Jacobs Entertainment confirms it has bought the Gold 'N Silver Inn Restaurant on West 4th Street in Reno.
The Gold 'N Silver is within the boundaries of the Neon Line District, and the developer says buying it means they now own all the property in Reno's Neon Line south of West 4th Street between Keystone Avenue and West Street.
They say their long-term plans include a non-gaming hotel on the same block, and they're looking at possibly turning the Gold 'N Silver into a non-smoking casino.
In a post on Facebook, Gold 'N Silver former owner Jeff Paine wrote that he will remain the sole shareholder of the Gold ‘N Silver Inn corporation.
Paine also says the deal has a leaseback with Jacob’s Entertainment that runs until June 30, 2026 in which there is an early termination option of the lease (minimum early termination of 2 years from start of lease which was February 1st) which he expects Jacob's Entertainment to exercise.
Jacobs Entertainments says Paine, has agreed to continue operating it for the next two years.
