Nev. casino regulators OK new owners for 6 casinos

Dec 18, 2009 12:29 AM

Staff & Wire Reports | IMG1

The Nevada Gaming Commission has approved new ownership for six rural northern Nevada casinos currently in bankruptcy.

Commissioners on Thursday unanimously approved an unrestricted casino license for 777 Gaming Inc. of Las Vegas and Nevada Asset Holdings LLC of Colorado Springs, Colo., to acquire the casinos from Holder Hospitality Group.

The properties include the Silver Club in Sparks; Commercial Casino and Stockmen's Casino Hotel in Elko; Scoreboard Casino in Spring Creek; the El Capitan in Hawthorne; and Parker's Model T Casino in Winnemucca.

Holder filed for Chapter 11 bankruptcy protection in June, and Northern Nevada Asset Holding acquired the $33 million note on the properties.

Jeff Silver, attorney for Northern Nevada Asset Holding, said a hearing in bankruptcy court is scheduled Dec. 21.