Terribles new setup and new players club

Now that Terribles has departed the vegas scene can we also say that the players club has too. Or did they just change the name and keep the database. It's always kinda fun signing up in a new club and maybe getting some swag. What's the reality here?
Was driving by on our trip last week and saw the big sign for $7.99 steak and lobster for players club members. Stopped in on a whim with my father-in-law, signed up and ate. Not bad but the lobster was a little overdone.
Do they still have the little room where you can trade in your comps for worthless crap? Like the dash-mounted 8-track player? Or the Elivis can opener?
I liked the Elvis can opener

I thought Terrible's has changed ownership?
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