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Poster Financial Group
Golden Nugget Hotels & Casinos is an American chain of luxury hotels and casinos. It currently operates five casino resorts in Nevada, Louisiana, New Jersey, and Mississippi. The original location was the Golden Nugget Las Vegas which opened in 1946. The company runs as a division of Landry's Hospitality within the Fertitta Entertainment portfolio. History Original Golden Nugget The Golden Nugget Las Vegas opened in 1946 in Downtown Las Vegas. Over time, notable members of the ownership group featured Jackie Gaughan and Steve Wynn.Gaughan changeover leaves workers a little melancholy ''Las Vegas Sun'', March 25, 2004, accessed May 16, 2012. Wynn later became the majority stakeholder in 1973, making him the youngest casino owner in Las Vegas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jackie Gaughan
John Davis Gaughan, Sr. (October 24, 1920 – March 12, 2014) was a casino owner and operator from the early 1950s in Las Vegas, Nevada. He had an ownership stake in many casinos throughout his career, but he is best known for his ownership of the El Cortez, where he resided until his death on March 12, 2014.Eric RyanJackie Gaughan, El Cortez integral parts of downtown Las Vegas' rebirth ''Las Vegas Sun'', May 6, 2012, accessed May 16, 2012. At one time Gaughan reportedly owned more than 25 percent of the available real estate in Downtown Las Vegas.Gaughan changeover leaves workers a little melancholy ''Las Vegas Sun'', March 25, 2004; accessed May 16, 2012. Biography Gaughan grew up in |
Siegfried & Roy
Siegfried & Roy were a duo of German-American magicians and entertainers, best known for their appearances with white lions and white tigers. It was composed of Siegfried Fischbacher (June 13, 1939 – January 13, 2021) and Roy Horn (born Uwe Ludwig Horn; October 3, 1944 – May 8, 2020). From February 1, 1990, until Horn's career-ending injury on his birthday on October 3, 2003, the duo formed ''Siegfried & Roy at the Mirage Resort and Casino'', which was regarded as the most-visited show in Las Vegas, Nevada. From August 2004 to May 2005, Fischbacher and Horn were executive producers of the animated sitcom '' Father of the Pride''. Early life Fischbacher and Horn were born and raised in Germany. They moved to the United States and became naturalized citizens in 1988. Siegfried Siegfried Fischbacher was born in Rosenheim, Bavaria, Germany, on June 13, 1939, to Martin and Maria Fischbacher. His mother was a housewife, and his father a professional painter who during World W ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Michael Milken
Michael Robert Milken (born July 4, 1946) is an American financier. He is known for his role in the development of the market for high-yield bonds ("junk bonds"), and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws. Milken's compensation while head of the high-yield bond department at Drexel Burnham Lambert in the late 1980s exceeded $1 billion over a four-year period, a record for U.S. income at that time. With a net worth of $6 billion as of 2022, he is ranked by ''Forbes'' magazine as the 412th richest person in the world. Milken was indicted for racketeering and securities fraud in 1989 in an insider trading investigation. As the result of a plea bargain, he pleaded guilty to securities and reporting violations but not to racketeering or insider trading. Milken was sentenced to ten years in prison, fined $600 million (although his personal website claims $200 million) and permanently barred from the securities indust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High-yield Debt
In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade by credit rating agencies. These bonds have a higher risk of default or other adverse credit events, but offer higher yields than investment-grade bonds in order to compensate for the increased risk. Default risk As indicated by their lower credit ratings, high-yield debt entails more risk to the investor compared to investment grade bonds. Investors require a greater yield to compensate them for investing in the riskier securities. In the case of high-yield bonds, the risk is largely that of default: the possibility that the issuer will be unable to make scheduled interest and principal payments in a timely manner. The default rate in the high-yield sector of the U.S. bond market has averaged about 5% over the long term. During the liquidity crisis of 1989-90, the default rate was in the 5.6% to 7% range. During the pandemic o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Mirage
The Mirage is a casino resort on the Las Vegas Strip in Paradise, Nevada, United States. It is owned by Vici Properties and operated by Hard Rock International. The 65-acre property includes a casino and 3,044 rooms. Golden Nugget, Inc., led by developer Steve Wynn, purchased the future land of the Mirage in 1986. A hotel-casino, the Castaways, occupied a portion of the property and was demolished to make way for the Mirage. The resort opened on November 22, 1989, after two years of construction. It was the world's most expensive resort, completed at a cost of $630 million. It was also among the world's largest hotels. The Mirage was the first megaresort to open on the Las Vegas Strip, and its success prompted a building boom in the 1990s for other large resorts along the Strip. The Mirage opened with several non-traditional attractions for a Las Vegas casino. Features include animal habitats for dolphins and tigers, and an indoor tropical forest display. Its primary attracti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Las Vegas Strip
