Advertisement
YOU ARE HERE: LAT HomeCollectionsAuctions

Business Briefing / Real Estate

Sinatra's former casino goes bust

March 21, 2009|TIMES WIRE REPORTS

A Lake Tahoe casino once owned by Frank Sinatra is to be offered in a foreclosure sale April 8.

Because the Cal Neva Resort, Spa and Casino straddles the California-Nevada border, separate, interrelated auctions will be held that day in Roseville, Calif., and Reno.

The resort's current owner, Namcal, defaulted on a $26.8-million debt to Delaware-based Canpartners in December.

The casino was owned by Sinatra from 1960 to 1963.

Advertisement
Los Angeles Times Articles
|
|
|