[1][2] The project was initiated by the Rainbow Casino Corporation (RCC), made up of John A. Barrett and Leigh Seippel.

[12] Six Flags designed it as the flagship in a new chain of entertainment centers, targeted at markets too small to support a full-size park;[13] within two years, though, the concept was reportedly put on hold.

[14] The park closed in 1998,[15] and Alliance bought the site for $500,000[16] and adapted its main building for use as a concert venue.

[18] In 1999, United Gaming put the property, along with its other casino in Nevada, on the market, to help pay down corporate debts, but no satisfactory offers were received.

[23] In July 2019, Eldorado agreed instead to sell the property to Twin River Worldwide Holdings, along with the Isle of Capri Casino Kansas City, for a total of $230 million.