RENO — The Silver Club in Sparks went up for a foreclosure auction Wednesday on the chilly downtown courthouse steps in Reno. Northern Nevada Asset Holdings (NNAH) started the bidding at $2.5 million.

Going once. Silence.

Going twice. Silence.

Going three times … the bidding was over and NNAH officially owned the Silver Club.

NNAH of Colorado Springs, Colo. held the $33 million note owed by former Silver Club title-holder Hal Holder. When Holder defaulted on the $33 million, NNAH foreclosed on the property in November. The foreclosure followed a June Chapter 11 bankruptcy filing by Holder, putting six of his Nevada casinos in jeopardy.

And while many of Holder’s casinos are still operating, the future of the shuttered Sparks Silver Club and its former 260 employees is still uncertain after Wednesday’s purchase.

“We don’t have any plans,” NNAH manager Tom Reinhard said. “We didn’t know until today if we would own it.”

However, 777 Gaming Inc. out of Las Vegas has gaming licenses approved for the Sparks property through both the Nevada Gaming Control Board and city of Sparks.

According to Reinhard, 777 is currently shoring up operations at Holder’s other six properties with NNAH’s backing. Those properties have also been issued foreclosure notices.

“So that the other jobs at the other properties are preserved,” Reinhard said when asked why 777 was involved.

The Las Vegas company has no northern Nevada offices, but is currently operating all the current and former Holder properties, Reinhard said.

In the meantime, Holder Hospitality Group is moving out and regrouping.

According to Holder president Brian Boylan, after the Silver Club closed operations Holder Hospitality continued to operate its corporate offices on the top floor of the vacant casino. Now, the group of about 15 employees is moving out to office space in south Reno.

Boylan said that they are moving the last of their servers and office equipment out of the defunct downtown casino, which should remain essentially vacant for a while.

However, in order to keep its gaming license up and running, the closed Silver Club casino opened its doors to gambling for eight hours Tuesday. The casino operated one slot machine and a blackjack table from 6 a.m. to 2 p.m. to comply with a state law that requires eight hours of operation each quarter to maintain a license. A spokesperson told the Associated Press that at least one customer played.