ATLANTIC CITY, NJ-After continuing losses, despite a $150-million renovation, the owner of the Golden Nugget Atlantic City says it will listen to offers for the possible sale of the casino or its Internet gambling rights.
Houston-based Landry's Inc. says it has been approached by the investment bank Houlihan Lokey to consider selling Golden Nugget or its Internet gambling rights “due to some interest from outside parties,” according to the Press of Atlantic City.
“In light of our $200-million investment in this gaming asset and less than stellar results in the Atlantic City market, Landry's indicated to Houlihan Lokey that it would listen to any proposal,” Tom Pohlman, Golden Nugget's executive vice president and general manager, said in a statement. “However, absolutely no decision has been made to sell the property or Internet gaming rights.” See story in the Press of Atlantic City.
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