Harveys lake tahoe hotel & casino
Harveys Lake Tahoe
Resort and casino in Stateline, Nevada
Harveys Lake Tahoe is a hotel and casino located in Stateline, Nevada. It has rooms and suites as well as six restaurants and a casino with 87, square feet (8,&#;m2) of space. It also has a video arcade, wedding chapel, pool, convention center and a full-service health club. It is owned by Vici Properties and operated by Caesars Entertainment.
History[edit]
Harvey's was originally opened in and operated by Sacramento meat wholesaler Harvey Gross and his wife Llewellyn. They opened the first high rise tower and an story, room hotel in Nevada just across the state line from Lake Tahoe, California in [1]
The hotel suffered an explosion from a bomb on August 27, , that left a crater three stories deep when it was detonated by the FBI. (The area around the hotel had been cleared and no one was injured.) The bomb caused an estimated $18&#;million ($60&#;million in ) in damages. Parts of Harvey's casino reopened within 48 hours, and the fully repaired and renovated hotel reopened in May [2] The bomb was placed by John Birges, a heavily in-debt Fresno landscaper who had lost at least $1&#;million at casinos in Stateline and was hoping to extort $3&#;million from the bomb threat. He was convicted and sentenced to life in prison without the possibility of parole, where he died from liver cancer in [3]
In , Harvey Gross died at the age of 78; however, the company continued to operate under family management. In , Harveys sold Harvey's Inn, northeast of Stateline, which reopened as the Lakeside Inn. The story, $74&#;million, glass "Lake Tower" opened in ,[4] the same year the trademark "Wagon Wheel" was replaced on the story tower with the current Harveys brand.
In early , Harveys entered a bidding war with Hilton Hotels Corporation over the right to buy Bally's Reno, which opened on May 3, , as MGM Grand Reno (now Grand Sierra Resort). Harveys announced an agreement on a $71&#;million deal, only to see Hilton up the ante to $73&#;million and assumption of Bally's debt. Several weeks later, after considering even higher bids, a federal bankruptcy court settled the matter by approving Hilton's final $83&#;million offer.
After going public on February 15, , Harveys began new projects including a joint venture with Hard Rock America for an $80&#;million casino in Las Vegas, which it later sold its interest in and then a casino resort in Central City, Colorado. A riverboat casino-convention center in Council Bluffs, Iowa, followed in early
In the late s, Bill Cosby was signed on as the spokesman for Harveys.[5] This included putting the actor's likeness on several of the casino chips[6] and recording several specials at the casino.[7]
In , Colony Capital bought a controlling interest in Harveys Casino Resorts. Harveys announced on April 24, , that it would be acquired by Harrah's Entertainment (later Caesars Entertainment) for $&#;million.
On October 6, , ownership of the property was transferred to Vici Properties as part of a corporate spin-off, and it was leased back to Caesars Entertainment.[8][9]
References[edit]
- ^"Harvey's hotel now open to the public". Lake Tahoe News. April 5,
- ^Hoffman, Ryan (August 21, ). "40 years ago, Tahoe casino bombing was biggest in U.S. history". The Record Courier. Gardnerville, Nevada. Tahoe Daily Tribune. Archived from the original on 16 January Retrieved 27 October
- ^"John Birges Sr". AP News.
- ^"Celebration set for new tower." Tahoe Daily Tribune. June 26,
- ^"History of Harveys Casino Resorts – FundingUniverse". thisisnl.nl.
- ^"Harvey's Casino Chips". thisisnl.nl.
- ^"Then and now: Stateline casino ownership". Lake Tahoe News.
- ^"Vici Properties Inc., completes spin-off from Caesars Entertainment Operating Company" (Press release). Vici Properties. October 6, &#; via NewsBank.
- ^Form B4: Prospectus (Report). Vici Properties. February 2, pp.&#;F &#; via EDGAR.