https://wavepublication.com/new-owne...city-licenses/
It will be rebranded "Parkwest Bicycle Casino", named after the purchasing company, Park West.
It appears only the casino operations have been sold, not the physical building. It is not clear if the hotel is part of the deal.
I don't think this has anything to do with the recent legal trouble of Gal Yifrach, who allegeldy laundered money there. However, the Bike has been in trouble for allowing money laundering in previous cases.
The Bike has recently become the dominant Los Angeles area card room for middle and high stakes limit poker, after about 20 years of Commerce leading the way.