▁the ▁property ▁until ▁their ▁contract ▁was ▁ended ▁in ▁March ▁ 1 9 9 1 . ▁ ▁Gold ▁River ▁file d ▁for ▁Chapter ▁ 1 1 ▁bank rupt cy ▁protection ▁in ▁ 1 9 9 6 . ▁Business man ▁Allen ▁Paul son ▁took ▁ownership ▁of ▁the ▁re organ ized ▁company ▁a ▁year ▁later , ▁having ▁paid ▁an ▁estimated ▁$ 2 8 ▁million ▁for ▁the ▁property ' s ▁$ 9 0 ▁million ▁in ▁deb t . ▁It ▁was ▁quietly ▁renamed ▁as ▁the ▁River ▁Pal ms ▁in ▁June ▁ 1 9 9 8 ▁and ▁held ▁a ▁grand ▁opening ▁that ▁October . ▁The ▁hotel ▁under w ent ▁a ▁major ▁renov ation ▁in ▁ 1 9 9 9 . ▁ ▁Paul son ▁died ▁in ▁ 2 0 0 0 ▁and ▁Columbia ▁Sus sex ▁bought ▁the ▁property ▁from ▁his ▁estate ▁in ▁ 2 0 0 4 . ▁After ▁Columbia ' s ▁g aming ▁business es ▁went ▁into ▁bank rupt cy , ▁Trop icana ▁Entertainment ▁emer ged ▁in ▁March ▁ 2 0 1 0 ▁with ▁most ▁of ▁the ▁company ' s ▁cas inos , ▁including ▁the ▁River ▁Pal ms . ▁ ▁In ▁May ▁ 2 0 1 3 , ▁Trop icana ▁agreed ▁to ▁sell ▁the ▁River ▁Pal ms ▁for ▁$ 7 ▁million ▁to ▁M 1 ▁G aming , ▁owner ▁of ▁Bo om town ▁Ren o , ▁but ▁the ▁sale ▁never ▁went ▁through . ▁In ▁September ▁ 2 0 1 4 , ▁Trop icana ▁sold ▁the ▁River ▁Pal ms ▁for ▁$ 6 . 7 5 ▁million ▁to ▁Nev ada ▁R estaur