<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>Tahoe Biltmore (Crystal Bay, NV) &#8211; Gambling-History.com</title>
	<atom:link href="https://gambling-history.com/category/casinos-gambling-saloons-card-clubs-slot-routes-wire-services-hotels-racetracks-racinos/tahoe-biltmore-crystal-bay-nv/feed/" rel="self" type="application/rss+xml" />
	<link>https://gambling-history.com</link>
	<description>History of Gambling in the U.S.</description>
	<lastBuildDate>Wed, 11 Mar 2026 19:49:48 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.9.4</generator>

<image>
	<url>https://gambling-history.com/wp-content/uploads/2021/01/cropped-Kings-Castle-Chip-32x32.png</url>
	<title>Tahoe Biltmore (Crystal Bay, NV) &#8211; Gambling-History.com</title>
	<link>https://gambling-history.com</link>
	<width>32</width>
	<height>32</height>
</image> 
	<item>
		<title>10 Intriguing Facts About Mob Tied Gambler Sam Termini</title>
		<link>https://gambling-history.com/10-intriguing-facts-about-mob-tied-gambler-sam-termini/</link>
					<comments>https://gambling-history.com/10-intriguing-facts-about-mob-tied-gambler-sam-termini/#respond</comments>
		
		<dc:creator><![CDATA[Doresa Banning]]></dc:creator>
		<pubDate>Wed, 09 Mar 2022 09:00:02 +0000</pubDate>
				<category><![CDATA[California]]></category>
		<category><![CDATA[Casino History California]]></category>
		<category><![CDATA[Casino History Nevada]]></category>
		<category><![CDATA[Casino History U.S.]]></category>
		<category><![CDATA[Charles Binaggio]]></category>
		<category><![CDATA[Colma--California]]></category>
		<category><![CDATA[Crimes / Violence / Punishments: Tax Evasion]]></category>
		<category><![CDATA[Elmer "Bones" F. Remmer]]></category>
		<category><![CDATA[Emilio "Gombo" Georgetti]]></category>
		<category><![CDATA[Gambler (Operators/Players): Cemeteries Buried In: Mountain View Cemetery]]></category>
		<category><![CDATA[Gambling History]]></category>
		<category><![CDATA[Gambling History California]]></category>
		<category><![CDATA[Gambling History Nevada]]></category>
		<category><![CDATA[Gambling History U.S.]]></category>
		<category><![CDATA[Gambling: Illegal]]></category>
		<category><![CDATA[Gaming History]]></category>
		<category><![CDATA[Horseshoe Club / Binion's Gambling Hall & Hotel (Las Vegas, NV)]]></category>
		<category><![CDATA[It Really Happened]]></category>
		<category><![CDATA[Kansas City--Missouri]]></category>
		<category><![CDATA[McNeil Island Corrections Center (WA)]]></category>
		<category><![CDATA[Nevada]]></category>
		<category><![CDATA[Reno--Nevada]]></category>
		<category><![CDATA[Samuel "Sam" F. Termini]]></category>
		<category><![CDATA[San Mateo County--California]]></category>
		<category><![CDATA[Tahoe Biltmore (Crystal Bay, NV)]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[Willow Tree (Colma, CA)]]></category>
		<category><![CDATA[california gambling history]]></category>
		<category><![CDATA[casino history california]]></category>
		<category><![CDATA[casino history nevada]]></category>
		<category><![CDATA[casino history u.s.]]></category>
		<category><![CDATA[it really happened]]></category>
		<category><![CDATA[mobster gambler]]></category>
		<category><![CDATA[nevada gambling history]]></category>
		<category><![CDATA[u.s. gambling history]]></category>
		<guid isPermaLink="false">https://gambling-history.com/?p=8486</guid>

