Terrible's and other state casinos closed temporarily in March 2020, due to the COVID-19 pandemic in Nevada. On November 1, 2018, the name of the casino was changed from Gold Strike to Terrible's, the same name used by the Herbst family's convenience stores and gas stations. JETT Gaming performed upgrades and renovations to the property, including the installation of a new video marquee sign, the Off-Road Motorsports Hall of Fame, and a display of cars from popular movies.
In October 2014, MGM agreed to sell the Gold Strike for $12 million to JETT Gaming, owned by the Herbst family. The planned redevelopment was canceled in 2008, however, because of the economic downturn. The Nevada Landing closed in March 2007 and was demolished, leaving the Gold Strike as the only casino in Jean. In February 2007, MGM Mirage announced plans to close the Nevada Landing and build a master-planned community and a new casino hotel on the 166 acres (0.67 km 2) it owned in the area, in a joint venture with American Nevada Corp. They were then acquired in 2005 by MGM Mirage (later named MGM Resorts International) as part of its buyout of Mandalay.
The two properties became part of the Gold Strike Resorts family of companies, which was acquired in 1995 by Circus Circus Enterprises (later named Mandalay Resort Group). After it did better business than expected, a sister property, the Nevada Landing Hotel and Casino, was developed on the other side of the freeway and opened in 1989. The Gold Strike was opened in December 1987 by Dave Belding and two other partners who owned the original Gold Strike Hotel near Boulder City.
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