Four years later, Doumani unveiled plans to build a high-rise hotel, Majestic Las Vegas, on the site.

[9] In 1972, Michael Gaughan and Frank Toti bought out the property's gaming operations,[10][11] and managed the casino for much of the remaining decade.

[12][13][14] In 1979, fast food operator (and former automat chain) Horn & Hardart purchased the Royal Inn for $17 million.

[19][20][21] An investment group, which included two Horn & Hardart executives, took over the Royal Americana at the end of 1982, and spent $5.7 million on remodeling.

The original hotel tower was kept, and its west exterior was updated to feature a mural of a paddle steamer crashing through the building.

[25] The Paddlewheel had a child-friendly atmosphere, with arcade games and amusement rides, but shifted to an adult focus in the late 1980s, including a male revue.

[28][29] Actress Debbie Reynolds and her husband Richard Hamlett, at his suggestion,[30] bought the shuttered property at auction in 1992, for $2.2 million.

[31] Reynolds planned to spend $15 million on renovations, which would include a museum to house her collection of Hollywood memorabilia.

[40][41][42] Because Reynolds and her husband had no experience in operating a resort, the various amenities were leased out, leaving the couple to focus on live entertainment offerings and the museum.

[48] Rooms in the top three floors of the hotel were sold as timeshares to help raise money,[47][49] and the property eventually accumulated more than 1,000 unit owners.

[47][52] Reynolds and the hotel both filed for bankruptcy protection in July 1997,[53][54] and several deals to sell the property failed over the next year.

[60][61] The company planned to level the building and construct a 35-story, wrestling themed hotel and casino with 1,000 rooms.

[72][73][74] Others included a magic show,[75][76] a fire-themed production,[77] and a musical tribute to composer Harold Arlen.

[78][79] In July 2007, the Greek Isles was sold to an investment group,[80] which planned to eventually demolish the hotel-casino and redevelop the land as a mixed-use project.

The property entered bankruptcy in April 2009,[82] and was taken over four months later by Canpartners,[83][84] which blamed the financial problems on poor management.

[93][94][95] The Clarion's hotel tower was demolished by implosion on February 10, 2015, shortly before 3 a.m.[96] It was the first hotel-casino in Las Vegas to be imploded since the New Frontier in 2007.

[91][97] The Clarion implosion did not go as planned; an elevator shaft on the tower's west side was left standing afterward.

[98][99][100] On the vacant land, Doumani intends to build a non-gaming high-rise hotel known as Majestic Las Vegas.