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A "NO CAMPING" is used to key people away from Cal Neva Resort & Casino.

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Billionaire goes all-in on Cal Neva Resort & Casino

When the owner of Cal Neva Resort & Casino in Crystal Bay filed for bankruptcy in June 2016, the move touched off a prolonged court battle that has kept the storied property in limbo and shuttered. The filing by debtor New Cal-Neva Lodge LLC of St. Helena, Calif., led creditors to line up for tens of millions of dollars owed to them for services rendered or money loaned for a highly touted renovation project.

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