Bally’s Corp.’s purchase of MontBleu in Lake Tahoe from Edgewood Companies has been approved by Nevada Gaming Commission, sealing Bally’s first casino in the state.
Company Chairman Soo Kim said: “Even though we are spending time on technology, we believe in the physical experience of the casino. This is a destination property and a first-class place to go in Nevada. This is an opportunity to have a destination for our customers from different parts of the country and have a resort experience like Lake Tahoe.”
Bally’s owns 11 casinos in seven states, but expects to soon have 15 casinos in 11 states by next year through deals that are pending.
MontBleu has seven restaurants and bars, 17 table games, 418 slot machines, a 1,300-seat showroom and 1,600 square feet of meeting space. It is one of four casinos on Lake Tahoe’s Southshore near the border with California.