A southern Nevada ranch once owned by Las Vegas casino pioneer Benny Binion has been sold for $1 million — less than half the original asking price for the property in Pahrump about 60 miles west of Vegas.

The Las Vegas Review-Journal reports a Las Vegas couple, Ralph and Betty McKnight, finalized the purchase of the 139 acres earlier this month.

The ranch was built in 1959 and acquired in the 1960s by Binion, the original owner of the Horseshoe in downtown Las Vegas. Binion died in Las Vegas in 1989.

The ranch once served as a home for Binion's animals, which included antelope, peacocks and deer. Rumors have swirled for decades that up to $2 million of gold and silver was buried on the ranch, but nothing has ever been found.