Thursday, April 24, 2014

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Austin

TABC revokes all 9 Yassine liquor licenses

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The Texas Alcohol Beverage Commission has canceled all nine liquor licenses for businesses formerly operated by Yassine Enterprises.

The nine downtown bars have been empty since a multi-agency investigation closed them down last March, and led to 10 arrests, including Yassine Enterprises founder Mike Yassine and brothers Hadi and Steve.

Federal investigators claim the Yassines used the bars to run a drug distribution and money laundering operation which spanned several years.

The TABC announced Wednesday that they had also issued permits to new businesses at four of the closed bars.

• Bourbon Girl will move into 212 E. 6th Street, the former site of Spill
• 413 Bar will move into 413 E. 6th Street, the former site of Treasure Island
• Chicago House will move into 607 Trinity, the former site of Fuel
• Castro’s Warehouse will move into 213 W. 4th Street, the former site of Hyde

A TABC spokesperson said they are still reviewing applications for the other five locations.

In October, Mike and Hadi Yassine were convicted of money laundering and are set to be sentenced on Jan. 25.

They have yet to be tried on drugs charges.

Steve Yassine was found not guilty of money laundering, but pleaded guilty in October to drug trafficking charges. He was sentenced to one year in prison. After his release, he is scheduled to be deported.

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