What is particularly interesting about this article is that with all the amenities, slot machines, hotel and spa, 300 people are employed.
Where are the thousands of jobs that Beacon Hill would pretend to create?
In early June, the casino closed its table games and laid off about 35 people. About 300 people work at the 214-room property along the banks of the Truckee River.
Nev. regulators hold meeting on Reno casino
CARSON CITY, Nev.
A Reno casino that received a reprieve on back room taxes last week faces another hurdle Thursday when it goes before state gambling regulators over lapsed casino taxes and concerns about its bankroll.
The Nevada Gaming Commission will hold a special hearing in Carson City to consider whether the Siena Hotel Spa Casino's nonrestrictive gaming license should be suspended.
Matthew Kelly, a lawyer for the casino, said plans have been made with various agencies to resolve debt issues.
"The Siena is not seeking to deflect our responsibilities or diminish the seriousness of our obligations," he said Wednesday in an e-mail to The Associated Press.
Under state law, a nonrestricted license is automatically deemed surrendered if the holder falls three months behind on casino fees and taxes.
Dennis Neilander, chairman of the Nevada Gaming Control Board, said the Siena began falling behind in March, but officials delivered a $38,000 check late Friday to cover one month of delinquency. Another $77,000 is owed for the other two months, and $80,000 in annual slot machine fees is due July 1.
"We've never had a nonrestricted licensee fall this far behind on their fees," Neilander said. "We have other properties that are struggling, but they've filed for bankruptcy protection."
The commission also will consider whether the Siena is able to meet minimum bankroll requirements, a protection for gamblers to ensure properties have enough money to pay winnings.
In early June, the casino closed its table games and laid off about 35 people. About 300 people work at the 214-room property along the banks of the Truckee River.
Last week, the Reno-Sparks Convention & Visitors Authority finance committee gave the Siena a year to pay four months of delinquent room taxes totaling $140,000 and keep its lodging license.
Siena general manager Clyde Callicott blamed the delinquency on previous management. He said he inherited debts and a default notice in December on a $50 million loan from Bar-K Inc. of Lafayette, Calif.
Kelly, Siena's lawyer, also blamed the property's financial troubles on a legal battle with International Game Technology over IGT slot machines that failed to work with the casino's management system.
The Siena alleges fraud and deception caused it to "lose hundreds of millions of dollars" in revenues. The case is pending in Nevada courts.
Despite the legal case and Nevada's sour economy, "We are confident the Siena will emerge a prosperous hotel casino," Kelly said.
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