The hotel was later renamed The Westin Las Vegas. Pyramid leased the property's casino to 777 Gaming, a company that had operated several rural casinos and a slot route, for four years beginning in May 2012. Lenders asked a court to appoint Pyramid Hotel Group as receiver to operate the resort. The hotel's general manager said in October 2011 that Columbia Sussex would not fight the foreclosure, and that the hotel was overleveraged due to property values declining in the recession.
In November 2010, lenders CWCapital Asset Management LLC filed for foreclosure on The Westin Casuarina, after Columbia Sussex stopped making payments on the property's $160 million mortgage in April. The Westin Casuarina marked the first Westin resort nationwide to feature a casino and was the first Westin in Nevada.
They reopened the hotel as The Westin Casuarina on November 6, 2003, using the name of their successful resort in the Cayman Islands. Columbia Sussex bought the former Maxim from Revanche for $38 million in 2002, and then spent an additional $90 million on the remodel.