The initial plan for the building was to make a 35 story wrestling themed hotel which sounds awesome in my opinion. For those wondering exactly where this would've been or where the Debbie Reynolds Hollywood Hotel was the property was located on 305 Convention Center Drive in Las Vegas. This investment does show exactly how successful the WWF was at the time how much money they had to toss around for fun. The company would change their mind about the casino when coming to the thought that the land wasn't big enough.
According the WWE Corporate site the company would sell the property on December 26th, 2000 with the company selling the property for a little over 11 million. The sale of the land did net the company a profit overall but not by much once again according to the article on the WWE's corporate site. At this point the land is abandoned with the last hotel featured in the video below as the Clarion Hotel would be torn down in early 2015.