					<description><![CDATA[1928-1972 Samuel &#8220;Sam&#8221; F. Termini (1903-1972) was known as a small-time racketeer who worked at and operated gambling enterprises mostly for others. Here are 10 interesting tidbits about him and his life: Gambling History 1) Termini was associated with Kansas City Mobster Charles Binaggio. Born and raised in Missouri, Termini had worked for Binaggio before [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><img fetchpriority="high" decoding="async" class="size-full wp-image-8489 aligncenter" src="https://gambling-history.com/wp-content/uploads/2022/03/Nevada-Gambling-History-Sam-Termini-gravesite-Mountain-View-Cemetery-Reno-NV.jpg" alt="Grave marker photo of Mobster Gambler Sam Termini" width="423" height="200" /></p>
<p><span style="color: #000000;"><u>1928-1972</u></span></p>
<p><span style="color: #000000;"><strong>Samuel &#8220;Sam&#8221; F. Termini</strong> (1903-1972) was known as a small-time racketeer who worked at and operated gambling enterprises mostly for others.</span></p>
<p><span style="color: #000000;">Here are 10 interesting tidbits about him and his life:</span></p>
<h6>Gambling History</h6>
<p><span style="color: #000000;"><strong>1)</strong> Termini was associated with <strong>Kansas City Mobster <span style="color: #ffcc00;"><a style="color: #ffcc00;" href="https://en.wikipedia.org/wiki/Charles_Binaggio" target="_blank" rel="noopener">Charles Binaggio</a></span></strong>. Born and raised in <strong>Missouri</strong>, Termini had worked for Binaggio before moving to California in 1939 and was one of his godsons.</span></p>
<p><span style="color: #000000;"><strong>2)</strong> Termini became involved in gambling in Kansas City, Missouri, where, reportedly, he owned and operated some type of business at 404 Independence Avenue where he offered illegal gambling</span></p>
<p><span style="color: #000000;">In <strong>Northern California</strong>, Termini managed the illegal gambling at the <strong>Willow Tree</strong> in <strong>Colma</strong> (San Mateo County), co-owned by Mobsters <strong>Emilio Giorgetti</strong> and <span style="color: #ffcc00;"><a style="color: #ffcc00;" href="https://gambling-history.com/10-intriguing-facts-about-gambling-kingpin-bones-remmer/" target="_blank" rel="noopener"><strong>Elmer &#8220;Bones&#8221; F. Remmer</strong></a></span>. He held this job from 1942 until the sheriff closed the club in 1947. Also, Termini owned a 10 percent interest in the operation.</span></p>
<p><span style="color: #000000;">Subsequently, in the same county, Termini, using the alias <strong>Sam Murray</strong>, rented some space in the Silver Saddle tavern-café, in which he debuted and ran the <strong>Skyline Club</strong> in <strong>Redwood City</strong>. The illegal gambling there included craps and blackjack.</span></p>
<p><span style="color: #000000;">Termini leased and managed the gambling concession at the <strong>Tahoe-Biltmore</strong> in <strong>Crystal Bay, Nevada </strong>during the warm weather season of 1949.</span></p>
<p><span style="color: #000000;">Starting around the mid- to late 1950s (see No. 9), Termini worked as a pit boss at the <strong>Horseshoe Club</strong> in <strong>Las Vegas, Nevada</strong>. At the time, his former associate Giorgetti owned it.</span></p>
<p><span style="color: #000000;"><strong>3)</strong> When Termini ran legal gambling at the Tahoe-Biltmore, Binaggio visited the financially troubled property and decided to bankroll his godson in what was to be &#8220;the biggest gambling joint west of the Rockies,&#8221; reported the California crime commission in its 1953 report. However, the assassination of Binaggio on April 6, 1950 ended the plan.</span></p>
<p><span style="color: #000000;"><strong>4)</strong> Police busted Termini for illegal gambling in 1928 at his Kansas City establishment and fined $25 (about $410 today).</span></p>
<h6>Custom Home</h6>
<p><span style="color: #000000;"><strong>5)</strong> Termini had a custom home built for him and his family in <strong>Hillsborough</strong>, California. Constructing a home at the time, in 1946, required veteran&#8217;s priority, which Termini didn&#8217;t have. So he transferred title of his property and obtained building permits for it in the name of a nephew, a World War II veteran living in Missouri, Jesse LaBoi. This was illegal.</span></p>
<p><span style="color: #000000;"><strong>6)</strong> Once completed, Termini&#8217;s home was an impenetrable fortress. A heavy electronic fence surrounded the property and was controlled from an underground room. This barrier was equipped with a ring of electric eyes linked to an alarm and motion activated floodlights. Gates allowed for entry but only through controls on the Terminis&#8217; cars or by telephoning an unlisted number. The door to the wine cellar was armor plated. An house-wide intercom allowed Termini to hear any and all conversations taking place anywhere inside the home.</span></p>
<h6>Suits Against Him</h6>
<p><span style="color: #000000;"><strong>7)</strong> In 1951, the general contractor and the architectural firm that built and designed Termini&#8217;s house, respectively, sued him. The former asked for $103,000 ($1.1 million. The latter asked for $16,000 ($107,000 today). Both amounts were the unpaid balances owed them for their services. The case went to trial, and jurors ruled only in favor of Marshall. They awarded him $126,523 ($1.4 million), including interest and court costs.</span></p>
<p><span style="color: #000000;"><strong>8)</strong> The federal government tried Termini in 1952 for under-reporting his and his wife&#8217;s income and underpaying the amount of federal income taxes they owed. The years for which he was charged were between 1945 and 1949 for his taxes and 1945 and 1947 for hers. Termini was found guilty of tax evasion in the amount of about $92,000 ($976,000 today). The judge sentenced him to three years in federal prison and a fine of $20,000 ($212,000 today).</span></p>
<h6>Last 20 Years</h6>
<p><span style="color: #000000;"><strong>9)</strong> For the tax evasion, Termini spent three years in the <strong>McNeil Island Federal Penitentiary</strong>. After getting released, he reportedly lived and worked in Las Vegas. Eventually, he moved to <strong>Reno, Nevada</strong>.</span></p>
<p><span style="color: #000000;"><strong>10)</strong> Termini passed away on June 12, 1972 at age 69 in Reno. His body was interred at <strong>Mountain View Cemetery</strong>.</span></p>
<p><a href="https://gambling-history.com/sources-10-intriguing-facts-about-mob-tied-gambler-sam-termini/" target="_blank" rel="noopener"><span style="color: #ffcc00;">Sources</span></a></p>
]]></content:encoded>
					
