Silver Club casino sells for $2.5 million at auction
Wednesday, December 23, 2009 at 6:40:52 PM
The historic Silver Club Casino in Sparks was sold for $2.5 million Wednesday at a foreclosure auction on the steps of the Washoe County Courthouse in Reno.
There was no competitive bidding and the only company to offer a bid was Northern Nevada Asset Holdings LLC of Colorado Springs, Colo., which was the mortgage note holder on the Silver Club.
Holder Hospitality Group had owned the Silver Club and filed for Chapter 11 bankruptcy protection in June and Northern Nevada Asset Holdings acquired the $33 million note on the Silver Club and other casino properties.
Gambling Factoid #22: 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.
38,000 pages of information in our directory, and we still can't help you find what you're looking for?
Let us know where we failed!
You can help us improve just by using one of the following options:
1. Private comment
2. Email us
3. Add a business.