Early years In 1992,
Don Carano, a long time Reno attorney and CEO/Chairman of the Eldorado Hotel Casino and Clyde Turner, CEO of Circus Circus Enterprises joined together to design the Silver Legacy. At the time,
Las Vegas in Southern Nevada was growing fast and far overtaking
Reno with larger and more lavish casino-hotels. Carano wanted to create a similar, competitive hotel casino-resort. The total cost was projected at $230 million. On July 22, 1993, the special use permit was approved to go ahead with the construction on land owned by Carano, two city blocks which would link the new resort with Eldorado and Circus Circus. Carano and Turner announced the official name of the resort on December 15, 1994. Following a citywide competition to name Reno's newest resort in more than a decade, the winning name "Silver Legacy" was chosen. It opened on July 28, 1995. An awning on the building's front entrance states that it was established a century earlier, in 1895. This date is a nod to the building's 19th century theme. The Silver Legacy appears in the 1996 film
Kingpin, which features many scenes inside the resort. The 2002 film
Waking Up in Reno was also partially filmed inside Silver Legacy.
Later years In 2012, the Silver Legacy failed to restructure $142.8 million in mortgage notes due March 1 through a public offering. The Silver Legacy struggled with its debt load through 2012, eventually filing for Chapter 11 bankruptcy in May. In October 2012, the Silver Legacy emerged from bankruptcy with a restructuring plan approved by the courts. Carano's eldest son, Gary, was CEO of the property and later on, his next eldest son,
Glenn Carano, would join the executive team at the resort as Director of Marketing. In 2014, Glenn became the General Manager while Gary became CEO of
Eldorado Resorts. On July 7, 2015, MGM Resorts International agreed to sell its properties in Reno (Circus Circus Reno and a 50% stake in the Silver Legacy) to Eldorado Resorts for $72.5 million. The sale was approved and completed in November that year. Eldorado Resorts was renamed Caesars Entertainment, Inc. in 2020, after merging with an earlier company known as
Caesars Entertainment Corporation. Like all state casinos, the Silver Legacy closed on March 18, 2020, due to the
COVID-19 pandemic in Nevada. The property joined other casinos in reopening on June 4, 2020. The Silver Legacy spa reopened in September with new health and safety measures. Caesars Entertainment launched a $47 million renovation of Silver Legacy in 2021. The project included the redesign of nearly 1,200 rooms from the fifth through 25th floors. ==Features==