After years of business decline, Bill's Casino closed its doors for good January 4, 2010.

The site and surrounding parcels of land were purchased by attorney Michael Laub in March 2010 for US$5.22 million with the intention of turning the location into a large strip club.

[2][3] It was later reported that the site would be transformed into a mall including a pharmacy, a jewellery store, a tattoo studio, a Pilates studio, a clothing store, another casino and a restaurant and bar.

[4] The Tahoe Daily Tribune reported on a safe was discovered behind a false wall during renovations during August 2011.

The Oprah Winfrey Network gained exclusive access to the opening of the safe for the TV show Found, that is in development and the broadcast date is not known.