Trustee’s sale of Sharkey’s on Dec. 4
November 12, 2014
Less than a year after its bankruptcy reorganization was approved, Sharkey's Casino is back on the auction block.
According to a legal notice published in Sunday's Record-Courier, the Gardnerville landmark is scheduled to be sold at a trustee's sale on Dec. 4.
Casino owner Hal Holder filed for bankruptcy protection in April 2013 to avoid a sale that spring.
Holder personally announced the casino had emerged from Chapter 11 after the Federal Bankruptcy Court in December 2013 accepted the company's plan.
According to the notice, the casino owes $3.65 million plus an additional $146,765.
The Record-Courier has a call in to the Holder Hospitality Group for comment.
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Holder said he purchased Sharkey's from owner Milos "Sharkey" Begovich on a handshake in January 2002 for $5 million.