golden nugget casino atlantic city new jersey

The Associated Press surveyed several dozen Golden Nugget customers, with many saying they liked its outdoor deck and gambling areas, its restaurants and staff one patron swears it uses the biggest olives in their Bloody Mary drinks of any Atlantic City casino. Its outdoor deck is popular with gamblers in the summer, and it offers outdoor gambling there when the weather permits wire straps hold down cards and money so they don’t blow into the nearby waterways. It also was the first in the market to offer internet gambling with live dealers, broadcast from a video studio deep inside the casino. Internet gambling is one of Golden Nugget’s core successes the casino was an early, aggressive adopter of online gambling. “That allows them to best utilize their attributes and facilities that they do have,” he said. It tends to cater to locals and day-trippers. 2 in January, but also may be a factor that causes it to come back toward the pack when the weather warms up and land-based casinos predominate, Pandit said.Īs the smallest casino in town, with 720 rooms, the Golden Nugget is also the most gambling-centric, Pandit added, deriving nearly three-quarters of its revenue from gambling. That’s a factor in why the property was No. He notes that a third of Golden Nugget’s revenue comes from internet gambling, which represents a greater share of Atlantic City’s overall gambling market in the slower fall and winter months. In January, the Golden Nugget’s $26.7 million in gambling revenue trailed only the Borgata, which won $55.8 million.Ĭan it keep up that pace? Rummy Pandit, executive director of the Lloyd Levenson Institute of Gaming, Hospitality & Tourism at Stockton University, isn’t so sure. It posted double-digit growth in five of the seven years since, and took in $327.8 million last year. The casino’s gambling earnings soared by more than 67 percent in Fertitta’s first full year of ownership, to $130.4 million. He bought the casino from Trump Entertainment, the company founded by now-President Donald Trump, in May 2011, when the New York real estate mogul’s involvement in Atlantic City was little more than the use of his name on three casinos he used to own but later lost control of to creditors.įertitta paid $38 million for the casino, which at the time was known as Trump Marina, and quickly plowed an additional $150 into it to make it more competitive, redoing the inside and outside and shedding the drab institutional appearance that made it look more like a hospital than a casino. The casino is one of five owned by Texas billionaire Tilman Fertitta, who also owns the NBA’s Houston Rockets and is featured on the “Billion Dollar Buyer” TV show.

Golden nugget casino atlantic city new jersey