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CAL - NEVA LODGE - NORTH LAKE TAHOE, NEVADA-RARE - 0.00 - ENCASED CASINO CHIP

$ 34.32

Availability: 100 in stock
  • Theme: Casino
  • Modified Item: No
  • Country/Region of Manufacture: United States
  • All returns accepted: ReturnsNotAccepted
  • Condition: Condition is as follows: This wonderful piece of Cal-Neva casino Memorabilia , is in nice used condition! Displays some light scratches to both sides of the Casing. There is small issue to the acrylic edge about one half inch below the key holder. Please take a look at the provided Photographs, for a better perspective of the description.

    Description

    FOR  YOUR  CONSIDERATION:
    A VINTAGE -
    ENCASED 0.00 CASINO CHIP
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    CAL-NEVA LODGE
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    NORTH LAKE TAHOE, NEVADA
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    This auction is for a wonderful vintage: Cal-Neva Lodge-"
    Encased Cal-Neva Casino 0.00 Chip."
    Just a bit of Information on the: Cal-Neva Lodge
    Cal Neva Resort & Casino
    , previously known as the Calneva Resort and Cal-Neva Lodge, is a
    resort
    and
    casino
    straddling the border between
    Nevada
    and
    California
    on the shores of
    Lake Tahoe
    . The original building was constructed in 1926, and became famous when the national media picked up a story about actress
    Clara Bow
    cancelling
    checks
    she owed to the Cal-Neva worth ,000 in 1930 (9,000 today).
    After burning down in a fire in 1937, the structure was rebuilt in only 30 days. In 1960, entertainer
    Frank Sinatra
    purchased the Resort alongside
    Dean Martin
    and Chicago mobster
    Sam Giancana
    .
    Under Sinatra, the Celebrity Room was added alongside a
    helipad
    and it opened year round. His ownership gradually increased over the following two years until he owned 50 percent outright. But Giancana's attendance at the property first provoked a rift between Sinatra and share holder
    Hank Sanicola
    , and later resulted in Sinatra's gambling license being suspended by the
    Nevada Gaming Control Board
    . Sinatra initially leased the property to
    Jack L. Warner
    and later in 1968 to a group of investors. It passed through the hands of a series of investment groups until 1976 when it was bought by
    Kirk Kerkorian
    . The property closed for renovations in 2013 and has not reopened since.
    Larry Ellison
    purchased the property out of bankruptcy in 2018.
    Early period
    :
    The Cal-Neva Lodge was built in 1926 by real estate developer Robert P. Sherman.
    Canadian Army
    Colonel H. H. Betts went missing from his room at the Cal-Neva in 1929; his body was found over a year later some five miles away from the hotel. The lodge was first made nationally famous later that year when actress
    Clara Bow
    cancelled
    checks
    owed to the casino worth ,000; she claimed that she had believed that the chips she was using while playing
    blackjack
    were worth 50 cents when they were actually valued at 0.
    A group of investors bought the Cal-Neva in 1935, and recruited William "Bones" Remmer to act as its president and the
    pit manager
    of the casino. That year a 13-year-old
    Judy Garland
    performed at Cal-Neva for the first time. The original building burned down in 1937, causing 0,000 worth of damage; the incident was thought to have been
    arson
    but no charges were ever brought. The reconstruction effort took 30 days, with 500 men working on the project. State legislation was changed shortly afterwards to allow gambling. After being purchased by developer Norman Blitz, it became one of Nevada's earliest legalized casinos. Rumors abounded that the owners of the lodge intended to put a gambling boat on the lake.
    Ownership by Frank Sinatra
    :
    Frank Sinatra
    first visited Cal Neva in 1951; his trip made the national press as he overdosed on sleeping pills and this was reported to the local sheriff. Sinatra continued to frequent the lodge; on one occasion, he played a
    jam session
    with
    big band
    leader
    Harry James
    and actress and singer
    Betty Grable
    . Sinatra publicly bought the resort in 1960 through his company, Park Lake Enterprises.
    Initially, he owned 25 percent of the property with
    Hank Sanicola
    and
    Paul "Skinny" D'Amato
    who each held 13 percent. Other smaller shareholders included
    Dean Martin
    . Chicago mobster
    Sam Giancana
    was said to be a silent partner in the business; D'Amato acted as Giancana's man. Sinatra gradually expanded his ownership of the casino; by 1962 he owned more than 50 percent share, with Sanicola holding 33 percent and Sanford Waterman owning the remaining shares.
    The shareholders decided to open the property year-round; it had only previously opened for the summer season. Sinatra built the Celebrity Room Theater and installed a helicopter pad on the roof. He re-utilized
    Prohibition
    -era smuggling tunnels beneath the property to allow mob members to move around the property without being seen by the public. One led from near the main building to his private chalet overlooking Lake Tahoe.
    The
    FBI
    already had the lodge under investigation at the time due to the connection to
    Joseph P. Kennedy, Sr.
    , who was staying there at the time that Sinatra's deal was finalized. There were concerns that Kennedy was involved in the arrangement of a casino for use by the
    American Mafia
    .
    The FBI suspected that the expansion was made using funds borrowed from
    Jimmy Hoffa
    . Following a request by
    Robert F. Kennedy
    , who had concerns over the press coverage of his and his brother's relationships with
    Marilyn Monroe
    , Sinatra made accommodation available for her for a weekend prior to her death on August 4, 1962. During this period she was not allowed to leave and only Giancana was allowed to visit her. Even her former husband,
    Joe DiMaggio
    , was turned away. She attempted suicide through a pill overdose, but she contacted the reception desk, and was rushed to hospital where she had her stomach pumped. This cabin, known as Monroe's, is still part of the guest accommodations, as is another known as Sinatra's. Also that year, a federal investigation took place into a prostitution ring being run from the foyer of the Cal Neva.
    Condition is as follows:  This wonderful piece of Cal-Neva casino
    Memorabilia
    , is in nice
    used condition!
    Displays some ever-so-
    light
    scratches to both sides of the Casing.
    Approximate dimensions are as follows: 2" in circumference.
    Please take a look at the provided Photographs for a better view of the description.
    PLEASE READ
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    T
    hank
    Y
    ou