Home >> Golden Nugget Resort

The Golden Nugget Las Vegas is situated in Las Vegas, Nevada on the Fremont Street Experience. The land is owned and operated by Poster Financial Group, Inc.

It is the biggest casino in the downtown area, with more than 1,900 hotel rooms.

Steve Wynn bought a stake in it, which he increased so that, in 1973, he became the popular shareholder, and the youngest casino owner in Las Vegas. It was the foundation for Wynn's rise to prominence in the casino industry.

History

The Golden Nugget was initially built in 1946, making it one of the oldest casinos in the city.

Was own by the Golden Nugget Companies.

Became a Mirage Resorts land in 1989 when the Golden Nughet companies became Mirage Resorts.

Sold to Poster Financial Group in 2004.

When Poster Financial assumed control of the Golden Nugget, they began to improve the gambling operation, for example by installing new cashless slot machines and by increasing the maximum bet available at table games to $15,000. Their story became the source for The Casino, a television series on Fox, scheduled to premiere on June 14, 2004.

On February 4, 2005, Houston, Texas based Landry's Restaurants, Inc. announced its intent to pay for the Golden Nugget.

Casino

In 1873, Joseph Jagger gained the casino great advertising by "breaking the bank at Monte Carlo" by discovering and capitalizing on a bias in one of the casino's roulette wheels. In theory, the bank in this sense was the money held on the table by the croupier. According to an article in The Times in the late 19th century, it was thus possible to break the bank more than a few times. The 1892 song The Man that Broke the Bank at Monte Carlo, made famous by Charles Coburn, was probably enthused by the exploits of Charles Wells, who broke the bank on many occasions on the first two of his three trips.