					<wfw:commentRss>https://gambling-history.com/10-intriguing-facts-about-mob-tied-gambler-sam-termini/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Two Lake Tahoe Hotel-Casinos Sold in 2021</title>
		<link>https://gambling-history.com/two-lake-tahoe-hotel-casinos-sold-in-2021/</link>
					<comments>https://gambling-history.com/two-lake-tahoe-hotel-casinos-sold-in-2021/#respond</comments>
		
		<dc:creator><![CDATA[Doresa Banning]]></dc:creator>
		<pubDate>Fri, 15 Oct 2021 08:00:00 +0000</pubDate>
				<category><![CDATA[Casino History]]></category>
		<category><![CDATA[Crystal Bay--Nevada]]></category>
		<category><![CDATA[Gambling History]]></category>
		<category><![CDATA[Gaming History]]></category>
		<category><![CDATA[Hyatt Lake Tahoe / Hyatt Regency Lake Tahoe (Incline Village, NV)]]></category>
		<category><![CDATA[Incline Village--Nevada]]></category>
		<category><![CDATA[It Really Happened]]></category>
		<category><![CDATA[Nevada]]></category>
		<category><![CDATA[Tahoe Biltmore (Crystal Bay, NV)]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[casino history]]></category>
		<category><![CDATA[gambling history]]></category>
		<category><![CDATA[gaming history]]></category>
		<category><![CDATA[history of gambling]]></category>
		<category><![CDATA[history of gaming]]></category>
		<category><![CDATA[nevada historyt]]></category>
		<guid isPermaLink="false">https://gambling-history.com/?p=8040</guid>

