Who owns golden nugget casino
Who owns golden nugget casino
The Golden Nugget Casino has witnessed a succession of illustrious owners, each leaving an indelible mark on its legacy.
The casino's origins can be traced back to 1946, when it emerged as a humble slot machine parlor. In 1955, renowned gaming titan Steve Wynn acquired the property and transformed it into a grand casino resort. With his revolutionary ideas, Wynn catapulted the Golden Nugget to the forefront of the gaming industry.
Who Owns the Golden Nugget?
The Golden Nugget is owned by Tilman Fertitta, a prominent Houston restaurateur and entertainment entrepreneur.
Fertitta acquired the Golden Nugget from MGM Resorts International in 2015 for $350 million. Since then, he has invested heavily in the property, expanding its gaming floor, adding new restaurants, and renovating its hotel rooms.
Under Fertitta's ownership, the Golden Nugget has become one of Las Vegas' most popular and profitable casinos. In 2021, the property generated over $400 million in revenue.
Key Facts and Historical Context
Delve into the ownership history of the legendary Golden Nugget Casino:
- Founder and Original Owner: Steve Wynn, a prominent casino developer, founded the Golden Nugget Casino in 1946.
- 1985: Steve Wynn sold the Golden Nugget to Ramada Inns.
- 1995: Mirage Resorts, led by Steve Wynn, re-acquired the Golden Nugget.
- 2004: Landry's Restaurants acquired the Golden Nugget for $225 million.
- Present Day: The Golden Nugget Casino remains under the ownership of Landry's Restaurants, Inc.