Golden Nugget

Golden Nugget

Golden Nugget

Golden Nugget

A nugget is something of value hidden in an easy-to-reach place.



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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 in 2003, for $215 million to Poster Financial Group, owned by Timothy Poster and Thomas Breitling. 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. (Source: en.wikipedia.org)


In all Street Fighter II games (except HD Remix), Balrog's (M. Bison in Japanese) stage is set in front of the Golden Nugget, with the sign clearly seen in the back. In HD Remix, it has been changed to the "Crazy Buffalo", presumably in reference to the name of Balrog's original Super Combo. The updated version of the scenario that appears in Street Fighter V changes the name of the casino to the "Golden Bullion", most likely to avoid legal issues.

Poster and Breitling had no casino ownership experience before acquiring the Golden Nugget. They faced some difficulty in obtaining the necessary casino licenses because of their friendship with Rick Rizzolo, a strip club owner being investigated by the FBI and because of Poster's uncle who was denied a gaming license because of his alleged association with known illegal bookmakers. The Nevada Gaming Control Board recommended that they be licensed for only one year. The board however, issued them four-year licenses, with an option to apply for permanent licenses in January 2005. (Source: en.wikipedia.org)


In 1980, the company opened the Golden Nugget Atlantic City (not to be confused with the current Golden Nugget Atlantic City) in New Jersey. The Las Vegas casino also expanded, with a second and third tower opened in 1984 and 1989, respectively, which included a showroom. The company's interest in Atlantic City did not last very long due to frustration with state gaming regulators, and in 1987, the property was sold to Bally's Entertainment, and eventually became Bally's Grand Hotel and Casino. In 1989, the company acquired the Nevada Club casino in Laughlin, Nevada, and re-branded it as the Golden Nugget Laughlin.

Golden Nugget’s app allows 24K Select Club members to log into their accounts from their mobile devices. Check Comp Dollars, Tier Credits and Slot Points balances, and Tier Level status instantly. View mail offers including gaming, hotel, dining and golf rewards across all Golden Nugget Casinos. Receive Golden Nugget mobile-only bonus offers, and enjoy one-touch access to promotion and event details. With Golden Nugget’s 24K Select Club, members can redeem earned Comp Dollars at all Golden Nugget Casinos and Landry’s, Inc. restaurants nationwide – 5 casinos and more than 500 restaurants coast-to-coast! 24K Select Club members accumulate Tier Credits and Comp Dollars on their 24K Select Club accounts across all Golden Nugget Casinos, and Tier Benefits like Priority Access, VIP Line Passes, and Retail Discounts travel with you. Not a member yet? Sign up today by visiting the Golden Nugget 24K Select Club Booth at any Golden Nugget Casino. (Source: play.google.com)


In January 2004 the company acquired the Golden Nugget Las Vegas and the Golden Nugget Laughlin for approximately $215 million. When Poster and Breitling assumed control of the Golden Nugget, they began to upgrade the gambling operation, by installing new "cashless" slot machines and increasing the maximum bet at table games to $15,000. Their story became the basis for The Casino, a television series on Fox, which premiered on June 14, 2004.

On May 31, 2005 the agreement for Barrick Gaming to acquire the Golden Nugget Laughlin expired without a final deal being reached. As a result, Landry's acquired the property as part of its agreement to purchase the Golden Nugget Las Vegas. Apparently there will be no increase in the purchase price as a result of this change since the money from the sale would have been used to reduce the debt on the Las Vegas property. This means that Landry's would simply assume more debt. On September 27, 2005 Landry's completed the acquisition of Poster Financial for approximately $318 million. (Source: en.wikipedia.org)



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