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Another Reno Casino Closes

3 October 2003

NEVADA – As reported by the Associated Press: "Citing mounting financial losses, owners of the Sundowner Hotel Casino in downtown Reno have announced plans to close Dec. 1.

"It's only the latest in a string of casino closures in a city facing increased competition from Las Vegas megaresorts and tribal casinos in California.

"`I would suggest there will be several more (casino closures) in the next several years, and probably the market needs that, given the changes that are occurring,' gambling analyst Dennis Conrad told the Reno Gazette-Journal.

"The Sundowner closure affects 300 full-time and 75 part-time employees, who learned about it in a letter from co-owner George Karadanis.

"…Employees, who also were notified that their health insurance will cease on Oct. 17, said they expected the closure.

"…Other downtown casinos, including Harold's Club, the Mapes and Riverside, earlier closed…"

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