Another Casino, The Silver Club, Closing Up Shop In Nevada

When it comes to Nevada casinos, some of them have been around for a long time. It is the current state of the economy, however, that could create a big overhaul in the casino industry.

Several casinos have already closed their doors for financial reasons, and others may soon be following. The Silver Club, a casino hotel that has been open for almost three decades, will soon be closing their doors for good.

"What we are seeing in Nevada and around the rest of the country is the economy just destroying the casino industry. With the mix of expansion around the US and a declining customer base, it is becoming impossible for some casinos to survive," said observer Grant Yardley.

The Silver Club was in the process of being sold, which would have allowed it to stay open. The sale, however, fell through and now the owners may have no option but to close the struggling casino and hotel.

With negotiations continuing, the casino for now will remain open. If the talks stop permanently, and no deal is made, the casino will close, according to a memo that has been circulating to employees.

Nine employees have already lost their jobs. There are only 200 total workers at the casino hotel, so the nine workers laid off accounts for almost five percent of the total staff.

December 20, 2008
Posted By Tom Jones
Staff Editor, CasinoGamblingWeb.com
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