[2] The hotel/casino project was initiated by Playboy Enterprises, which later took on Elsinore Corporation (owner of the Four Queens Hotel and Casino in Las Vegas) as a partner in order to obtain financing.

The New Jersey Casino Control Commission finally granted a permanent gaming license to Elsinore Corporation, but not to Playboy Enterprises (due to concerns about the company's London casino operations, as well as payments made by the company to New York officials in the early 1960s in order to get a liquor license for its New York Playboy Club).

The Cabaret featured acts such as Bobby Vinton, David Copperfield, Vic Damone, Lola Falana and The Captain & Tennille.

The 5th Dimension was the last act to perform in the Cabaret, finishing out its engagement after gaming operations had ceased on the casino floor.

[8] In July 1992, ownership was transferred to the property's mortgage holder, Chemical Bank.