Mirage Resorts, previously Golden Nugget Companies, was an American company that owned and operated hotel-casinos. It was acquired by MGM Grand Inc. in 2000, forming MGM Mirage (now MGM Resorts International).
In 1980, the company opened the Golden Nugget Atlantic City in New Jersey, but Wynn's, and the company's interest, in Atlantic City did not last very long, due to frustration with state gaming regulators. The property was sold to Bally's Entertainment, and eventually became The Atlantic Club Casino Hotel.
The company was acquired in 2000 by MGM Grand Inc., which then changed its name to MGM Mirage, for $6.4 billion, including $2 billion in assumed debt, after an initial all-cash offer of $17 and a final offer of $21. The company was majority owned by Wynn.
Hotel and casinos owned at acquisition
- Golden Nugget Las Vegas
- Golden Nugget Laughlin
- The Mirage
- Treasure Island Hotel and Casino
- Beau Rivage
- Boardwalk Hotel and Casino
- Monte Carlo Resort and Casino (50%)
- Announced Le Jardin in Atlantic City. This turned into a 50% interest in what is now Borgata.
- "Steve Wynn, Mirage Resorts/Wynn Resorts". Retrieved 2009-12-07.