But that deal fell through when Crowne fell into bankruptcy.
They planned to convert the property into a nostalgia-themed resort to complement their 'Back to the 50's' catalog business. In 1996, Crowne Ventures agreed to buy the hotel for $35 million. The Continental Hotel and Casino opened in 1975. Terrible's is regularly the host hotel for the Terrible 250, Terrible 300, and Terrible's Cup Baja races sponsored by Terrible Herbst. Terrible’s Hotel and Casino is a locals casino 1 mile (1.6 km) east of the Las Vegas Strip, in Paradise, Nevada.