					<description><![CDATA[Acquisitions in the same month of two hotel-casinos near one another at Lake Tahoe in Northern Nevada is anomalous and newsworthy. Hyatt Regency Lake Tahoe Resort, Spa and Casino (Incline Village, NV) Hyatt Hotels Corp., which owned the Hyatt Regency Lake Tahoe since 1975, sold it for $345 million in September 2021 to Larry Ellison. [&#8230;]]]></description>
										<content:encoded><![CDATA[
<p><span class="has-inline-color has-dark-strong-color" style="color: #000000;">Acquisitions in the same month of two hotel-casinos near one another at Lake Tahoe in Northern Nevada is anomalous and newsworthy.</span></p>
<p><span style="color: #000000;">

</span></p>
<h6 class="wp-block-heading"><span style="color: #000000;">Hyatt Regency Lake Tahoe Resort, Spa and Casino (Incline Village, NV)</span></h6>
<p><span style="color: #000000;">

</span></p>
<div class="wp-block-group"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow"><span style="color: #000000;"></span>
<p class="has-dark-strong-color has-text-color"><span class="has-inline-color has-dark-strong-color" style="color: #000000;">Hyatt Hotels Corp., which owned the <a style="color: #000000;" href="https://www.hyatt.com/en-US/hotel/nevada/hyatt-regency-lake-tahoe-resort-spa-and-casino/tvllt" target="_blank" rel="noreferrer noopener">Hyatt Regency Lake Tahoe</a> since 1975, sold it for $345 million in September 2021 to Larry Ellison. He&#8217;s best known for co-founding and serving as the chief technology officer of computer technology corporation, Oracle. His investment company is Lawrence Investments LLC.</span></p>
<span style="color: #000000;">

</span>
<p><span class="has-inline-color has-dark-strong-color" style="color: #000000;">Ellison also owns the Cal-Neva Lodge in Crystal Bay, having rescued it from bankruptcy at a cost of $35.8 million in 2017. Two years later, he announced plans to completely renovate and reopen the property, perhaps as a Nobu hotel. That hasn&#8217;t happened yet.</span></p>
<span style="color: #000000;">

</span>
<p><span class="has-inline-color has-dark-strong-color" style="color: #000000;">One wonders what he has in mind for the Hyatt property.</span></p>
<span style="color: #000000;">

</span>
<p class="has-dark-strong-color has-text-color"><span style="color: #000000;"><span class="has-inline-color has-dark-strong-color">This latest acquisition of the Hyatt Regency Lake Tahoe is the sixth time this Incline Village hotel-casino property changed owners. Lots more about this property&#8217;s early history, between 1951 and 1975, can be found in the book, </span><span style="color: #ffcc00;"><a style="color: #ffcc00;" href="https://gambling-history.com/a-bold-gamble-at-lake-tahoe/"><em><span class="has-inline-color">A Bold Gamble at Lake Tahoe: Crime and Corruption in a Casino&#8217;s Evolution</span></em></a></span><span class="has-inline-color has-dark-strong-color">.</span></span></p>
</div></div>



<figure class="wp-block-image size-full"><img decoding="async" class="wp-image-8041 aligncenter" src="https://gambling-history.com/wp-content/uploads/2021/10/Gambling-History-Hyatt-Regency-Lake-Tahoe-Resort-Spa-and-Casino.png" alt="" /></figure>



<p class="has-large-font-size"> </p>



<h6 class="wp-block-heading">Tahoe Biltmore (Crystal Bay, NV)</h6>



<div class="wp-block-group"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow">
<div class="wp-block-group"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow">
<div class="wp-block-group"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow">
<div class="wp-block-group"><div class="wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow">
<p class="has-dark-strong-color has-text-color"><span class="has-inline-color has-dark-strong-color" style="color: #000000;">Also last month, the 75-year-old <strong><a style="color: #000000;" href="https://www.tahoebiltmore.com/">Tahoe Biltmore</a></strong> sold for $56.8 million to Newport Beach, California-based <a style="color: #000000;" href="http://www.ekndevgroup.com/">EKN Development Group</a> and its financial partners, Garn Development and Stack Real Estate. EKN primarily specializes in developing hotels and retail centers.</span></p>
<span style="color: #000000;">

</span>
<p class="has-dark-strong-color has-text-color"><span style="color: #000000;">Today, the Tahoe Biltmore property spans 15 acres and houses a 113-room hotel and casino. This will change, though, if EKN carries out its plans to rebrand and improve the property.</span></p>
<span style="color: #000000;">

