Reno Gazette-Journal from Reno, Nevada • Page 13

Monday, September 29, 1980 12- Reno Evening Gazette 600 left jobless as casino in Las Vegas shuts doors Geothermal leases sold open. open the casino, but SAR Fisher said another Corp. would not make an-company could try to re- other go at it. week in an attempt to reorganize their finances. "We wouldn't be in the problem we are in now if he didn't have the Holiday International," Fisher said.

The assets of the International will be settled through Chapter 7 bankruptcy proceedings, which allows for sale of the casino's assets to pay creditors. The building housing the casino is owned by the adjacent Holiday Inn. The 416-room hotel reportedly will remain 1978. The casino is one of four owned by the estate of the late Major Riddle, and was under the control of the SAR Corp. The estate's three other casinos, the Silverbird, the Silver Nugget and the Silver City are managed by the NLV Corp.

Fisher said the top Riddle property, the Silver-bird, is raking in "record business." Riddle's four casinos were placed under the jurisdiction of the federal bankruptcy court last LAS VEGAS (AP) The financially troubled Holiday International Casino has shut its doors after two years in operation and $6 million in losses. The move at 5 a.m. Sunday threw about 600 employees out of work. Lee Fisher, a spokesman for the corporation controlling the casino, said the Holiday International" closed because it had been losing $300,000 to $400,000 a month, and had never been a moneymaker since it opened in FOR LEASE TRUCKEE MEADOWS BUSINESS PARK New prestigious square foot office-warehouses. Exceptional location.

25' PER SQ. FT. GOLD STAR REALTY, INC. 329-8833 Chevron USA and Occidental Geothermal, both of California, recently bid almost $33,000 for the right to lease 4,515 acres of public land in Washoe and Pershing counties for geothermal exploration and development. The lease sale is part of an ongoing program by the Bureau of Land Management to competitively lease areas of high geothermal potential at public auction.

BLM Nevada State Director Ed Spang said the bonus bids, 50 percent of which got directly to the State of Nevada under federal law, are only the first payment.If a permanent lease is issued, they must also pay annual rental fees and any royalties on steam produced. The State also gets 50 percent of that. The parcels leased are within two Known Geothermal Resource Areas or "KGRAs." Chevron bid $10,434.60 to lease 1,980 acres in the San Emidio KGRA, northeast of the Pyramid Lake Indian Reservation in the Lake Range. Occidental bid $22,500 to lease 2,535 acres in the Gerlach KGRA, northeast of Gerlach in the southern end of the Black Rock Desert. Stead woman dies in crash A 37-year-old Stead woman was killed in a head-on wreck on North Virginia Street near Parr Boulevard in Reno Sunday morning.

Reno police said the woman, Glenna Gaffey, of 11024 Zoelite, was a passenger in a pickup truck driven by her husband, Robert, 38. Robert Gaffey and the driver of the other car, Toni Rapp, 21, of HOLen-wood, Sparks, both were jn good condition in St. Mary's Hospital Sunday night. Police said Ms. Rapp drove, south on Virginia in the northbound lane, striking the Gaffeys.

No citations had been issued Sunday night, and the accident remained under investigation. 'V NTT) A V'i'r: I -V I II I 1 1 yUiiX I I I II I 1 I 'x 1' i lff'ill I I Ifi II 'f I I I II 1 I I II I i "Ifc. 4 1 I I I jT II II I 1 COPIES 95 $2 White you watch LARRY TAYLOR'S INSTANT PRINT! 246 W. lt Rno (Across from rho Church) Now, efficient insulation for your windows EASTERN AIRLINES ANNOUNCES 45 DISCOUNTS ON ROUND-TRIP MIDWEEK FLIGHTS. Easterrvs Super Savers now give you bigger discounts off the regular adult daycoach fare.

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