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Harrah’s Casino in Reno to Be Sold, Closed After 82 Years

Wednesday, 15 January 2020 18:19 administrator
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Harrah’s Reno Hotel and Casino will close after Caesars Entertainment Corp. said it agreed to sell the property for $50 million to a real-estate developer, which will turn it into a nongambling resort. The change of business plan highlights the growing challenges facing traditional gambling operators.

The 82-year-old Reno, Nev., casino launched the Harrah’s brand, and 17 casinos in the U.S. now operate under the name. Caesars and VICI Properties Inc., a real-estate investment trust spun off from Caesars in 2017, agreed to...

Read more https://www.wsj.com/articles/harrahs-casino-in-reno-to-be-sold-closed-after-82-years-11579130383

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