Previous Pages, January 24th, 2011: Well-known Cal Neva On line casino about to reopen amid monetary issues

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PUBLISHER'S NOTE: Each week in 2021, we'll be releasing snippets of stories published a decade ago to give readers a 10-year perspective of business news in the area. This week's stories were first published in the January 24, 2011 issue of NNBW. The web versions are linked below.

The cover of the January 24, 2011 issue of Northern Nevada Business Weekly.
NNBW

Tahoes Cal Neva Casino reopens

The clink of coins, the singing of slot machines, and the screams of joy and dejection should be coming back from the Cal Neva Resort, Spa & Casino soon as the operators of the historic site plan plan to reopen its casino, officials have confirmed.

The once wealthy Crystal Bay property, owned by Frank Sinatra in its heyday and frequented by the likes of Rat Pack and Marilyn Monroe, closed its casino in April after being in the red for three years.

"As many of you know, Cal Neva Casino has lost money since the day Luna opened it in January 2007," wrote Jim Oegema, president of Luna Entertainment, which ran the casino, almost a year ago in a memo to the employees. "The only reason the casino has stayed open for the past three years is because the owner of Luna raised funds for the casino to pay for its operating costs."

Emily Heidt, spokeswoman for Canyon Capital Realty Advisors – the owner of the resort – confirmed that the casino is expected to open in early February.

Eric Dale, general manager of Baldini's Sports Casino in Sparks, said last week he would oversee gaming operations at Cal Neva.

– Page 1 by Matthew Renda

Big spotlight finds humble sparks stuck

Rob Valceschini had to buy a new suit this month. After all, when you're in the limelight with senior politicians and professionals from the US and China, you can't show up in the jeans and boots that spark in the humble offices of Applied Soil Water Technologies LLC.

While the company's presence in a nondescript industrial building in a strip building on East Glendale Avenue is far from flashy, the company's big dreams got a big boost last week with the formal signing of a contract with a Chinese company to build remodeling facilities Municipal waste to energy.

ASW will bring its expertise in landfill approval and planning to the business. Shanghai Shengong Environmental Protection Co. Ltd. brings shiploads of capital into the business – as does the waste energy technology he developed.

– Page 1, by John Seelmeyer

By expanding into the electrolytic capacitor area, test facilities can increase their income

The surge in mining and geothermal exploration in Nevada has helped Western Environmental Testing Laboratories (WETLAB) grow from a modest five employees in 2002 to 28 employees today.

The expansion into the Elko area and the expansion of the Sparks plant to include areas have also helped the company achieve significant sales increases since 2007, says company president Michelle Sherven.

Western Environmental Testing was growing 20 to 25 percent annually until it saw a larger increase three years ago when employees were hired and the small Elko office on Lamoille Highway opened.

The company began testing Elko's municipal water supply for inorganic contaminants and wastewater in 2007 to ensure that the treated wastewater meets federal standards. The Elko facility serves primarily as an inlet hub for soil and water samples collected by Western Environmental customers across Elko County.

"It really allowed us to get into some of these remote areas and bridge the gap between Reno and Elko," says Sherven.

– Page 6 by Rob Sabo