Exclusive Content   Join Now

Silver Club casino may close if pending sale fails

Dec 18, 2008 9:15 PM
Staff & Wire Reports |

Managers of a hotel-casino that has been operating in Sparks for more than a quarter century say it may have to close if a pending sale falls through.

The Silver Club has been on the market for more than a year. General Manager David Mustard says they have been negotiating with an undisclosed potential buyer since August and that those talks are continuing. But he also told employees in a recent memo there is a possibility the deal could fall through.

The Silver Club laid off nine of its more than 200 employees last week and cut hours for many more. Mustard told the Daily Sparks Tribune additional layoffs may be necessary. He did not put any time frame on a potential closing.

He said as long as the talks continue, they will remain open.

The Silver Club opened in 1982 on what is now Victorian Square adjacent to John Ascuaga's Nugget.

For a look at what the casino landscape may look like in 2009, check next week’s 2009 Preview, beginning Tuesday in GamingToday.

Related Articles:
Bloom is off Macau as gambling Mecca
Gaming industry recovery unlikely until 2010
Phil Ruffin to buy Treasure Island from MGM
Atlantic City bankruptcies feared