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Lake Tahoe Casino has New Owners

25 November 2002

RENO, Nevada -- As reported by the Associated Press: "A company headed by a Reno couple has purchased the shuttered Crystal Bay Club on Lake Tahoe's north shore.

"Miracle Investments LLC, owned by Roger and Elise Norman, submitted a winning $2.9 million bid at an auction Thursday in U.S. Bankruptcy Court here.

"`The Normans have no specific plan for the property yet,' their lawyer, Joe Laxague, told the North Lake Tahoe Bonanza newspaper.

"In April, operators of the small, privately owned casino filed for Chapter 11 bankruptcy protection. An auction date was later set for the club after further financial difficulties…"

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