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Harrah's sells Bill's Lake Tahoe casino site
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LAS VEGAS REVIEW-JOURNAL
Harrah's Entertainment Tuesday confirmed it sold the Bill's Lake Tahoe casino site to an attorney from Northern Nevada.
The attorney, who acquired the site for $5.225 million, plans to turn the building into a strip club, according to the Tahoe Daily Tribune.
Harrah's Entertainment closed the 22-year-old Bill's on Jan. 4 because of declining business. The property had been losing business even before the economic downturn, Harrah's spokesman John Packer said at the time.
Harrah's Entertainment owns the 510-room Harrah's Lake Tahoe and the 740-room Harveys Lake Tahoe near Bill's, which operated 310 slot machines in a 18,000-square-foot casino.
Contact reporter Arnold M. Knightly at aknightly@reviewjournal.com or 702-477-3893.
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Note of advice to the new owners: given Harrah's track record, be sure to get an inspection to assure that all of their 'maintenance' was done with permits and done to code. Can't be too careful concerning Harrahs.
It's a difficult situation either way. Turn places into strip joints and make money. On the other hand, at what cost? Does Nevada turn into a bigger strip joint or just selected areas? I still prefer some limits.
Not exactly diversification. This is not what made America what it once was nor what made China the powerhouse that it has become. There are better ways.