The Golden Nugget Atlantic City was a casino from 1980 to 1987 in Atlantic City, New Jersey. It is currently the Atlantic City Hilton.
It was built in 1980 by a partnership of Golden Nugget Companies and Michael R. Milken for $140 million.
Steve Wynn bought the Strand Motel on Boston Avenue and the Boardwalk for $8.5 million and tore it down. Joel Bergman, who designed Wynn's other resorts, designed it (in 2009 he is working on renovations to it). It was Atlantic City's sixth casino after legalized gambling was passed in 1976. It had 506 rooms and at the time was the second smallest casino in the city. By 1983 it was the city's top earning casino. Its entertainment included Frank Sinatra. Advertisements featured Wynn, including one where he delivered towels to Sinatra.[1]
It was Wynn's first major casino after establishing his reputation with resurrecting the Golden Nugget Casino in Las Vegas. He had high-profile squabbles with state officials, and in 1987 he sold the casino for $440 million to Bally's Entertainment Corporation, which changed the name to Bally's Grand Casino/Hotel.[2] Wynn publicly vowed he would never return Atlantic City although he had hedged his rhetoric with the purchase of an area by the Atlantic City Marina. Wynn left Atlantic City to build the Mirage Casino in Las Vegas that heralded the modern transformation of the Las Vegas Strip.
After the Hilton Hotels Corporation acquired Bally Entertainment, the property was renamed Atlantic City Hilton. In 1998, Hilton Corporation spun off its casino properties into a new company initially called Park Place Entertainment and later renamed Caesars Entertainment, Inc.. In 2005, Harrah's Entertainment merged with Caesars Entertainment and sold the property to Colony Capital, LLC.
None of the successor casinos enjoyed the success that Wynn had.[3]
Return to Atlantic City
On February 14, 2011, Trump Entertainment Resorts announced that it had reached agreement to sell the Trump Marina to Landry's Restaurants, owner of the Golden Nugget casinos in Laughlin and Las Vegas, for approximately $38 million. Landry's plans on rebranding the Trump Marina casino as the Golden Nugget. Improvements to the property are expected to be completed by the end of 2011.[4]
See also
References
- ^ Wynn, Lose or Draw - casinoconnectionac.com - November 25, 2008
- ^ BETTING ON POLITICS: A special report.; A Gambling Impresario Leaves Little to Chance - New York Times -December 6, 1998
- ^ BETTING ON POLITICS: A special report.; A Gambling Impresario Leaves Little to Chance - New York Times -December 6, 1998
- ^ "Nevada's Golden Nugget to buy Atlantic City's Trump Marina", The Press of Atlantic City, Feb 14, 2011
Coordinates: 39°21′01″N 74°27′01″W / 39.3503°N 74.4503°W
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