Nevcal Enterprises, Inc. v. Cal-Neva Lodge, Inc.

Plaintiff appeals from a judgment denying its prayer for an accounting of the profits of a gaming enterprise in Reno, Nevada.

By agreement of August 29, 1955, defendant (who controlled the same through nominees) agreed to sell to plaintiff a certain building in Reno wherein it conducted a gambling casino under state license as well as a bar, restaurant and other activities. The base price having been fixed at $550,000, it was provided that the buyer should apply for and obtain gaining licenses and that thereupon the sale should be consummated and “ [a]t the time of such consummation you…