A young entrepreneur, Steve Wynn, bought up a majority interest in the Golden Nugget and began retooling it. He opened its first hotel tower.
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The 81-year-old is the founder of Wynn Resorts, a Nevada-based hotels and casino company, and made his fortune building famous gaming houses including the Bellagio, Treasure Island, Mirage, and Wynn Macau. Wynn has a net worth of $3.2 billion, according to an estimate from Forbes.
Golden Gate Hotel & Casino: FirstsAs the city's original casino, Golden Gate Hotel & Casino brought about many Las Vegas “firsts”, including: 1905: Land for Golden Gate (previously Hotel Nevada) is purchased, making it the first casino in Las Vegas. 1907: Las Vegas' first telephone is installed at Golden Gate.
The duo catapulted the Nugget into the national limelight on the Fox reality TV series Casino, but then sold it off to Landry's Inc. One of the Golden Nugget's claims to fame is the Tank, an outdoor pool featuring a three-story waterslide through a 200,000-gallon shark tank.