Golden Nugget Las Vegas

at 129 Fremont St, Las Vegas , 89101-5603 United States

1. Hotel

Description

The Golden Nugget Las Vegas is a luxury hotel and casino located in Las Vegas, Nevada on the Fremont Street Experience. The property is owned and operated by Landry's, Inc.It is the largest casino in the downtown area, with a total of 2,419 deluxe guest rooms and suites.HistoryThe Golden Nugget was originally built in 1946, making it one of the oldest casinos in the city. Jackie Gaughan at one time owned a stake in the hotel as part of his many downtown properties. Steve Wynn bought a stake in the Nugget, which he increased so that, in 1973, he became the majority shareholder, and the youngest casino owner in Las Vegas. In 1977 he opened the first hotel tower and the resort earned its first four diamond rating from Mobil Travel Guide. It was the foundation for Wynn's rise to prominence in the casino industry. The second hotel tower opened in 1984 along with the showroom, and the third tower was opened in 1989. On May 31, 2000, the Golden Nugget (and all of Steve Wynn's other properties) was sold to Kirk Kerkorian; the consolidated corporation was known as MGM Mirage and has been the largest casino corporation in Las Vegas since that date.Although the Golden Nugget was profitable, it was not part of the master expansion plan of the corporation which was focused on consolidating a long stretch of the Strip by acquiring Mandalay Resort Group, building City Center, and beginning construction in Macau. Gaming revenue on Fremont Street had peaked in fiscal year 1993. The Golden Nugget was sold for $215 million to Poster Financial Group, owned by Timothy Poster and Thomas Breitling in 2004. When Poster Financial assumed control of the Golden Nugget, they began to upgrade the gambling operation by installing new cashless slot machines and by increasing the maximum bet available at table games to $15,000. Their story became the basis for The Casino, a television series on Fox that premiered on June 14, 2004.

Company Rating

23756 FB users likes Golden Nugget Las Vegas, set it to 2 position in Likes Rating for Las Vegas, Nevada in Landmark & Historical Place category

Summary

Golden Nugget Las Vegas is Las Vegas based place and this enity listed in Hotel category. Located at 129 Fremont St NV 89101-5603. Contact phone number of Golden Nugget Las Vegas: (702) 385-7111