Tag: Golden Nugget selling
Golden Nugget owners selling Atlantic City casino?
September 4, 2013
Press of Atlantic City – The parent company of Golden Nugget Atlantic City may possibly sell the casino or its Internet gambling rights after struggling with some “less than stellar results” in a slumping market. Despite a $150 million renovation last year that transformed a formerly drab property into a glitzier casino, Golden Nugget has continued to lose money under the ownership of Houston-based Landry’s Inc. Landry’s, the restaurant, entertainment and casino conglomerate controlled by Texas billionaire Tilman Fertitta, says it has been approached by the investment bank Houlihan Lokey to consider selling Golden Nugget or its Internet gambling rights…