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Reno’s Gold ‘N Silver Inn reopens under new management

Longtime owner Jeffry Paine has left and transferred the operations of Gold ‘N Silver Inn to new owner Jacobs Entertainment.

This month marks the end of an era for one of Reno’s longtime eateries, as the Gold ‘N Silver Inn officially changes hands.

Gold ‘N Silver Inn will reopen Thursday without former owner Jeffry Paine at the helm.

Paine stepped down at the end of April to make way for new owner Jacobs Entertainment, which exercised its option to take over the property in January – exactly one year after it purchased the Gold ‘N Silver Inn from Paine.

A new beginning for the Gold ‘N Silver Inn

Jacobs’ takeover of the Gold ‘N Silver Inn initially raised concerns that the property would be demolished.

Jacobs Entertainment, which also owns the J Resort hotel-casino, is in the midst of an acquisition along Reno’s West Fourth Street corridor as part of the Reno Neon Line district project. However, CEO Jeff Jacobs assured in January that his company will keep the restaurant open.

“We are very excited to take over operations of The Gold ‘N Silver in the coming months and look forward to continuing the legacy of Jeff Paine and his team,” Jacobs said at the time.

“We plan to continue operating the restaurant without any significant changes for the foreseeable future.”

The former owner plans to become a regular at the Gold ‘N Silver Inn

The change in ownership marks the first time in 35 years that the Gold ‘N Silver Inn will be without Paine.

Although leaving the restaurant is bittersweet, Paine said he isn’t getting any younger and felt it was time to retire. Paine was also pleasantly surprised by Jacobs’ decision to keep the Gold ‘N Silver open.

“(Jacobs) looked at me a little funny and said, ‘Well, we’re just going to transfer,’” Paine said in January. “I said, ‘transition?’ And he said, ‘Yes, we’ll just leave things as they are.’

Paine provided his own surprise on his last day by giving his employees thank you checks based on their length of service.

“I am still coming in as a ‘customer’ and will be happy to see those of you who have chosen to stay at the Gold ‘N Silver Inn,” Paine wrote in a letter to employees.

“I will be forever grateful to everyone who has ever been with me. I can’t thank you all enough.”