</span>
<p class="has-dark-strong-color has-text-color"><span style="color: #000000;">Historically, the real estate development firm branded its new hospitality projects as a Hilton, Hyatt, Intercontinental Hotel Group or Marriott.</span></p>
<span style="color: #000000;">

</span>
<p class="has-dark-strong-color has-text-color"><span style="color: #000000;">As for the expected design, EKN wrote on its website that it will &#8220;accentuate Lake Tahoe&#8217;s unparalleled natural scenery and beauty in an iconic Tahoe-modern project that boasts a luxury hotel, luxury for-sale condominiums, casino, and curated mix-use retail. Additionally, exciting amenities and experiences will be incorporated into the project.&#8221;</span></p>
<span style="color: #000000;">

</span>
<p class="has-dark-strong-color has-text-color"><span style="color: #000000;">While it finalizes its ultimate plans for the Tahoe Biltmore, EKN will keep the business open.</span></p>
<span style="color: #000000;">

</span>
<p class="has-dark-strong-color has-text-color"><span style="color: #000000;">The seller was Boulder Bay LLC, which had owned the property since acquiring it in 2007 for $28.35 million.</span></p>
</div></div>



<p>&nbsp;</p>
</div></div>
</div></div>
</div></div>



<figure class="wp-block-image size-full"><img decoding="async" class="wp-image-8042 aligncenter" src="https://gambling-history.com/wp-content/uploads/2021/10/Gambling-History-Tahoe-Biltmore-Lodge-and-Casino-Crystal-Bay-NV-2021.jpg" alt="" /></figure>



<p><span style="color: #000000;"><em>W<span class="has-inline-color has-dark-strong-color">hat do you think about these acquisitions?</span></em></span></p>
]]></content:encoded>
					
					<wfw:commentRss>https://gambling-history.com/two-lake-tahoe-hotel-casinos-sold-in-2021/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>IRS Swoops Down on Casino Cash</title>
		<link>https://gambling-history.com/irs-swoops-down-on-casino-cash/</link>
					<comments>https://gambling-history.com/irs-swoops-down-on-casino-cash/#respond</comments>
		
		<dc:creator><![CDATA[Doresa Banning]]></dc:creator>
		<pubDate>Wed, 12 Jun 2019 14:54:01 +0000</pubDate>
				<category><![CDATA[Casino History]]></category>
		<category><![CDATA[Casino: Bankruptcies]]></category>
		<category><![CDATA[Casino: Corporations: Club Cal-Neva Inc.]]></category>
		<category><![CDATA[Casino: Corporations: Spinning Wheel Corp.]]></category>
		<category><![CDATA[Clifford Jones]]></category>
		<category><![CDATA[Club Cal-Neva (Reno, NV)]]></category>
		<category><![CDATA[Crimes / Violence / Punishments: Tax Evasion]]></category>
		<category><![CDATA[Earl Snyder]]></category>
		<category><![CDATA[Gambling History]]></category>
		<category><![CDATA[Gaming History]]></category>
		<category><![CDATA[Governing / Regulatory Bodies: Internal Revenue Service]]></category>
		<category><![CDATA[It Really Happened]]></category>
		<category><![CDATA[James "Jim" Contratto]]></category>
		<category><![CDATA[Joe Wells]]></category>
		<category><![CDATA[Marion Hicks]]></category>
		<category><![CDATA[Nevada]]></category>
		<category><![CDATA[Saddle Club (Las Vegas, NV)]]></category>
		<category><![CDATA[Sanford Adler]]></category>
		<category><![CDATA[Silver Palace (Las Vegas, NV)]]></category>
		<category><![CDATA[Tahoe Biltmore (Crystal Bay, NV)]]></category>
		<category><![CDATA[United States]]></category>
		<category><![CDATA[auction]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[cash]]></category>
		<category><![CDATA[casino history]]></category>
		<category><![CDATA[clifford jones]]></category>
		<category><![CDATA[club cal neva]]></category>
		<category><![CDATA[earl snyder]]></category>
		<category><![CDATA[flamingo]]></category>
		<category><![CDATA[gambling history]]></category>
		<category><![CDATA[gaming history]]></category>
		<category><![CDATA[IRS]]></category>
		<category><![CDATA[jim contratto]]></category>
		<category><![CDATA[joe wells]]></category>
		<category><![CDATA[las vegas nevada]]></category>
		<category><![CDATA[marion b. hicks]]></category>
		<category><![CDATA[nevada history]]></category>
		<category><![CDATA[reno nevada]]></category>
		<category><![CDATA[sanford adler]]></category>
		<category><![CDATA[seizure]]></category>
		<category><![CDATA[silver palace]]></category>
		<category><![CDATA[spinning wheel corporation]]></category>
		<category><![CDATA[tahoe biltmore]]></category>
		<category><![CDATA[tax debt]]></category>
		<guid isPermaLink="false">https://gambling-history.com/?p=4195</guid>

