October 25, 2014
ELKO, Nev. (AP) - The Holder Hospitality Group's Red Garter Hotel & Casino in West Wendover is scheduled to go up for auction on Feb. 16 at the Elko County Courthouse.
The foreclosure action was filed by Full House Inc. Full House sold the Red Garter to Holder in 2005 but holds a $6 million note that is now in default.
A notice says the sale will be to pay the unpaid balance of the note, more than $5.2 million.
Full House's Marcy Simon said Thursday she and her husband are working with Holder to make sure the casino stays open and no jobs are lost.
Simon says Holder is still the owner and the only one that can sell the casino but that Full House filed for foreclosure to protect its position.
Holder Hospitality Group filed for Chapter 11 bankruptcy in June.