Originally, the Golden Nugget was built in 1946 and has been owned by many influential figures over the years.
The luxurious Golden Nugget Las Vegas hotel and casino is found on Fremont Street Experience in downtown Las Vegas, NV. It has 2,419 rooms that will make guests feel like a star with first-class accommodations.
Originally, the Golden Nugget was built in 1946 and has been owned by many influential figures over the years. In 1973 Steve Wynn bought a stake in this hotel and became its majority shareholder at only 31-years old. He then opened up another tower for it to earn its first four-diamond rating from Mobil Travel Guide that same year. This place is truly an iconic part of Las Vegas’s history as we know it today.
In 1984, the second hotel tower opened along with a showroom, while in 1989, the third and final hotel tower was unveiled. In 2000, Mirage Resorts sold all of its properties, including Golden Nugget, to MGM Grand Incorporated (later named MGM Mirage).
Although the Golden Nugget was making lots of money, it didn’t fit into their master plan to build up a big stretch on Fremont Street. The corporation wanted Mandalay Resort Group and City Center, which would be massive projects that made more sense than sticking with small casinos like Golden Nugget or building in Macau, where they were just starting out at the time. Fremont street had peaked back in 1993, so there wasn’t much growth opportunity for them here anymore either.
In 2003, the Golden Nugget was sold for $215 million to Poster Financial Group. Under their control, cashless slot machines were installed, and table games allowed a maximum bet of $15,000 – this would serve as inspiration for The Casino TV series that premiered in 2004 on Fox.
In 2005, the Golden Nugget Laughlin hotel and casino was purchased by Houston-based Landry’s Inc. Over a 14 month renovation period which cost $100 million dollars; the property reopened as The Golden Nugget Las Vegas in November 2006.
The Golden Nugget successfully completed Phase II of its expansion in December 2007, which included the construction of additional entertainment venues. The third phase was opening up Rush Tower along with Chart House restaurant on November 20th, 2009, for $150 million.
The Hand of Faith, which is the world’s largest gold nugget on display, is still shown today in the Golden Nugget lobby. It weighs 875 troy ounces (960 oz; 60.0 lb; 27,200 g) and 18 inches (46 cm). The Hand of Faith was found near Kingower, Victoria, Australia, and put on display at the casino 1981 amid a number of other gold nuggets. The old hotel sign that sits presently to YESCO signage yard once graced the entrance off Fremont Casino Center during 1984 renovations when it underwent casinos large hotel sign at its entrance.