Stateline Casinos Will Soon See More Paid Parking

Visitors to casinos in South Tahoe, Nevada will endure more paid parking as the city moves toward opening the South Tahoe Events Center early next year.

Lake Tahoe
Harrah’s Lake Tahoe, seen above. Casinos are required to charge for parking due to the opening of an events center. (Image: Tahoe Daily Tribune)

The Tahoe Regional Planning Agency (TRPA) is mandating gaming companies operating in the casino corridor implement parking fees related to permitting guidelines for the events center. Patrons disdain casino parking costs – that’s widely known across the gaming industry. To that end , TRPA is offering a microtransit service that’s scheduled to come online in summer 2023.

During peak times of visitation, Tahoe’s roads clog with traffic and parking demands exceed capacity at recreation sites. This seasonal influx of motorists has consequences for the environment, for local communities and their mobility, and for air and water quality,” according to TRPA.

Bottom line: The casino parking fees aim to deter locals and visitors from driving to the gaming venues. That’s in an effort to reduce vehicle miles driven, while the microtransit offering provides an environmentally friendly alternative to get patrons to their casino of choice.

The microtransit is free and the city is currently using a similar program on the North Shore. Users request rides via apps, similar to Lyft and Uber.

Some Operators Already Responding

While the events center isn’t scheduled to open until early 2023, and the microtransit plan won’t go into effect for more than a year, some gaming venues are already charging for parking.

That group includes Harrah’s Harvey’s Lake Tahoe Hotel & Casino — both of which are operated by Caesars Entertainment. In 2019, Caesars put $41 million into enhancing Harvey’s. That project included refreshing all of the nearly 520 rooms in the Lake Tower, the addition of balcony suites, and a new lounge area near the casino.

The Tahoe Daily Tribune reports Bally’s and Hard Rock aren’t yet charging for parking, but it’s likely the two will join that party this summer. Because of construction, Bally’s is currently down 500 parking spots.

That venue was previously known as the MontBleu Resort Casino. It was sold in 2020 to Bally’s, then known as Twin River Worldwide Holdings. That was part of Eldorado Resorts’ effort to downsize its Northern Nevada portfolio to allay regulatory concerns pertaining to that operator’s takeover of Caesars.

Balancing Act for Lake Tahoe Region

Whether for gaming and outdoor activities, tourism is the primary economic driver for Lake Tahoe — a region that prides itself on environmental sustainability efforts.

“The Lake Tahoe Region is a uniquely complex transportation planning landscape. Visitation from outside the Region is the main driver of the Lake Tahoe Region’s $5 billion annual economy, based largely on seasonal tourism and outdoor recreation. But it also puts metropolitan-level travel demands on the Region’s limited and largely rural transportation system,” adds TRPA.

All Lake Tahoe casinos are on the Nevada side of the lake.

Todd Shriber
Todd Shriber Financial Reporter

Todd Shriber is a senior news reporter covering gaming financials, casino business, stocks, and mergers and acquisitions for Casino.org.

Todd got his start in financial markets as a reporter with Bloomberg News. Later, he became a trader at a Southern California-based long/short hedge fund, where he specialized in the trading sector and international ETFs leading up to and during the financial crisis. He joined Casino.org in 2019.

Currently, Todd analyzes, researches, and writes on ETFs for various web-based publications and financial services firms. Shriber has been featured and quoted in Barron's, CNBC.com, and The Wall Street Journal. His work can also be found on Benzinga, ETF Daily News, ETF Trends, MarketWatch, Fox Business, and Nasdaq.com.

He currently resides in Las Vegas, where he enjoys golf and taking his black lab to the dog park. He's also an avid sports fan and likes to wager on college football and the NBA. You can also find him at the three-card poker and roulette table, even though he knows better.

Contact Todd at todd.shriber@casino.org.

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  • SL
    Steven Lovingier May 16, 2022
    I grew up here. I suggest a lot more entry and exit gates at your new parking slot machines! The casinos parking lots suck now! … I grew up here. I suggest a lot more entry and exit gates at your new parking slot machines! The casinos parking lots suck now! Especially if you want to get out on a busy night or day. Really poor planning. Hope there is never an emergency because it’s a disaster waiting to happen. Whoever came up with the idea is really short on thought. Absolutely sucks having to pay to park. But even worse is when you can’t get out. If you plan on the event center. Plan on exit. Super sad what this small mountain community came to. Would love to see some actual good ideas that work for the community and not your pockets.
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