Growing competition forces major Reno-Tahoe resorts to upgrade
Major Reno-Tahoe resorts are pumping millions of dollars into expansion and improvement projects as competition in the gambling industry heats up. Local hotel-casinos plan to spend nearly $800 million in upgrades and expansions in the next year, according to the Reno-Sparks Convention and Visitors Authority.
Resort owners said they must improve their properties because of the growing threat of tribal gambling in California and plans for new local hotel-casinos.
"It is imperative (to reinvest) if you want to stay competitive with other regions," said John Farahi, chief executive officer of the Atlantis Casino Resort Spa in Reno.
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