Four Queens Hotel Casino history

Elsinore became an independent company in 1979 when the Pritzker family of Chicago took Hyatt private.

The Playboy Hotel and Casino in Atlantic City opened on April 14, 1981.

In 1984 the company recorded a net profit of $5.6 million due to the extinguishment of debt, but the refinancing of this debt pushed Elsinore into bankruptcy within the next year.

Elsinore's financial troubles became evident early in 1985.

In June 1989, Elsinore finalized the sale of the Atlantis and its subsidiaries to Donald Trump.

Special package programs successfully attracted Hawaiians to the Four Queens, leading the company to open a Hawaiian style café in April 1994.

Elsinore filed for bankruptcy protection in October 1995, as it could not make its interest payment on the first mortgage notes. As a result Elsinore recorded a net loss of $45.8 million on $57 million in revenues in 1995.

The court approved a Plan of Reorganization in March 1996, at which time Elsinore issued common stock in return for a reduction of the claim on the first mortgage notes from $60 million to $30 million.

1997: Riviera Management begins to operate the Four Queens and changes its gaming format.

Total revenues of $55.9 million in 1998 included the first payment of $1.2 million from a settlement with Palm Springs East for Elsinore's investment in Spotlight 29.

In June the company launched an advertising campaign, using the monolithic appearance of the glass tower in a spoof on the movie 2001: A Space Odyssey.