Golden Nugget Atlantic Metropolis Begins Multimillion-Greenback Renovation

Posted on: February 26, 2024, 03:40h. 

Final up to date on: February 26, 2024, 04:48h.

Golden Nugget Atlantic Metropolis is embarking on a multimillion-dollar renovation of the Marina District property.

Golden Nugget Atlantic City renovation
Golden Nugget Atlantic Metropolis is updating its 700 resort guestrooms to imitate the room pictured. Officers with the Marina District on line casino resort say the room makeovers can be accomplished by Could 2024. (Picture: Golden Nugget Atlantic Metropolis)

Owned and operated by billionaire Tilman Fertitta’s Houston-based Landry’s, officers with the Golden Nugget in Atlantic Metropolis introduced final week that the resort’s roughly 700 resort guestrooms are being refreshed. Saying the venture will ship “transformative resort upgrades,” property Normal Supervisor Tom Pohlman revealed the funding consists of new furnishings, totally reworked bogs with glass-enclosed walk-in showers, and up to date flooring corridors.

We’re desirous to launch this new, multi-phased resort renovation venture for our Atlantic Metropolis on line casino property,” stated Pohlman. “We’re excited to proceed to boost our property and unveil a refreshed and elevated room product that company will take pleasure in.”

A launch defined that the room renovations embody quite a few inside enhancements reminiscent of designer furnishings and lounge seating in “soothing impartial tones” and accent lighting scones. Bedside comfort installations are additionally deliberate, together with built-in USB and USB-C retailers.

Marina Makeovers

Golden Nugget Atlantic Metropolis’s room renovations come after the on line casino up to date a number of restaurant and assembly areas.

The resort’s Chart Home, one in all Landry’s luxurious restaurant manufacturers, not too long ago underwent a design refresh, and a Dos Caminos opened on the property final July. Golden Nugget’s assembly areas, the on line casino’s launch added, have been additionally not too long ago upgraded.

Landry’s investments into its Golden Nugget Atlantic Metropolis vacation spot, which opened as Trump’s Fortress in 1985 and was later often called Trump Marina, comes after the on line casino’s two neighbors underwent main renovations.

MGM Resorts accomplished a $55 million makeover of Borgata final yr that resulted within the newly branded MGM Tower. The previous Water Membership overhaul coincided with the on line casino’s twentieth anniversary.

Earlier than the pandemic, Caesars Leisure spent $80 million on updating Harrah’s. The greater than 900 guestrooms and suites have been refreshed in what was a much-needed replace.

Golden Nugget Seeks Rebound

Golden Nugget is the main iGaming operator in New Jersey. Its on-line on line casino platforms generated gross gaming income (GGR) of about $524.8 million final yr, or 27% of the $1.9 billion that the 9 casinos received on-line from interactive slots and desk video games.

Whereas its on-line operations have grown exponentially in recent times, Golden Nugget’s brick-and-mortar enterprise has suffered.

The Golden Nugget’s bodily on line casino flooring reported GGR of about $219.7 million in 2017, the final yr earlier than Exhausting Rock and Ocean opened. The competitors poached play from the seven different casinos, together with Golden Nugget, because the on line casino reported 2019 GGR of $199 million, a 9.4% discount.

Retail play has additional dwindled at Golden Nugget. The on line casino received $148.8 million in 2022 and $146.1 million final yr.

The Nugget’s renovation may trace that Fertitta has modified his stance on Atlantic Metropolis. In 2019, the billionaire stated the city probably isn’t able to supporting 9 casinos.

It’s not a nine-casino market. I don’t perceive why no one realizes that,” Fertitta stated on the time.

Talking of the Exhausting Rock and Ocean openings — previously the Trump Taj Mahal and Revel — Fertitta stated these properties employed 1000’s of staff however “each different on line casino has had layoffs. I don’t know the way large the web acquire is.”

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