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\tAnother Lake Tahoe casino is getting a major makeover as the lake\u2019s ailing tourism industry tries to reinvigorate itself.<\/p>\n
\tThe MontBleu Resort announced a $24 million renovation Tuesday that will cover the casino and all 437 rooms and suites.<\/p>\n
\tThe renovation comes three months after the aging Horizon Casino, located across the street from the MontBleu, announced a $60 million overhaul that will culminate with the property being converted into the Hard Rock Hotel & Casino.<\/p>\n
\tTahoe tourism has been struggling for more than a decade because of the explosion of Indian casinos in California. Overnight stays at south shore hotels and motels have fallen by more than 30 percent since 2001. Gambling revenue at Tahoe has dropped some 40 percent during the same period. Industry experts say the Tahoe area also is feeling the effects of the $800 million Graton Resort & Casino, which opened last November in Sonoma County.<\/p>\n
\tNontheless, there have been flickers of hope. In August, south shore gambling revenue rose 33 percent from a year earlier. Tourism officials have pointed to millions of dollars worth of real estate projects around the lake as a sign that the market could be improving.<\/p>\n
\tBesides the two casino projects, a retail complex is being built in the infamous \u201chole in the ground,\u201d a parcel that was going to become a convention center on Highway 50 near the California-Nevada border but has sat idle for five years. Elsewhere on the lake, the Cal Neva resort on the north shore is undergoing a major renovation, and a $400 million expansion is due to begin next spring at Homewood Mountain Resort near Tahoe City after years of delays.<\/p>\n
\tAt the MontBleu, formerly Caesars Tahoe, hotel executives said the property will be redone in a \u201cScandinavian fantasy\u201d motif. The project, which is already under way, is due to be complete next May. The MontBleu is owned by Tropicana Entertainment.<\/p>\n
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Another Lake Tahoe casino is getting a major makeover as the lake\u2019s ailing tourism industry tries to reinvigorate itself. The MontBleu Resort announced a $24 million renovation Tuesday that will cover the casino and all 437 rooms and suites. The…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-8154","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=8154"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/8154\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=8154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=8154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=8154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}