Terrible's Hotel and Casino
Encyclopedia
Terrible’s Hotel and Casino is a locals casino
1 miles (1.6 km) east of the Las Vegas Strip
, in Paradise
, Nevada
. It has 370 rooms and a 35000 sq ft (3,251.6 m²) casino.
Terrible's is regularly the host hotel for the Terrible 250, Terrible 300, and Terrible's Cup Baja races sponsored by Terrible Herbst
.
In 1996, Crowne Ventures agreed to buy the hotel for $35 million. They planned to convert the property into a nostalgia-themed resort to complement their "Back to the 50's" catalog business. But that deal fell through when Crowne fell into bankruptcy. The Continental itself declared bankruptcy in 1998, and was foreclosed on and closed by American Realty Trust in March 1999.
The Herbst family of Terrible Herbst
saw an opportunity to open their first gaming property in Las Vegas, as the Continental was too small for locals casino operators Station Casinos
and Coast Casinos
, but too big for other, smaller slot route operators to acquire. The hotel was sold to E-T-T Gaming, the Herbsts' gaming division (now Affinity Gaming), in November 1999. The Herbsts demolished the building interior, but kept its outer shell. The cost of acquisition and renovation was $65 million. It reopened in December 2000 as Terrible's Hotel and Casino.
Locals casino
A locals casino is a casino designed primarily to attract residents of the area in which it was built rather than tourists or vacationers. The term is most commonly associated with casinos in Nevada, USA, to distinguish them from casinos that target mostly tourists in a central area.- Overview...
1 miles (1.6 km) east of the Las Vegas Strip
Las Vegas Strip
The Las Vegas Strip is an approximately stretch of Las Vegas Boulevard in Clark County, Nevada; adjacent to, but outside the city limits of Las Vegas proper. The Strip lies within the unincorporated townships of Paradise and Winchester...
, in Paradise
Paradise, Nevada
Paradise is an unincorporated town in the Las Vegas metropolitan area in Clark County, Nevada, United States. The population was 223,167 at the 2010 census...
, Nevada
Nevada
Nevada is a state in the western, mountain west, and southwestern regions of the United States. With an area of and a population of about 2.7 million, it is the 7th-largest and 35th-most populous state. Over two-thirds of Nevada's people live in the Las Vegas metropolitan area, which contains its...
. It has 370 rooms and a 35000 sq ft (3,251.6 m²) casino.
Terrible's is regularly the host hotel for the Terrible 250, Terrible 300, and Terrible's Cup Baja races sponsored by Terrible Herbst
Terrible Herbst
Terrible Herbst, or Terrible Herbst Oil Company, is a privately held gas station company based in Paradise, Nevada, United States.The company operates gas stations in Nevada, California, Utah and Arizona.-History:...
.
History
The Continental Hotel and Casino opened in 1975.In 1996, Crowne Ventures agreed to buy the hotel for $35 million. They planned to convert the property into a nostalgia-themed resort to complement their "Back to the 50's" catalog business. But that deal fell through when Crowne fell into bankruptcy. The Continental itself declared bankruptcy in 1998, and was foreclosed on and closed by American Realty Trust in March 1999.
The Herbst family of Terrible Herbst
Terrible Herbst
Terrible Herbst, or Terrible Herbst Oil Company, is a privately held gas station company based in Paradise, Nevada, United States.The company operates gas stations in Nevada, California, Utah and Arizona.-History:...
saw an opportunity to open their first gaming property in Las Vegas, as the Continental was too small for locals casino operators Station Casinos
Station Casinos
Station Casinos Inc. is a gaming company based in the Las Vegas suburb of Summerlin, Nevada, founded by Frank Fertitta Jr.Station Casinos along with Boyd Gaming, Cannery Casino Resorts, American Casino & Entertainment Properties, and Herbst Gaming, dominate the Locals market in Las Vegas.The...
and Coast Casinos
Coast Casinos
Coast Casinos Inc. is a wholly owned subsidiary of Boyd Gaming Corporation. Coast Casinos is the number 2 locals casino brand in the Las Vegas market behind Station Casinos.-History:Principally owned and founded by Michael Gaughan....
, but too big for other, smaller slot route operators to acquire. The hotel was sold to E-T-T Gaming, the Herbsts' gaming division (now Affinity Gaming), in November 1999. The Herbsts demolished the building interior, but kept its outer shell. The cost of acquisition and renovation was $65 million. It reopened in December 2000 as Terrible's Hotel and Casino.