Bidding open on $7 million in assets at shuttered Tahoe casino auction

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Bidding is open as a three-day online auction starts this week for $7 million worth of assets from the shuttered Lakeside Inn & Casino in Stateline, Nevada, on Lake Tahoe's South Shore.

The online auction, hosted by Stremmel Auctions, will be held from Thursday, March 4, through Saturday, March 6, and will feature slot machines and other gaming equipment — that only licensed distributors and manufacturers may bid on — as well as kitchen and bar equipment, vehicles, art, tool, office equipment and memorabilia among other things.

In most cases of casino closures, all assets are usually sold in bulk to a company or scrapped. 

But Stremmel Auctions says Lakeside's owners wanted to give the community a unique opportunity to keep memories of the casino.

Lakeside announced it was permanently closing in April 2020 after 35 years in business due to financial impacts from the COVID-19 pandemic and that the casino/resort was initially denied an emergency small business loan.

The casino featured 295 slot machines and six table games, including a poker room with four tables; its craps table is one of the longest in Nevada. The property also featured a full sportsbook, while the hotel offered 115 rooms arranged over two floors.

The first day of the auction features slot machines and is a private sale for casino owners and licensed distributors.

The second and third days are open to the public. The second day features kitchen and bar equipment and restaurant and hotel supplies. The auction’s final day will feature memorabilia.

All assets will be sold to the highest bidders, without reserves or minimums. Go here to view the auction.