In Nevada, after nearly four years of being up for sale, the Fitzgeralds Casino-Hotel located in downtown Reno finally has a buyer.

A family run business by the name of LLH Holdings of New Jersey, a company that was basically created only for the purpose of buying the 351 room Reno casino and hotel, signed official paperwork Friday to buy the resort for a reported $9.9 million.

The new owners are planning to run the business themselves. It is said that the operation will be headed by Wolf Lichten, 60, and his son, David, 39. Both father and son are still currently working at the Tropicana Casino and Resort in Atlantic City, New Jersey. Wolf Lichten is Senior Vice President, and his son David is Vice President of Marketing.

Shortly after they filed for bankruptcy protection in December 2000, Fitzgeralds Gaming Corp. has been for sale. In August 2003, the casino's creditors took complete ownership of the property and have been running it since then.

The new owners are now planning on moving to the Reno area permanently about the same time the sale becomes official. Although father and son have been in the gaming business for some time, Wolf has worked for Donald Trump, and have much experience, Fitzgeralds will be the first casino they have ever owned.

The deal must still be approved by a bankruptcy judge as well as the Nevada Gaming Control Board. It is also noted that the Lichten family plans to retain the same name for the hotel and casino that is located right next to the Reno Arch in downtown. In fact, Wolf states that even the employees will stay on board with no major changes being made as far as they are concerned.