Golden Nugget Atlantic City
Encyclopedia
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.
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. 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.
. Improvements to the property are expected to be completed by the end of 2011.
Atlantic City, New Jersey
Atlantic City is a city in Atlantic County, New Jersey, United States, and a nationally renowned resort city for gambling, shopping and fine dining. The city also served as the inspiration for the American version of the board game Monopoly. Atlantic City is located on Absecon Island on the coast...
. It is currently the Atlantic City Hilton
Atlantic City Hilton
ACH, formerly Atlantic City Hilton, is a casino and hotel located on the Boardwalk in Atlantic City, New Jersey. After a rebranding and remodeling in Spring 2012, it will become Atlantic City's first true "locals casino".-History:...
.
It was built in 1980 by a partnership of Golden Nugget Companies
Golden Nugget Companies
Golden Nugget Companies Inc. was formed by Steve Wynn in 1973. The company was created after Wynn acquired majority control of the Golden Nugget in Las Vegas, Nevada...
and Michael R. Milken for $140 million.
Steve Wynn
Steve Wynn (developer)
Stephen Alan "Steve" Wynn is an American business magnate who played a pivotal role in the 1990s resurgence and expansion of the Las Vegas Strip...
bought the Strand Motel on Boston Avenue and the Boardwalk for $8.5 million and tore it down. Joel Bergman
Joel Bergman
Joel Bergman is an architect who has designed several landmark casinos.Bergman was born in Los Angeles. He graduated from the University of Southern California in 1965.-Stern and Associates:In 1968 he joined Martin Stern, Jr....
, 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
Frank Sinatra
Francis Albert "Frank" Sinatra was an American singer and actor.Beginning his musical career in the swing era with Harry James and Tommy Dorsey, Sinatra became an unprecedentedly successful solo artist in the early to mid-1940s, after being signed to Columbia Records in 1943. Being the idol of the...
. Advertisements featured Wynn, including one where he delivered towels to Sinatra.
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. 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
Las Vegas Strip
The Las Vegas Strip is an approximately stretch of Las Vegas Boulevard in Clark County, Nevada; adjacent to, but outside the city limits of Las Vegas proper. The Strip lies within the unincorporated townships of Paradise and Winchester...
.
After the Hilton Hotels Corporation
Hilton Hotels Corporation
Hilton Worldwide is a global hospitality company. It is owned by the Blackstone Group, a private equity firm. As of July 2011 Hilton brands encompass 3,750 hotels with over 600,000 rooms in 84 countries...
acquired Bally Entertainment, the property was renamed Atlantic City Hilton
Atlantic City Hilton
ACH, formerly Atlantic City Hilton, is a casino and hotel located on the Boardwalk in Atlantic City, New Jersey. After a rebranding and remodeling in Spring 2012, it will become Atlantic City's first true "locals casino".-History:...
. 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
Harrah's Entertainment
Caesars Entertainment Corporation is a private gaming corporation that owns and operates over 50 casinos, hotels, and seven golf courses under several brands. The company, based in Paradise, Nevada, is the largest gaming company in the world, with yearly revenues $8.9 billion...
merged with Caesars Entertainment and sold the property to Colony Capital, LLC.
None of the successor casinos enjoyed the success that Wynn had.
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 NuggetGolden Nugget
Golden Nugget has several uses including:Casinos:*Golden Nugget Atlantic City in Atlantic City, New Jersey**"Golden Nugget" was also the original name of the ACH Casino Resort from 1980 to 1987*Golden Nugget Laughlin in Laughlin, Nevada...
. Improvements to the property are expected to be completed by the end of 2011.