Siena Casino Among Those Facing Foreclosure

Play Now at Golden Casino
Golden Casino is the most trusted online gambling site on the internet.

Play Now at Lion Slots Casino
Lion Slots features interactive slot machines called i-Slots.

Play Now at Superslots Casino
New players voted this site the most exciting casino online.

Your Ad Here?

The economic downturn has affected many in the gaming industry from Las Vegas to Atlantic City, recent reports say the Siena Hotel Spa Casino in downtown Reno faces potential closure.

Bar-K Inc, the lender for the resort’s mortgage filed a notice on December 11, citing that the owners have defaulted on payment of the original loan of $50 million and have threatened a foreclosure sale.

The $70 million resort opened in July 2001 along the Truckee River but in August 2009 the resort had converted much of its casino floor into a nightclub style entertainment center and laid-off all of its 18 full time dealers and several other part time dealers.

Siena has said in a statement that it “has not remained insulated” referring to the effects of the ailing economy, but “comprehensive reorganization efforts” were under way to prevent possible foreclosure on the resort.

Related posts:

  1. Luxor Casino Breaking Copyright Laws?
  2. The Cosmopolitan Gets A New Name
  3. Indiana’s Hollywood Casino Gets A New Look
  4. Expansion Creates 400 New Jobs In Charles Town Casino
  5. River City Casino Saves St. Louis Revenue