Lake Las Vegas casino to close its doors
A Henderson, Nev., casino, located at the upscale Lake Las Vegas resort community, will close March 14, a victim of the ailing economy.
More than 170 employees will lose their jobs at Casino MonteLago, which has 635 slot machines, 12 table games, a race and sports book and two restaurants.
The closure is a result of an earlier decision to shutter the Ritz Carlton luxury hotel next door. Some 340 staffers at the Ritz Carlton will lose their jobs when the hotel shuts down on May 2. Of all 73 Ritz Carlton hotels, the recession reportedly was felt hardest at the Lake Las Vegas property.
Casino MonteLago opened in 2003 at the 3,600-acre residential, hotel and golf resort development 20 miles southeast of the Las Vegas Strip. Lake Las Vegas has been in bankruptcy reorganization since 2008 after Santa Barbara, Calif.-based developer Transcontinental Corp. defaulted on a $540 million loan with Credit Suisse.