for the SLS Las Vegas hotel. He was found to have used drugs and made a payment to a convicted felon. The license was approved on a 4-0 vote and required Nazarian to go under drug testing and be limited to a one-year gaming license. Nazarian gave operational control of the SLS to Stockbridge Capital, though Nazarian retained a 10% stake.

After the revelations from the gaming board hearing, Related Companies, stopped a co-development project with SBE in downtown Los Angeles. In 2015, Stockbridge Capital bought out Nazarian's remaining