Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
Golden Nugget Finance Corp history
Golden Nugget Finance Corp company history timeline
In 1942 McAfee expanded his gambling operation when he purchased the Pioneer Club, near other casinos on glitzy Fremont Street in downtown Las Vegas.
Mirage got its start as the Golden Nugget casino, which opened in downtown Las Vegas in August 1945.
In 1948 the Golden Nugget unveiled a 100-foot-high electric sign to call attention to itself and compete with the lavish structures being built out of town on the Las Vegas Strip.
With this money, Golden Nugget broke ground on its Atlantic City development on September 5, 1979.
While it was making rapid progress in construction in the East, the company ran into legal difficulties in Las Vegas in 1980, when a Nevada grand jury subpoenaed company records to determine whether insider trading of Golden Nugget stock had taken place.
By January 1981 the Atlantic City casino was doing well, racking up a $2 million pretax profit, twice that of the Las Vegas casino, in that month alone.
When this proved insurmountable, Golden Nugget purchased instead, for $25 million, a 15-acre parcel of land in Atlantic City previously owned by MGM-Grand Hotels, in early 1983.
In addition to falling profits in 1984, Golden Nugget faced regulatory difficulties as a result of the organized-crime connections of Edward M. Doumani, a Las Vegas businessman who was its second largest shareholder after Wynn.
In November 1987 Golden Nugget broke ground on a massive project on the Las Vegas Strip next to the top-of-the-line casino Caesars Palace.
Nevertheless, Douglas fought Evander Holyfield at the Mirage in 1990.
In February 1992 Mirage completed improvements to its Laughlin property, which included an atrium with foliage and a waterfall, similar to the one so prominently featured at the Mirage, and additional restaurant and lounge facilities.
Construction of the Borgata (Italian for "village"; the Borgata would be somewhat similar to the Bellagio in regard to its Italian village concept) was slated to begin in the fall of 1999.
Rate how well Golden Nugget Finance Corp lives up to its initial vision.
Golden Nugget Finance Corp jobs
Do you work at Golden Nugget Finance Corp?
Is Golden Nugget Finance Corp's vision a big part of strategic planning?
Zippia gives an in-depth look into the details of Golden Nugget Finance Corp, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Golden Nugget Finance Corp. The employee data is based on information from people who have self-reported their past or current employments at Golden Nugget Finance Corp. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Golden Nugget Finance Corp. The data presented on this page does not represent the view of Golden Nugget Finance Corp and its employees or that of Zippia.
Golden Nugget Finance Corp may also be known as or be related to GOLDEN NUGGET FINANCE CORP and Golden Nugget Finance Corp.