STATELINE, Nev.—The Horizon Casino Resort at Stateline will close April 1 for multi-million-dollar renovations.

Brothers Jon and David Park of Neva One LLC, which recently acquired the property, say they want to bring the 539-room hotel and casino up to current standards.

The resort on Lake Tahoe's south shore opened as Del Webb's Sahara Tahoe in 1965.

Neva One gave no indication when the Horizon would reopen, saying additional plans for the property and a timeline regarding the renovation would be announced in coming weeks.

The company says current employees will have a chance to meet with Nevada JobConnect regarding other employment opportunities in the Lake Tahoe area.