Sharkey’s closes, but signs say it will be back
November 20, 2014
Sharkey's owner said he hopes the Gardnerville landmark will reopen soon.
Sharkey's closed its doors midnight Saturday after 43 years in business. Paper signs on the doors announcing the casino was 'temporarily' closed offered hope it would reopen soon.
"There are certain requirements that have to be met to retain the gaming license," Holder Hospitality Group's Hal Holder said Monday. "We want to see it reopen as soon as possible. Hopefully, they'll be able to re-employ a number of the people who were working there."
Carson Valley Inn owner Mike Pegram's See Horse I was one of Sharkey's main creditors when the casino filed for Chapter 11 bankruptcy protection in 2013. By Dec., 2013, a reorganization plan had been approved by the bankruptcy judge.
On Nov. 9, a full-page legal notice in The Record-Courier announced a Dec. 4 trustee's sale of the property.
When contacted, a spokesman for Pegram said he had no comment on the closure.
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According to a filing with the Douglas County Recorder's Office, owner Holder Hospitality Group owes $3.836 million on the property.
Holder said he purchased Sharkey's from Milos 'Sharkey' Begovich for $5 million in 2002.
Begovich purchased the former Golden Bubble in 1970.
It opened Jan. 1, 1971, according to a story appearing in Record-Courier at the time.