					<description><![CDATA[1955-1956 At 9:15 a.m. on Friday, November 11, 1955, eight U.S. IRS agents entered the Club Cal-Neva in Reno, Nevada, demanding payment of $65,000 (about $600,000 today) in overdue withholding and excise taxes. When the money couldn’t be proffered, the feds wired shut the casino doors and emptied all of the tables, cashier cages and [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><span style="text-decoration: underline;"><img decoding="async" class="alignright size-full wp-image-2227" src="https://gambling-history.com/wp-content/uploads/2019/06/Club-Cal-Neva-Reno-Nevada-96-dpi-3-in.jpg" alt="" width="262" height="288" srcset="https://gambling-history.com/wp-content/uploads/2019/06/Club-Cal-Neva-Reno-Nevada-96-dpi-3-in.jpg 262w, https://gambling-history.com/wp-content/uploads/2019/06/Club-Cal-Neva-Reno-Nevada-96-dpi-3-in-136x150.jpg 136w" sizes="(max-width: 262px) 100vw, 262px" /><span style="color: #000000; text-decoration: underline;">1955-1956</span></span></p>
<p><span style="color: #000000;">At 9:15 a.m. on Friday, November 11, 1955, eight <span style="color: #ffcc00;"><a style="color: #ffcc00;" href="https://gambling-history.com/hey-irs-give-em-back/" target="_blank" rel="noopener noreferrer"><strong>U.S. IRS</strong></a></span> agents entered the <strong>Club Cal-Neva</strong> in <strong>Reno</strong>, <strong>Nevada</strong>, demanding payment of $65,000 (about $600,000 today) in overdue withholding and excise taxes. When the money couldn’t be proffered, the feds wired shut the casino doors and emptied all of the tables, cashier cages and slot machines of their money. They collected about $50,000 ($463,000 today), which they applied toward the debt.</span></p>
<p><span style="color: #000000;">The week before, the Internal Revenue Service had seized about $23,000 ($213,000) from Club Cal-Neva Inc.’s bank accounts to satisfy a total tax burden of $88,500 ($818,000). Subsequently, the corporation filed for bankruptcy.</span></p>
<p><span style="color: #000000;">The entity consisted of front man <strong>Sanford Adler</strong>,* <strong>Louis Mayberg</strong>, <strong>Morris Brodsky</strong> and <strong>Charles Resnick</strong>, who’d purchased the former <strong>Club Fortune</strong> (Fordonia Building) in 1947 from <strong>James “Jim” McKay</strong> and <strong>Jack Sullivan</strong> for $250,000 ($2.8 million) and then had spent $500,000 ($5.5 million) on renovating it. They’d opened it on Nov. 20, 1948 as the Club Cal-Neva, where they’d offered 21, craps, roulette, keno and slot machines.</span></p>
<p><span style="color: #000000;">Following the Chapter 11 filing, <strong>James “Jim” Contratto</strong> and five other men acquired the building, physical assets and lease from Club Cal-Neva Inc. Contratto previously had owned a gambling license for the Colony and Palace Clubs in Reno. His new partners were <strong>Robert I. Franks</strong> and <strong>Al Rogell</strong> of <strong>Beverly Hills, California</strong>; <strong>Sam Levy</strong> of <strong>Douglas, Arizona</strong>; <strong>John Callas</strong> of <strong>Huntington, Park, California</strong>; and <strong>Caspar Van Citter</strong> of <strong>Reno, Nevada</strong>. The group reopened the gambling house, keeping the name Club Cal-Neva, on December 2, 1955. The casino boasted four 21 games, one craps game, one roulette wheel and one keno game along with 150 slot machines.</span></p>
