RENO, Nev. (KOLO) — It’s been a destination for years in downtown Reno and now a Hotel Casino could soon be sold and converted to a non-gaming business.
The Nevada Independent reports Harrah’s Reno will be sold by Real Estate Investment VICI Properties and converted into a business entity that will not include a casino.
If that is the case, it would end the Harrah’s name in Reno after 83 years.
The Independent reports the transaction is expected to be announced this week and the buyer, Reno City Center LLC, plans to close the 940-room hotel-casino within six months.
This all comes about after the Eldorado Resorts bought Caesars Entertainment in June 2019 for $17.3 billion.
Harrah’s Reno was opened in 1937 by William “Bill” Harrah.
Since the Eldorado Resorts already owns Eldorado, Silver Legacy and Circus Circus, the Independent reports Eldorado management wasn’t interested in operating a fourth casino in the Reno market as there might have been antitrust concerns with one company owning that many casinos in one area.
KOLO 8 News Now reached out to the Eldorado Resorts for comment, but have not heard back.
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