Greek Isles Hotel and Casino is a hotel casino located in Paradise, Nevada, one block off the Las Vegas Strip. It’s a 205-room hotel and a 7,000-square-foot (650 m2) casino with a Mediterranean theme.
History
Jackie Gaughan opened the Royal Inn Casino in 1972. It operated as the Paddlewheel for several years, then in 1993 Debbie Reynolds acquired the property and added the Hollywood Movie Museum.
In 1999 the hotel was sold to the World Wrestling Federation. The WWF sold it to Mark IV Realty Group in 2000; Mark IV partnered with Delta Airlines and United Airlines to turn it into a crew hotel, with a major renovation that was completed in summer 2001.
In July 2007, the hotel was sold to a real-estate developer (DI Development Group) for $48.8 million; the developer announced in January 2008 that he was pursuing financing to redevelop the site, replacing it with a mixed-use development, proposed to include 780 hotel rooms, a 77,000-square-foot (7,200 m2) casino and 71,200 square feet (6,610 m2) of convention, retail and, restaurant space.
The developer never came through and the Hotel is currently expanding operations. The hotel was forced into bankruptcy on April 6, 2009 by its creditors. It will continue to operate.