<h6><strong><img decoding="async" class="alignright size-full wp-image-1042" src="https://gambling-history.com/wp-content/uploads/2019/06/Silver-Palace-Las-Vegas-Nevada-96-dpi-3-in.jpg" alt="" width="285" height="288" srcset="https://gambling-history.com/wp-content/uploads/2019/06/Silver-Palace-Las-Vegas-Nevada-96-dpi-3-in.jpg 285w, https://gambling-history.com/wp-content/uploads/2019/06/Silver-Palace-Las-Vegas-Nevada-96-dpi-3-in-100x100.jpg 100w, https://gambling-history.com/wp-content/uploads/2019/06/Silver-Palace-Las-Vegas-Nevada-96-dpi-3-in-148x150.jpg 148w" sizes="(max-width: 285px) 100vw, 285px" /><span style="color: #000000;">Replay Down South</span></strong></h6>
<p><span style="color: #000000;">Just over a year later, on Friday, November 30, 1956, at 8:30 a.m., 10 federal revenue agents entered the <strong>Silver Palace</strong> in <strong>Las Vegas</strong>. One announced over the loudspeaker that the 20 or so customers should leave as the casino’s assets were about to be seized. The crew padlocked the doors and confiscated all of the cash from the premises, as the gambling club owners were roughly $77,000 ($638,000) in arrears on payroll taxes.</span></p>
<p><span style="color: #000000;">The <strong>Spinning Wheel Corporation</strong> had invested $1.5 million ($13.7 million today) into the Silver Palace and had opened it only six months earlier, with 160 slot machines, two 21 games, two craps games and a roulette wheel. <strong>Earl Snyder</strong>, a Monterey Park, California contractor, held the majority interest. <strong>Marion B. Hicks</strong>, <strong>Joe Wells</strong> and <span style="color: #ffcc00;"><a style="color: #ffcc00;" href="https://gambling-history.com/vegas-gambler-defies-mandate/" target="_blank" rel="noopener noreferrer"><strong>Clifford Jones</strong></a></span> each had a gambling license for the casino.</span></p>
<p><span style="color: #000000;">In January 1957, IRS agents auctioned off the Silver Palace’s assets, proceeds of which reduced the casino’s tax debt to $38,500 ($340,000). The $87,700 worth of furnishings only brought in $8,745. <span style="color: #ffcc00;"><a style="color: #ffcc00;" href="https://gambling-history.com/quick-fact-crossed-wires/" target="_blank" rel="noopener noreferrer"><strong>The Westerner</strong></a></span> bought the liquor for $6,100. The <strong>Saddle Club</strong> purchased the office equipment for $1,925.</span></p>
<p><span style="color: #000000;">Subsequently, the Spinning Wheel Corp. put up the building for lease.</span></p>
<p><span style="color: #000000;">*In addition to the Club Cal-Neva, Sanford Adler owned/co-owned several casinos at various times, including the <strong>Flamingo</strong> in <strong>Las Vegas</strong> and the <strong>Tahoe Biltmore</strong> in <strong>Crystal Bay</strong> at <strong>Lake Tahoe</strong>.</span></p>
<p><span style="color: #ffcc00;"><a style="color: #ffcc00;" href="https://gambling-history.com/sources-irs-swoops-down-on-casino-cash/" target="_blank" rel="noopener noreferrer">Sources</a></span></p>
]]></content:encoded>
					
					<wfw:commentRss>https://gambling-history.com/irs-swoops-down-on-casino-cash/feed/</wfw:commentRss>
			<slash:comments>0</slash:comments>
		
		
			</item>
	</channel>
</rss>
