The Landmark once again entered a dormant period.  As it had done throughout most of the 1960s, Landmark waited for it's fate to be decided. On December 7, 1990, Lloyds Bank of London purchased the hotel for $20 million to protect a $25-million loan made in 1988 to former owner William Morris. In June 1991, the hotel's contents were liquidated via an on-site, public sale conducted by National Content Liquidators, Inc.

 

     Landmark did, however, get some use during this time as in November of 1992 during the annual COMDEX convention when rivals Microsoft and Lotus arranged to have the tower's sides covered with 15 story banners advertising their latest products.  On September 7, of the same year over 300 members of the Culinary Union, on strike at the Frontier Hotel, performed a sit-in demonstration which caused the strip to be shut down for two hours and many arrests by police.  In order to process that many people, the police department took them to the closed Landmark.

 

     In a closed bid sale on April 16, 1993 conducted by Kennedy-Wilson Inc., The Las Vegas Convention and Visitors Authority (which owns the Las Vegas Convention Center across the street) bought the Landmark for $16.7 million.  The sale was finalized on September 1st of that same year.  A year-long debate followed within the L.V.C.V.A. about the fate of the aged and run-down hotel.  Some wanted to make the necessary repairs and re-open it to house the many convention attendees who visit every year.  Others, who saw the dilapidated tower as an eye-sore, wanted to demolish the buildings to add 2,000 much-needed parking spaces for the Convention Center.  In the end, only three of the fourteen L.V.C.V.A. board members voted in favor of keeping the Landmark.

 

     In mid-1994, AB-Haz Environmental began removing asbestos insulation from the Landmark in preparation for demolition.  The company was later cited for violating local air emission standards during the removal of the asbestos. AB-Haz signed a settlement in which the company agreed to pay an $18,000 fine.

 

     In late 1994 she was lit up one last time during the filming of "Casino" in which the Landmark's entrance was used as the exterior of the film's fictional "Tangiers Hotel".  The Landmark was not credited in the film.  The implosion appears during the closing epilogue.