open ed ▁as ▁the ▁P addle w heel ▁Hotel ▁& ▁Cas ino . ▁It ▁had ▁a ▁kid - friend ly ▁atmosphere , ▁with ▁ar cade ▁games ▁and ▁am usement ▁r ides , ▁but ▁later ▁shift ed ▁to ▁an ▁adult ▁focus , ▁including ▁a ▁male ▁rev ue . ▁Horn ▁& ▁Hard art ▁put ▁the ▁hotel ▁back ▁up ▁for ▁sale ▁in ▁ 1 9 9 0 . ▁ ▁It ▁did ▁not ▁sell ▁until ▁ 1 9 9 2 , ▁when ▁actress ▁Deb bie ▁Reyn olds ▁and ▁her ▁husband ▁Richard ▁Ham lett ▁bought ▁the ▁closed ▁P addle w heel ▁at ▁au ction ▁for ▁$ 2 . 2 ▁million . ▁Reyn olds ▁planned ▁to ▁spend ▁$ 1 5 ▁million ▁on ▁renov ations , ▁including ▁adding ▁a ▁museum ▁to ▁house ▁her ▁collection ▁of ▁Hollywood ▁memor abil ia , ▁and ▁a ▁ 5 0 0 - se at ▁the ater ▁where ▁she ▁would ▁perform . ▁ ▁Deb bie ▁Reyn olds ' ▁Hollywood ▁Hotel ▁( 1 9 9 3 – 9 9 ) ▁The ▁property ▁re open ed ▁in ▁ 1 9 9 3 , ▁with ▁the ▁cas ino ▁operated ▁by ▁Jack pot ▁Enter pr ises , ▁but ▁Reyn olds ▁strugg led ▁with ▁the ▁finan cing ▁to ▁complete ▁the ▁project . ▁She ▁took ▁the ▁company ▁public ▁in ▁ 1 9 9 4 ▁to ▁raise ▁money , ▁and ▁the ▁museum ▁finally ▁opened ▁the ▁following ▁year . ▁The ▁cas ino ▁closed ▁in ▁ 1 9 9 6 ▁after ▁Jack pot ▁pulled ▁out ▁because ▁it ▁was ▁un prof itable , ▁and ▁Reyn olds