![]() When Landry’s, which is run by billionaire Tilman Fertitta, acquired what was formerly known as the Trump Marina Hotel Casino in 2011, it invested about $200 million in purchasing the existing property and remodeling it into what is today the Golden Nugget. ![]() The Golden Nugget, which was purchased in 2011 by the Texas-based entertainment and dining company Landry’s, has not been immune to the downtick in visitors and revenue in Atlantic City.Īll twelve land-based casinos in the once-bustling seaside resort town have experienced difficulty since Atlantic City revenue peaked back in 2006. In the face of rising competition as land-based casino gambling expands nationwide – but particularly along the eastern seaboard – New Jersey has found its casino industry losing out to neighboring Pennsylvania as patrons have bypassed Atlantic City in favor of newer, glitzier casino properties in the Philadelphia area. Those close to the company cite poor revenue as a motivation for the move, according to the Press.Ĭompany in good position fiscally city not so much In another sign of the hard times that have plagued Atlantic City for more than half a decade, the parent company of the Golden Nugget there are rumored to be looking into selling off the property, reports the Press of Atlantic City.
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