History
The resort was created by Las Vegas real estate developer John Midby. It opened in 1984 as Sam's Town Gold River, later shortened to Gold River. It was operated by Boyd Gaming until their contract was ended in 1991.
A 25-story, 778-room hotel tower was opened in 1990.
Gold River filed for Chapter 11 bankruptcy protection in 1996. Businessman Allen Paulson took ownership of the reorganized company a year later, having paid an estimated $28 million for the property's $90 million in debt. It was renamed as the River Palms Resort Casino the following year. The hotel underwent a major renovation in 1999.
Paulson died in 2000, and Columbia Sussex bought the property from his estate in 2004. After Columbia's gaming businesses went into bankruptcy, Tropicana Entertainment Inc. emerged in 2010 with most of the company's casinos, including the River Palms.
In May 2013, Tropicana agreed to sell the River Palms for $7 million to M1 Gaming, owner of Boomtown Casino & Hotel Reno.
Read more about this topic: River Palms
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