It is located on the banks of the Colorado River. The property features a tropical theme, including a rainforest jungle, with restaurants, retail shops, a 300-room hotel, nightclub and casino. purchased a casino-hotel in Laughlin, which had opened in 1968, and renamed it Golden Nugget Laughlin. Golden Nugget Las Vegas has received the AAA Four Diamond Award perennially since 1977.
It is the largest resort in downtown Las Vegas with 1,907 guest rooms 38,000 square feet of gaming space including 1,260 slots and 58 gaming tables, and 29,000 square feet of meeting and banquet space. Golden Nugget Las Vegas opened as a gambling hall in 1946. 'From an MGM MIRAGE perspective, the proceeds raised from this transaction will enable us to deploy capital in several high return growth opportunities we see developing both domestically and internationally.' We wish the new owners great success in the future,' said Terry Lanni, Chairman and Chief Executive Officer of MGM MIRAGE. 'We have enjoyed our relationship with the Golden Nugget properties and are very proud of their employees. The company expects to report a modest gain in the first quarter. MGM MIRAGE (NYSE:MGG) announced today that it has completed the previously announced sale of the Golden Nugget Las Vegas and Golden Nugget Laughlin to Las Vegas-based private investment firm Poster Financial Group, Inc.