The Las Vegas Strip is a stretch of Las Vegas Boulevard South in Clark County, Nevada, that is known for its concentration of resort hotels and casinos. The Strip, as it is known, is about long, and is immediately south of the Las Vegas city limits in the unincorporated towns of Paradise and Winchester, but is often referred to simply as "Las Vegas". Many of the largest hotel, casino, and resort properties in the world are on the Strip, known for its contemporary architecture, lights, and wide variety of attractions. Its hotels, casinos, restaurants, residential high-rises, entertainment offerings, and skyline have established the Strip as one of the most popular and iconic tourist destinations in the world and is one of the driving forces for Las Vegas's economy. Most of the Strip has been designated as an All-American Road, and the North and South Las Vegas Strip routes are classified as Nevada Scenic Byways and National Scenic Byways. Boundaries Historically, casino ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Golden Nugget Laughlin
The Golden Nugget Laughlin (formerly the Nevada Club) is a hotel and casino located on the banks of the Colorado River in Laughlin, Nevada. It is owned and operated by Landry's, Inc. It offers a number of restaurants, 300 guest rooms and suites, a casino floor, and meeting spaces. The Golden Nugget offers water taxi service from Bullhead City, Arizona, on the opposite side of the river. Restaurants at the Golden Nugget include Bubba Gump Shrimp Company, Claim Jumper, Saltgrass Steak House and Bean and Bread. History The property was previously known as the Nevada Club. In 1986, the resort underwent a major renovation. In 1988, the Del Webb Corporation sold the Nevada Club to Golden Nugget Inc. for $40 million, and it was renamed as the Golden Nugget Laughlin. The 300-room hotel was added to the property in 1992, along with a parking garage, new restaurants, and tropical theming, including an indoor rainforest. In 2004, it was acquired by Poster Financial Group. On May 31, 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Laughlin, Nevada
Laughlin is an unincorporated resort town and census-designated place in Clark County, Nevada, United States. It is located on the Colorado River, directly across from the much larger Bullhead City, Arizona. Laughlin lies south of Las Vegas, in the far southern tip of Nevada, and is known for its gaming and water recreation. As of th2020 census the population was 8,658. The nearby communities of Bullhead City, Arizona; Needles, California; Fort Mohave, Arizona; and Mohave Valley, Arizona, bring the area's total population to about 100,000. Laughlin is also northeast of Los Angeles. Laughlin was named for Don Laughlin, an Owatonna, Minnesota, native who purchased the southern tip of Nevada in 1964 (informally called South Pointe). At the time, Don Laughlin operated the 101 Club in Las Vegas. He opened what would become the Riverside Resort, and later wanted to call the community Riverside or Casino, but the post office opted for Laughlin instead. History The townsite ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Atlantic Club Casino Hotel
The Atlantic Club Casino Hotel, formerly known as Golden Nugget, Bally's Grand, The Grand, Atlantic City Hilton and ACH, is an abandoned hotel and casino located at the southern end of the boardwalk in Atlantic City, New Jersey, owned and operated by Colony Capital. It was the city's first and only "locals casino". The Atlantic Club permanently closed on January 13, 2014, at 12:01 AM, largely as a result of dwindling casino visitors to Atlantic City due to increased competition in neighboring states. A third of Atlantic City's boardwalk casinos closed the same year, the others being Revel, Trump Plaza, and Showboat. Redevelopment proposals include a water park. On November 6, 2013, Atlantic Club owner Resorts International Holdings, itself owned by Colony Capital, filed for chapter 11 bankruptcy protection and a source revealed to the ''Wall Street Journal'' that a bankruptcy sale would occur. On December 23, 2013, Federal Bankruptcy Judge Gloria M. Burns approved the sale of A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bally's Entertainment
Bally Manufacturing, later renamed Bally Entertainment, was an American company that began as a pinball and slot machine manufacturer, and later expanded into casinos, video games, health clubs, and theme parks. It was acquired by Hilton Hotels in 1996. Its brand name, and mid-20th century pinball & slot machine logo, are still used by several businesses with some trademark rights, most notably Bally Technologies and Bally's Corporation. History The Bally Manufacturing Corporation was founded by Raymond Moloney on January 10, 1932, when Bally's original parent, Lion Manufacturing, established the company to make pinball games. The company took its name from its first game, "Ballyhoo". The company, based in Chicago, quickly became a leading pinball maker. In the late 1930s, Moloney began making gambling equipment, and had great success developing and improving the mechanical slot machines that were the core of the nascent gaming industry. After manufacturing munitions and airpla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Atlantic City, New Jersey
Atlantic City, often known by its initials A.C., is a coastal resort city in Atlantic County, New Jersey, United States. The city is known for its casinos, Boardwalk (entertainment district), boardwalk, and beaches. In 2020 United States census, 2020, the city had a population of 38,497. 0 °C), at least four months with an average mean temperature ≥ 50 °F (≥ 10 °C), at least one month with an average mean temperature ≥ 72 °F (≥ 22 °C) and no significant precipitation difference between seasons. During the summer months in Atlantic City, a cooling afternoon sea breeze is present on most days, but episodes of extreme heat and humidity can occur with heat index values ≥ 95 °F (≥ 35 °C). During the winter months, episodes of extreme cold and wind can occur with wind chill values < 0 °F (< −18 °C). The plant hardiness zone at Atlantic City Beach is 8a with an average annual extreme minimum air temperature of 11 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
