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HOME > NEWS > Investor News > Fertitta acquires Isle casino in Biloxi

Fertitta acquires Isle casino in Biloxi

30 November 2012

HOUSTON, Texas -- (PRESS RELEASE) -- Tilman J. Fertitta, sole owner, chairman and CEO of Landry's, Inc., parent company of the Golden Nugget Las Vegas, Atlantic City and Laughlin, announced today that Fertitta Entertainment completed the acquisition of the Isle Casino in Biloxi.

"We've been looking to extend the Golden Nugget's footprint to Biloxi for years and we're excited to make major changes to the property and to the South, a personal interest of mine," said Fertitta. "The Golden Nugget transformation will rejuvenate Biloxi, much as we have helped rejuvenate Downtown Las Vegas and most recently the Marina District in Atlantic City."

The Golden Nugget Biloxi will serve as a premier resort destination in the South, offering guests 720 rooms and suites. Plans for the property will enhance the appearance and reputation of the third largest casino hotel in the Biloxi/ Gulfport marketplace. Extensive transformational renovations to the Golden Nugget Biloxi will include a brand new, expanded casino floor, new bars, restaurants, stylish retail offerings and updated rooms and suites. There will be a high energy Rush Lounge to complement a remodeled spa and poker room. For those who want to enjoy the outdoors, an innovative H2O Resort Pool and Ultra Lounge will offer all season hot tubs and fire pits. Together these enhancements and additions will deliver an exhilarating experience unlike anything available in Biloxi.

Building on The Golden Nugget's tradition of dining excellence, three of Landry's, Inc's established signature, award-winning concepts will be included in the new building: Bubba Gump Shrimp Co.; Lillie's Asian Cuisine, traditional and modern Chinese food in a chic, contemporary ambiance; and Morton's The Steakhouse, a world-class steakhouse.

The property will begin its unrivaled $100 million transformation in January, 2013. All improvements are expected to be completed by March, 2014.

The Golden Nugget has strong brand recognition worldwide, following multi-million dollar investments and transformations making each property one of the top hotel-casinos in Las Vegas, Atlantic City and Laughlin. Landry's plans to bring the same type of energy and notoriety to the Biloxi property in 2013.


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