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Friday, October 8, 2010

Reno's Siena Closes

Reno's Siena closes its casino, keeps hotel open


The Siena Hotel Spa Casino in downtown Reno is temporarily closing its casino but keeping its hotel, restaurants and sports book open.

The Reno Gazette-Journal reports that Siena management is holding a meeting with employees to discuss the resort's plans.

The Siena filed for bankruptcy protection in August in a move to keep the property open while a deal to bring in a partner to run it can be finalized.

According to papers filed with U.S. Bankruptcy Court, the Siena's overall debt could be as much as $100 million.

Reno casinos have been struggling because of competition from Indian casinos and Las Vegas megaresorts.

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