The Lakeside Inn & Casino, which never reopened following Nevada Governor Steve Sisolak’s order to close last year due to COVID-19 pandemic, has been sold to not-for-profit health care provider Barton Health, which has plans to demolish and reutilize the property.
Located at 168 Highway 50 in Stateline, Nevada, the Lakeside Inn & Casino announced its permanent closure in April last year. The decision to permanently close the hospitality & gaming facility was announced less than a month after Governor Sisolak (D) ordered all commercial casinos across the state to temporarily suspend their operations and close their doors due to the deadly COVID-19 outbreak.
The casino announced its permanent closure after it was denied a Paycheck Protection Program (PPP) loan and any other financial assistance from the federal government. Later, lawmakers amended its PPP regulations to casinos to get PPP loan, but it came too late for Lakeside Inn & Casino and its 218 team members.
In March this year, the owners of the gaming property organized an auction to sell off items like slot machines, gaming tables, furniture, kitchen equipment, vehicles etc. the auction was valued at around $7 million. Earlier this week the Douglas County Recorder’s Office announced that the closed casino had been sold to Barton Health in a deal worth $13.3 million. The deal includes eight acres of land owned by the casino at the corner of the Kahle Drive and Highway 50.
Over the years, the Lakeside Inn & Casino became outdated, failing to attract customers. Its 123-room outdated hotel remained mostly vacant for years, while the gaming floor and restaurant remained heavily dependent on locals.
Last year, Bill Rozak wrote in the Tahoe Daily Tribune, “The favorite casino for locals made it through six presidents, got a close-up view off the Gondola Fire in 2002, survived The Great Recession, but could not make it through a global pandemic.”
Barton Health has plans to demolish the outdated gaming property and use it expand access to medical care services. Dr. Clint Purvance, President and CEO of Barton Health, said that expanding healthcare services at South Lake Tahoe campus would not only help the not-for-profit organization to meet its strategic growth goals but also allow it to increase access to patients on the East Shore.
The Lakeside Inn & Casino’s origin traces back to 1969 when Grover Rowland and Herbert Fisher launched a small gaming facility called the Caesars Inn. In 1972, the Caesars Inn was bought by Harvey Gross, who renamed the property as Harvey’s Inn. Following Gross’s death in 1985, the property was sold to a group of local investors, who rebranded as Lakeside Inn & Casino.