[1] The property's opening was delayed, and construction was stopped at the end of 1946, leading to a lawsuit filed by contractors over unpaid work.

[5][6] It was alleged that the project's budget continually increased as a result of design changes, rising from an initial estimate of $250,000.

[12] Blumenfeld was originally licensed to operate the casino, along with Sam Lewis and Nola Hahn, both of Los Angeles.

It was later learned that gangster Charles Binaggio, the godfather to Termini, had planned to invest heavily in the Tahoe Biltmore and make it "the biggest gambling joint west of the Rockies," although this did not pan out.

[14][15] After its opening, the property encountered additional financial problems,[16] with its furnisher demanding either the return of leased items or $38,000 representing outstanding payments.

[22] The Tahoe Biltmore's primary creditors were the Reconstruction Finance Corporation (RFC) and Anglo California National Bank.

[14][23] In 1951, the RFC began advertising the hotel-casino for sale,[24] although the agency rejected several early bids because they were deemed too low.

[1] The hotel-casino would become known for its roadside sign,[40] consisting of a log tripod which supports wooden slats that include signage, advertising various amenities.

[43] Vive Les Girls, a Parisian production featuring showgirls, was produced by Frederic Apcar and ran during the 1960s.

[44][45][46] The property would also go on to offer entertainment from performers such as Phyllis Diller,[47] Helen O'Connell, Dick Martin and Dan Rowan, Soupy Sales, Regis Philbin, and Rudy Vallée.

[56][57] A year later, the company announced plans to demolish the Tahoe Biltmore and replace it with Boulder Bay, a new casino resort with 366 rooms and condominiums.

Although the aging property was viewed by some as rundown, others were worried that its replacement was too large and would negatively lead to population growth, including an increase in traffic.

[57][58] The permitting process for the Boulder Bay resort was lengthy, eventually being approved by the Tahoe Regional Planning Agency in 2011.

[69] In 2024, EKN defaulted on an $82 million payment owed to an investor in the redevelopment project, pushing the start of construction to 2025 and the opening to 2028.

[72] This was canceled after the default notice was rescinded, giving EKN time to restructure its debt and proceed with redevelopment.