Friday, April 02, 2010

The last ring-a-ding: Frank Sinatra's Cal-Neva casino folds

"Marilyn Monroe spent her final weekend there in August 1962 before she died of a drug overdose in Los Angeles.


"This was one of the hottest casinos in Nevada when Frank owned it. Frank had all the stars coming in and out of here, and it was always packed with people. I think the history is what keeps the Cal Neva going."


(Sinatra had to divest his ownership stake when his gambling license was stripped away because the notorious mobster Sam "Momo" Giancana was spotted on the premises.)

I brought this reader comment up to the main page:

"This story is actually a bit dramatic for the actual circumstances. The hotel remains open, but the property owners ended their relationship with the casino operator and are looking for a new one. They expect it to reopen by year end.

Story here.

I travel to that area often, and have visited the CalNeva on a few occasions. The casino is small (approx 5,000 sqft). Yes, the gambling industry in Tahoe is hurting, but the CalNeva is suffering because it been a dump for nearly 20 years; the former owners never re-invested a dime in basic upkeep. The good news is that it sits on prime real estate and the right buyer can turn it around easy."


1 comment:

  1. This story is actually a bit dramatic for the actual circumstances. The hotel remains open, but the property owners ended their relationship with the casino operator and are looking for a new one. They expect it to reopen by year end.

    http://www.tahoedailytribune.com/article/20100326/NEWS/100329834

    I travel to that area often, and have visited the CalNeva on a few occasions. The casino is small (approx 5,000 sqft). Yes, the gambling industry in Tahoe is hurting, but the CalNeva is suffering because it been a dump for nearly 20 years; the former owners never re-invested a dime in basic upkeep. The good news is that it sits on prime real estate and the right buyer can turn it around easy.

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