▁could ▁not ▁get ▁a ▁g aming ▁license ▁to ▁operate ▁it ▁in - house ▁because ▁of ▁the ▁company ' s ▁poor ▁fin ances . ▁After ▁a ▁deal ▁to ▁sell ▁the ▁property ▁to ▁times h are ▁developer ▁IL X ▁Inc . ▁for ▁$ 1 6 . 8 ▁million ▁fell ▁through , ▁Reyn olds ▁and ▁the ▁hotel ▁both ▁file d ▁for ▁bank rupt cy ▁protection ▁in ▁ 1 9 9 7 , ▁and ▁the ▁property ▁was ▁put ▁up ▁for ▁au ction ▁the ▁following ▁year . ▁ ▁The ▁winning ▁bid der ▁at ▁$ 1 0 . 6 5 ▁million ▁was ▁the ▁World ▁Wrestling ▁Federation , ▁which ▁planned ▁to ▁level ▁the ▁building ▁and ▁construct ▁a ▁ 3 5 - story ▁wrest ling - th emed ▁hotel ▁and ▁cas ino . ▁They ▁stri pped ▁much ▁of ▁the ▁interior ▁in ▁prepar ation ▁for ▁demol ition , ▁but ▁ultimately ▁decided ▁the ▁site ▁was ▁not ▁big ▁enough . ▁The ▁hotel ▁was ▁open ▁for ▁a ▁short ▁time ▁( including ▁October ▁ 2 0 0 0 ) ▁as ▁" Con vention ▁Center ▁Drive ▁Hotel ." ▁They ▁sold ▁it ▁to ▁Chicago - based ▁Mark ▁IV ▁Real ty ▁Group ▁in ▁ 2 0 0 0 ▁for ▁$ 1 1 . 2 ▁million . ▁ ▁Greek ▁Is les ▁Hotel ▁& ▁Cas ino ▁( 2 0 0 1 – 0 9 ) ▁Mark ▁IV ▁hoped ▁to ▁re develop ▁the ▁site ▁with ▁ 1 , 0 0 0 ▁rooms , ▁but ▁instead ▁rem ode led ▁the ▁property ▁with ▁a ▁Greek ▁theme ▁and ▁re open ed ▁it ▁as ▁the ▁Greek