 1999). "Discount Club Throws Bone to Pet Owners". Inc. Archived from the original on December 18, 2023. Retrieved December 18, 2023.
  2. 1 2 Newberg, Katelyn (June 9, 2024). "'Defendants were raising funds to steal': Purported billionaire, associates face lawsuit". Las Vegas Review-Journal. Retrieved April 8, 2026.
  3. 1 2 3 Gantz, Nesanel (July 12, 2023). "Bloom Family Office". Ami (interview). Archived from the original on December 18, 2023. Retrieved December 18, 2023.
  4. ↑ Defterios, John (October 30, 1997). "Pet health-care biz booms". CNN Money. Archived from the original on December 18, 2023. Retrieved December 18, 2023.
  5. ↑ Candee, Adam (March 29, 2017). "Nevada real estate investment firm receives $2.2 billion judgment". Las Vegas Sun. Archived from the original on August 20, 2022. Retrieved December 18, 2023.
  6. 1 2 Helin, Kurt (June 4, 2021). "Jay Bloom reportedly lined up ownership group to bring NBA expansion to Las Vegas". NBC Sports. Archived from the original on December 12, 2023. Retrieved December 12, 2023.
  7. 1 2 Katsilometes, John (June 4, 2021). "Las Vegas investor leads group aiming to land NBA team". Las Vegas Review-Journal. Archived from the original on December 12, 2023. Retrieved December 12, 2023.
  8. ↑ "Las Vegas celebrates its mob roots with two gang-buster attractions". The Miami Herald. May 3, 2016 [July 14, 2011]. Retrieved December 18, 2023 – via The Denver Post.
  9. ↑ "Bad blood between Outfit families, mob museum | ABC7 San Francisco | abc7news.com". ABC7 San Francisco. Retrieved April 7, 2026.
  10. ↑ Divito, Nick (October 8, 2012). "Class Whacks Mob Experience Guy in Court". Courthouse News Service. Retrieved April 8, 2026.
  11. ↑ Divito, Nick (August 8, 2011). "Funny Business Alleged at Vegas Mob Exhibit". Courthouse News Service. Retrieved April 8, 2026.
  12. ↑ Divito, Nick (October 6, 2011). "Another Case Against Ex-Boss of Mob Exhibit". Courthouse News Service. Retrieved April 8, 2026.
  13. ↑ Divito, Nick (March 2, 2011). "Giancana's Daughter|Sues The Mafia Collection". Courthouse News Service. Retrieved April 8, 2026.
  14. ↑ "Las Vegas Mobster Museum Files for Bankruptcy | ABI". www.abi.org. Retrieved April 7, 2026.
  15. ↑ Ferrara, David Ferrara (September 27, 2021). "Las Vegas investor embroiled in litigation as he shoots for NBA expansion". Las Vegas Review-Journal. Retrieved April 7, 2026.
  16. ↑ Darrow, Max (November 19, 2018). "Experience a police chase in Las Vegas, without breaking the law". News 3 Las Vegas. Archived from the original on December 18, 2023. Retrieved December 18, 2023.
  17. ↑ Ferrara, David (September 27, 2021). "Las Vegas investor embroiled in litigation as he shoots for NBA expansion". Las Vegas Review-Journal. Archived from the original on December 10, 2023. Retrieved December 12, 2023.
  18. ↑ "JAY BLOOM AND SEAN BLOOM v. JODY RODGERS AND THE JODY RODGERS REVOCABLE TRUST (2025)". FindLaw. Retrieved April 8, 2026.
  19. ↑ Green, Steve (August 5, 2011). "Civil lawsuit filed over Mob Experience finances". Vegas Inc. (Las Vegas Sun). Archived from the original on December 18, 2023. Retrieved December 18, 2023.
  20. ↑ Ax, Joseph (June 23, 2023). "Why U.S. investor Jay Bloom turned down seats on the doomed Titanic submersible". Reuters. Archived from the original on December 10, 2023. Retrieved December 10, 2023.
  21. ↑ Simpson, Michael Lee. "Las Vegas Financier Gave Up 'Titan' Sub Seats That Went to Billionaire and His 19-Year-Old Son". People. Archived from the original on June 24, 2023. Retrieved December 10, 2023.
  22. ↑ Chung, Gabrielle (June 24, 2023). "Businessman Who Almost Went on OceanGate Titanic Dive Reveals Alleged Texts With CEO on Safety Concerns". E! Online. Archived from the original on December 11, 2023. Retrieved December 11, 2023.
  23. ↑ "'Titan' Family Tragedy Averted Due to Son's Warnings About Safety of Sub". Peoplemag. Retrieved March 14, 2024.
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