Now called Golden Nugget Atlantic City, it has been universally praised by city and tourism leaders and the competition. Houston-based Landry’s, which owns the Golden Nugget casinos in Las Vegas, Laughlin and Biloxi, Miss., spent $150 million to transform the 740-room hotel-casino. The bargain-basement price cemented concern that Atlantic City, where citywide annual gaming revenues fell 41 percent over the past six years, was worse off than many believed. A few years earlier Trump Marina had been valued as high as $315 million. paid $38 million two years ago to acquire the rundown, money-losing Trump Marina, and analysts immediately predicted the gaming market’s demise. Mark Giannantonio, president of Resorts Casino Hotel, discusses the $60 million in renovations and expansion the Atlantic City casino has undertaken.
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