Las Vegas police say Carleo was the motorcycle-helmeted robber who waved a gun, grabbed high-value casino chips and made off on a motorcycle before dawn Dec. 14. No shots were fired and no one was hurt. Police said then that they thought the same man robbed the Suncoast casino in northwest Las Vegas early Dec. 8.
But stealing $1.5 million in chips isn't like stealing $1.5 million, experts and police pointed out at the time. Chips are unique to casino properties and are generally not interchangeable, although state regulations let casino companies redeem sister properties' chips with some restrictions.
After the heist, Bellagio announced plans to discontinue the casino's $25,000 chips in April, setting a deadline for the thief to try to use them. Police weren't saying early Thursday whether the suspect tried to redeem the chips which ranged from $100 to $25,000 before he was arrested.
The Las Vegas Review-Journal reports that Carleo is the son of a Las Vegas Municipal Court judge.
Bellagio officials wouldn't say whether MGM Resorts properties are among Las Vegas casinos that embed radio frequency devices inside the tokens.
Police say it took less than three minutes for the robber to pull off the heist.
The bandit entered a casino entrance from Flamingo Road, strode fewer than 500 feet to a craps table, brandished the handgun at the 10 to 12 patrons and three or four dealers with chips piled on the green felt, scooped up the loot and ran.
Casino security officers didn't confront the robber, but a ceiling security video camera followed his path out the door. Morgan said a 911 call was placed to police while the man was still in the casino. He was gone by the time police arrived.