Major Riddle opened the Silver City Casino in 1974 in the place of Riata Casino, which had opened in 1973 and closed in less than a year.Circus Circus Enterprises purchased the casino for $30 million, then refurbished both the interior and exterior. In 1991 it became the strip's first casino to ban cigarette smoking.
In early 1997, investment group United Leisure, bought the 8.5-acre property where the Silver City Casino sat, with plans to develop a hotel-casino on the property. Circus Circus Enterprises closed the casino on October 31, 1999. The casino was purchased again for $30 million in 1999 by Luke Brugnara who subsequently failed to obtain a gaming license.
The casino was demolished in 2004 to make way for a shopping center known as Silver City Plaza. As of 2015, a marquee for Silver City still stands on Convention Center Drive.