Home > News > Business > Nugget Sold to Las Vegas Gaming Company

Nugget Sold to Las Vegas Gaming Company

By Bob Conrad

the nugget

Image Courtesy The Nugget

The Nugget announced today that it has been sold to Las Vegas-based Marnell Gaming.

“Marnell Gaming has a rich family history within the Nevada gaming industry,” said Carlton Geer,
Nugget Casino Resort President and CEO. “Marnell Gaming’s portfolio of properties includes the Colorado Belle and Edgewater casino resorts, two of the major hotels on the Colorado River, located in Laughlin, Nevada.”

The Nugget was purchased in 2013 by affiliates of Global Gaming & Hospitality.

Geer said that benefits of existing player loyalty plans will remain and Marnell Gaming intends to keep the Nugget’s staff.

“The whole team here is excited about the future of the Nugget and about seeing you soon,” Greer added.

According to a statement on the Nugget’s website:

Upon completion of the transaction, Marnell will initiate a significant capital improvement plan for the property, which will include new slot machines, a complete renovation of the Nugget’s 800 West Tower hotel rooms and a complete renovation of the Nugget’s convention area, casino floor, restaurants and showroom.  In addition, members of the Nugget Advantage Rewards program will receive all of the benefits offered in Marnell’s planned corporate-wide players club and will not lose points, comps or privileges from their Nugget Advantage Rewards player club accounts. The transaction is expected to close in the second quarter of 2016 following customary regulatory review and approval by the Nevada Gaming Commission.”

Related Stories