Cashe Creek VP bets on innovation May 22, 2009
After graduating from the University of Nevada with a degree in business administration, the San Francisco native went to work as a Keno ticket writer at the Cal Neva Resort, Spa o in Reno. From there, he climbed into management, moving to Las Vegas for jobs at the Las Vegas Hilton, New York-New York Hotel o, Harrah's and Binion's Horseshoe, where he was involved with the World Series of Poker. (San Francisco Chronicle -- Entertainment)
No bids at foreclosure auctions for Cal Neva casino at Tahoe Apr 10, 2009
(AP) -- The lender who foreclosed on the Cal Neva Resort at Lake Tahoe has assumed ownership of the hotel-casino once owned by Frank Sinatra after no one offered to buy it at public auctions in California and Nevada. The Los Angeles-based investment group Canyon Partners filed a notice of default against the Cal Neva in December after its owner, Namcal LLC, defaulted on a $26. (KRNV.com, NV)
Business briefs: Kaiser to lay off 70 workers Apr 9, 2009
Lender takes ownership of Tahoe's Cal Neva Resort ... -- The lender who foreclosed on the Cal Neva Resort at Lake Tahoe has assumed ownership of the hotel-casino once owned by Frank Sinatra after no one offered to buy it at public auctions in California and Nevada. (Fresno Bee)
Tahoe casino once owned by Sinatra set to sell Mar 21, 2009
Because the Cal Neva Resort, Spa and Casino straddles the California-Nevada line, sales are scheduled that day in both Reno and Roseville, Calif. In December, the lender, Delaware-based Canpartners, filed a notice of default against the resort's current owner, Namcal. (KRNV.com, NV)
Tahoe casino tied to Sinatra to be sold Mar 21, 2009
Because the Cal Neva Resort, Spa and Casino straddles the California-Nevada line, separate auctions that day in Reno and Roseville, Calif. are listed on the trustees notice. (KLAS-TV)
Tahoe's Cal Neva going into receivership Feb 20, 2009
(AP) - Management of the Cal Neva Resort Spa Casino at Lake Tahoe is being taken over by a court-appointed receiver until its current owner pays back a $25 million loan or the resort once owned by Frank Sinatra is sold at a foreclosure sale. The Delaware-based Canpartners loaned the $25 million to the owner, Namcal, in November 2007 with the hotel-casino property put up as collateral. (KLAS-TV)
