The Lakeside Inn and Casino on Lake Tahoe inward Stateline, Nevada, was sold amid the COVID-19 pandemic.
The Lakeside cassino and resort, once a favourite hangout among locals, opened indorse in 1969. It proclaimed its lasting closing in Apr 2020 and was sold to Barton Health last yr for $13.4 million.
Barton Health began demolishing the resort this week. The clarification will relieve oneself way of life for a health aid installation that’s existence developed based on community of interests feedback and wellness needs.
Barton has gathered input from biotic community stakeholders, partner agencies, and physician and staff teams for a broader strategical professional contrive to accompany the installation plan as the project moves forward,” said Barton Public Information Officer Mindi Befu. “A dual campus strategy will improve stance the wellness guardianship system to assist the hereafter needs of the part and ensure long full term viability through and through improved approach to services, efficiencies, and state-of-the-art technology and facilities.”
Barton’s Lakeside purchase includes the casino and the octet acres of set ashore the resort sits on at the tree of Kahle Drive and US Highway 50.
Gaming Rebound
Lakeside’s owners claimed they were forced to sell the casino after existence ab initio denied Paycheck Protection Program (PPP) funding through and through the federal government’s Coronavirus, Aid, Relief, and Economic Security (CARES) Act.
Congress and the Small Business Administration, the latter of which largely administered the CARES Act distributions, later amended the pandemic funding regulations. That go allowed gaming operators to participate. The ease came too belatedly for Lakeside, the property’s owners said.
In Mar 2021, an auctioneer of the property’s assets raised virtually $7 million. Items sold included one-armed bandit machines and tabularise games, furniture, kitchen equipment, business office chairs and desks, vehicles, and memorabilia.
Though COVID-19 ended the Lakeside Inn’s more than half-century run, gaming has recovered inwards the South Shore Lake Tahoe market.
According to the Battle Born State Gaming Control Board (NGCB), 144 gaming revenue utmost yr inward Douglas County totaled $250 million. In 2019, South Shore Lake Tahoe casinos won $231.2 jillion — 8% less than inwards 2021.
End of an Era
The Lakeside Inn opened as a small gaming hall called the Caesars Inn inward 1969. Three years later, the dimension was acquired past William Harvey Gross, who owned and operated Harvey’s Resort Hotel just now a mi push down the road. Caesars Inn was renamed Harvey’s Inn inward 1972.
After Gross died in 1985, the property was sold to a local radical of investors who rebranded it to Lakeside. Since then, the casino and resort has been a locals go-to speckle for food and drinks paired with some gambling.
The Lakeside’s roughly 18,000-square-foot gaming level housed nearly 300 one-armed bandit machines and a handful of table games. a run and sportsbook also operated on the premises.
The dimension deteriorated o'er the years, with its 123-room hotel struggling to pull visitors inwards recent memory.
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