Northern Nevada casino operator and famed Kentucky Derby-winning racehorse owner Mike Pegram and his group are on track to take over the operation of Hobey’s Casino in Sun Valley near Reno by the end of next week, when the acquisition is scheduled to close.
Pegram, who serves on the Board of Caesars Entertainment, currently operates five casinos in the Reno and Carson Valley area through his company G Peg LLC. He’s scheduled to appear before the Nevada Gaming Commission Dec. 18 for the licensing, following a recommendation by the Nevada Gaming Control Board. Gary Carano, executive chairman of the Caesars Entertainment Board, is part of the partnership called Sun Valley Casino, of which Pegram is the managing partner.
Pegram is seeking a slot-only license for Hobey’s that’s located in Washoe County. He said he was contacted by the Mandas family, current owners of the property, to gauge if he had an interest in the acquisition…