Golden Nugget Can Serve as Role Model for PA Casinos - News : News
  • 3 minutes read
Published on
Update on

If there’s one property everyone should be looking into these days, it is the Golden Nugget. Having kept a relatively low profile, the Nugget is back in the limelight, expanding its footprint and beating all expectations.

In Atlantic city alone, the casino has managed to become the second most-grossing casino at the beginning of the year, behind the fixed market leader – Borgata. In 2018, Golden Nugget continued to keep in the top five casinos, managing to qualify fourth over the entire year.

However, the Nugget has been building a solid financial clout, managing to amass almost double what other casinos have been raking in. The Nugget was a very poorly recognized casino when it was managed by Trump Entertainment Resorts that has turned many respectable establishments into rather sub-par venues.

Owned by Texas billionaire Tilman Fertitta, the Nugget changed hands during one of sitting US President Donald Trump’s insolvency bids. Seized by creditors, the property was sold to Mr. Fertitta for the sum total of $38 million.

Online Gambling Builds Profit for the Nugget

The Nugget is Atlantic City’s smallest property which has long realized that to stay competitive, it would need to adapt. Adaptation in the case of the Nugget came in the form of online gambling. So far, analysts aren’t sure if the Nugget has been soaring because of the rather small market during the winter months or because of having successfully captured an important niche in the market.

The Golden Nugget has also been one of the visitors’ favorite. With its emphasis on quality, the property has managed to turn itself into one of the leading venues where various casino games can be enjoyed. To capitalize on its potential, the Golden Nugget has been introducing various promotions that are available to every visitor.

The land-based and online promos have been running separately as a courtesy to the specific needs of the two types of gamers. The Golden Nugget has also made sure that the casino now offers sports betting, courtesy of the struck-down PASPA repeal in May, 2018.

Though the Nugget remains a modest property compared to others in Atlantic City, it has managed to amass quite a bit in the way of total sports handle. With operators now expandingly rapidly in the Unite States, the Golden Nugget has managed to keep itself on par with the big players.

The success of the Golden Nugget may serve as inspiration for other developing markets. Pennsylvania has recently said it’s deferring the release of legalized iGaming in the state while a review is under way to better asses the risks of the DoJ’s latest Opinion on the Wire Act.  

Editor's Picks

PokerStars Now Fully Operational in Pennsylvania

Following a two-day day test period that kicked off on November 4, the Pennsylvania Gaming Control Board on Wednesday, November 6 approved PokerStars for full operations. Now the online gambling operator will be able to legally offer a range of online poker and casino games to the Pennsylvania gamblers. The debut of PokerStars in the […]

Did Pa. Lawmakers Overlook Terms of Mini Casino Sports Betting?

In a rather unexpected twist, there seems to be a possibility of an uneven playing field in as far as sports betting in the Keystone State is concerned. It is hard to tell if this was an intended move or whether it is a mere consequence of the way the state’s lawmakers dealt with the […]

PGCB Levies $120,000 in Fines for Gambling Failures

The Pennsylvania Gaming Control Board has recently issued a whopping $120,000 in fines as part of its regulatory efforts. These fines were issued against two of the Keystone State’s licensed gambling operators who had let their guard down and allowed for some regulatory failures to occur at their facilities. Before issuing the fines, the gaming […]

Similar Stories in Gambling

Pa. Gambling Industry Posts Lackluster Performance in April

In March 2019, the Keystone State established a new market record thus setting some rather high expectations for the months that would follow. Unfortunately, things took a rather unanticipated turn in April when the state posted falling gambling revenue. The Slump in Slot Machine and Table Game Revenue According to figures released by the Pennsylvania […]

Casinos Have Better Chances than Sports Betting in 3 US States

When PASPA was finally defeated in May, 2018 nobody hurried to speculate that casinos would be the place where most sports betting would take place anyway. Pennsylvania’s own casinos hadn’t submitted a sports betting license by June. Then some wondered – where else if not casinos? Sure, there were the race tracks, but would that […]

Pennsylvania Marks Month of Responsible Gambling in March

Pennsylvania’s Drug and Alcohol Programs (DDAP) Secretary Jen Smith met with recovering gambling addicts, officially marking the launch of the National Problem Gambling Awareness Month on March 2. Mr. Smith met with various noteworthy individuals who had admitted to being addicts and were actively participating in treatment programs. Speaking from Strawberry Square, Mr. Smith had […]

PA Lottery to Address Compulsive Gaming

The Pennsylvanian lottery may be in trouble, but what trouble is this exactly? On the one hand there’s the coming Department of Justice (DOJ) decision which will effectively throw a big spanner in the works. Even though it has been suggested that the DOJ wouldn’t be so foolish as to target lotteries, the danger is […]