Tilman J. Fertitta, CEO-owner of Landry's Inc., announced the deal on Valentine's Day
In what they hope will be a sweetheart deal announced on Valentine Day yesterday, Tilman J. Fertitta, Chairman, President, CEO and owner of Landry’s, Inc., parent company to the Golden Nugget Las Vegas and Laughlin, announced that Landry’s has agreed to buy the Trump Marina Hotel and Casino in Atlantic City.
The name Golden Nugget was part of the early Atlantic City casino tradition. It was the first name of the property where the Hilton now stands, from 1980-1987, when Steve Wynn owned it.
According to Fertitta, “We are excited to bring the Golden Nugget back to Atlantic City. Our plan is to transform the Trump Marina into a luxurious and exciting hotel and casino with the highest level of service. All improvements are expected to be completed by the end of this year.” The Golden Nugget will honor all existing Trump Marina customer points and rewards, not only in Atlantic City but also in the Las Vegas and Laughlin Golden Nuggets.
Pending regulatory approvals necessary to complete the purchase, Landry’s plans to immediately make changes to the property and transform the hotel-casino into a Golden Nugget resort destination in the upscale Marina District next to Borgata and Harrahs.
The new Golden Nugget, the only casino with a full service marina, will continue the transformation of Atlantic City into a premier resort destination and feature a number of Landry’s award-winning restaurant concepts including Chart House, Red Sushi, Lillie’s Asian Cuisine and Noodle Bar and the nationally acclaimed Grotto Italian Ristorante and Vic & Anthony’s Steakhouse. They also plan to update the rooms and suites. The high energy Rush Lounge and a unique new After Hours will complement the new spa, poker room, race and keno room, improved showroom and the innovative H2O Pool and Lounge, which will introduce all season hot tubs and fire pits to deliver an experience unlike anything else available in Atlantic City.
This feels like one of the dominoes that are falling into place now that the state is moving forward with its plans for a special casino district. This property has been in dire need of updating for years, and if the improvements are made as advertised, should come back to life.
Pending approval by New Jersey casino regulators, the Meruelo Group of Downey, California, will purchase Trump Plaza for $20 million, and plans to close the deal by the end of May.
If all goes as planned, Atlantic City will have its most substantial non-gaming, built-from-the-ground-up and demographically diversified amenity in place by 2014.
Any notion that the Golden Nugget intended to sit back in the shadows and allow Revel to bask in the limelight alone is one that will be thoroughly dispelled this weekend.
Golden Nugget encouraged its guests, through a variety of construction-related promotions, to be part of the sweeping makeover that actually began a few weeks before the casino’s parent company, hospitality industry giant Landry’s Inc., purchased the former Trump Marina for $38 million.
Transformation — It's a buzz word that only refers to the overall vision of Landry's Inc., the parent company of Golden Nugget, but also ties in nicely with the major shifts taking shape in Atlantic City as a whole.
Open 24/7. European style brasserie that serves an upscale menu for breakfast, lunch and dinner, located directly off the atrium and casino. Michael Patrick’s menu is tailored to suit every food lover’s palate with the freshest ingredients from local markets. Menu highlights include: Cinnamon swirl french toast with warm syrup, Savory omelets, Hibachi beef skewers with lettuce wraps, Chicken pot pie spiked with sherry wine and pepper crusted flat iron steak on a spinach goat cheese potato cake. The restaurant also features homemade desserts, old fashioned style milkshakes and fresh fruit smoothies....
It’s not that comedian Kathleen Madigan isn’t grateful for the gig when she christens the new Showroom at the Golden Nugget on Saturday.
Cooked with just as much skill, the dense meat was left mid-rare at its center. This is smart. Swordfish, being inherently quite lean, doesn’t take well to overcooking. The cut was thick, pure in flavor and not aggressively seasoned.
Some of the qualities that allowed Tilman Fertitta to reach the apex of the business world, and transform Landry’s Restaurants Inc. into a conglomerate worth nearly $4 billion, he seems to carry around like a set of car keys.
By his own admission, Tilman Fertitta isn’t a gambling man. But that didn’t stop the Texas billionaire from recently placing a $38 million bet in Atlantic City when his company, Landry’s Inc., bought the financially-strapped Trump Marina and immediately re-branded it with one of the most iconic names in the gaming business: the Golden Nugget. “I’m really not a gambler in casinos, I never really have been,” Fertitta says. “I’d rather take a multi-million dollar gamble in business than spend a few dollars in a casino. Put it this way: Before I got into this business, they didn’t send many limos to pick me up.” Fertitta’s company was best known for its various restaurant brands before it got into...
There’s a new player in Atlantic City as the Golden Nugget officially took over operations of the former Trump Marina Tuesday, promising a $100 to $150 million renovation of the aging, and frankly, somewhat boring casino.
Food For Thought: It's Bacon Week!
Strolling The DO AC Wine Promenade
Free Tonic Concert at Showboat
Bay-Atlantic Symphony Sunday Series
Festival of Speed
Dazzling Diana Krall
Taste of Revel Returns