Īllarco was acquired in January 1981 by Carma Developers, a Calgary-based real estate company. The Shenandoah's landlord, Allarco Holdings of Edmonton, took over the project, and sought new investors to buy or lease the hotel, which was losing $500,000 a month. Newton also pulled out, opting instead to buy the Aladdin casino.
Tucker's gaming license was ultimately denied, and he was ordered to sell his $1.8-million stake in the property. The opening of the casino was delayed, however, because of a Gaming Commission investigation into Shenandoah president John Harlow Tucker for a 1975 securities fraud conviction. The Shenandoah Hotel began as a $29-million project, named after the Las Vegas estate of singer Wayne Newton, who was a minority investor in the property.
Finally, in 2005, it was bought by Harrah's Entertainment (later Caesars Entertainment), who closed and demolished it. Ownership changed hands several times, with new proprietors often envisioning major renovations or redevelopment, but none of the plans came to fruition. Opening in 1980 as the Shenandoah Hotel, the property was plagued with licensing and financial difficulties from the start. 18 October 2005 18 years ago ( 18 October 2005)īourbon Street Hotel and Casino (named after New Orleans' Bourbon Street) was a small hotel and casino near the Las Vegas Strip in Paradise, Nevada.
