Harrah’s Casino in Reno to Be Sold, Closed After 82 Years

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Harrah’s Reno Hotel and Casino will close after Caesars Entertainment Corp. CZR +1.18% said it agreed to sell the property for $50 million to a real-estate developer, which will turn it into a nongambling resort. The change of business plan highlights the growing challenges facing traditional gambling operators. The 82-year-old…