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:Nevada Gambling News Brief
Holder casino group seeks bankruptcy protection
Forbes.com, Tuesday, June 23, 2009 at 9:13:01 PM
Several northern Nevada casino companies controlled by businessman Harold Holder Sr. have filed for Chapter 11 bankruptcy reorganization, heading off efforts to get a court-appointed receiver to take over the clubs.
The bankruptcy court filings by the Holder Hospitality Group list six properties, including the already closed Silver Club in Sparks, and follow a receivership hearing last week in Washoe County District Court sought by a company holding a $33 million defaulted note.
Besides the Silver Club, the properties include the Commercial Casino and Stockmen's Casino Hotel in Elko, Scoreboard Casino in Spring Creek, the El Capitan in Hawthorne and Parker's Model T in Winnemucca.
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the word 'casino' comes directly from Italian, where it originally meant 'little house' or 'cottage.' It was first used in English to describe a gambling establishment in the 1800s.
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