Key Takeaways
- The General Manager of the Golden Nugget in Atlantic City has said that they are open to offers for the casino.
- Bought fo $38m in 2011, and refurbished for $150m in 2012, the casino remains loss making.
- The potential internet gambling revenues following the opening of New Jersey’s regulated market may be highly attractive to some bidders.
- Owner Tilman Fertita is unlikely to want to exit the casino business given the prospects for regulated online gaming.
Atlantic City Casino, the Golden Nugget, will “listen to any proposal” with regard to a sale, according to a statement issued by General Manager Tom Pohlman on Friday.
