Atlantic City’s Golden Nugget up for permanent license

    Wednesday is shaping up to be a golden day for the Golden Nugget.

    The Atlantic City casino formerly known as Trump Marina is up for a permanent casino license. The New Jersey Casino Control Commission is to vote on the license Wednesday morning.

    Update, 2:24 p.m. The New Jersey Casino Control Commission voted unanimously in favor of the license.

    Houston-based Landry’s Restaurants bought the casino last May for $38 million — about a tenth of what former owners Trump Entertainment Resorts nearly got for it just two years earlier. But that sale fell through and Atlantic City casino values collapsed as the economy headed south.

     

    Landry’s invested $150 million in renovations that included rebranding and covering the exterior in gold paint.

    The casino has been among the worst-performing in Atlantic City in recent years, but was one of only two to post a revenue increase in January.

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