Gold Strike Casino Boulder City Nevada
| Private | |
| Industry | Gaming & hospitality |
|---|---|
| Fate | Acquired by Circus Circus Enterprises |
| Defunct | 1995; 25 years ago |
| Headquarters | Jean, Nevada, U.S. |
Gold Strike Resorts was a family of gaming companies based in Jean, Nevada.
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Gold Strike Casino Boulder City Nevada Casinos
History[edit]
In 1994, Gold Strike announced a partnership with Mirage Resorts to build a $250-million casino targeted at budget-conscious visitors, on part of the site of the demolished Dunes golf course on the Las Vegas Strip.[1] It ultimately opened in 1996, following the merger, as the Monte Carlo.[2]
It was acquired in 1995 by Circus Circus Enterprises for $450 million in cash and stock.[3] The acquisition did not include the original Gold Strike near Boulder City, because the owners wanted to pass it on to their children.[4]
List of properties[edit]
- Gold Strike Hotel and Casino — Boulder City, Nevada
- Gold Strike Hotel and Gambling Hall — Jean, Nevada
- Grand Victoria Casino — Elgin, Illinois (50% ownership with Hyatt)
- Monte Carlo, Paradise, Nevada (50% owner in partnership with Mirage Resorts)
- Nevada Landing Hotel and Casino — Jean, Nevada
- Railroad Pass Hotel and Casino — Henderson, Nevada
Former properties[edit]
- Pioneer Club — Las Vegas, Nevada[5]
References[edit]
Gold Strike Casino Boulder City Nevada Homes For Sale
- ^Yoshihashi, Pauline (May 12, 1994). 'Mirage, Gold Strike sign pact to build a low-roller casino on Las Vegas Strip'. Wall Street Journal. – via Factiva (subscription required)
- ^Palermo, Dave. 'Monte Carlo debuts'. Las Vegas Review-Journal. – via Factiva (subscription required)
- ^'Circus Circus-Buy -2-: Ensign Named Vice Chmn, Oper Chief'. Dow Jones News Service. June 1, 1995. – via Factiva (subscription required)
- ^Vogel, Ed (May 23, 1995). 'Merger plan gets approval'. Las Vegas Review-Journal. – via Factiva (subscription required)
- ^Vogel, Ed (December 18, 1992). 'Pioneer Club owners will highlight Vegas Vic's appeal'. Las Vegas Review-Journal. – via Factiva (subscription required)
| Terrible's Hotel & Casino | |
|---|---|
| Location | Jean, Nevada, U.S. |
| Address | 1 Main Street |
| Opening date | December 1987; 33 years ago |
| Theme | Old West |
| No. of rooms | 811 |
| Total gaming space | 40,006 sq ft (3,716.7 m2) |
| Casino type | Land-based |
| Owner | JETT Gaming |
| Website | terribles-hotel-casino.business.site |
Terrible's Hotel & Casino, formerly the Gold Strike Hotel and Gambling Hall, is a hotel and casino located in Jean, Nevada, approximately 13 mi (21 km) north of the California state line, and about 32 miles (51 km) south of Downtown Las Vegas. It opened in 1987. It is owned and operated by JETT Gaming. It has 811 rooms, several restaurants, and 40,006 square feet (3,716.7 m2) of gaming space.[1] Following the ongoing coronavirus pandemic, the hotel-casino currently remains closed since March 2020.
Gold Strike Casino Boulder City Nevada Casino
History[edit]
The Gold Strike was opened in December 1987 by Dave Belding and two other partners who owned the original Gold Strike Hotel near Boulder City.[2] After it did better business than expected, a sister property, the Nevada Landing Hotel and Casino, was developed on the other side of the freeway and opened in 1989.[2]
The two properties became part of the Gold Strike Resorts family of companies, which was acquired in 1995 by Circus Circus Enterprises (later named Mandalay Resort Group).[3][4] They were then acquired in 2005 by MGM Mirage (later named MGM Resorts International) as part of its buyout of Mandalay.[5]
In February 2007, MGM Mirage announced plans to close the Nevada Landing and build a master-planned community and a new casino hotel on the 166 acres (0.67 km2) it owned in the area, in a joint venture with American Nevada Corp. and the Cloobeck Cos. The Gold Strike would remain open.[6] The Nevada Landing closed in March 2007 and was demolished, leaving the Gold Strike as the only casino in Jean.[7] The planned redevelopment was canceled in 2008, however, because of the economic downturn.[8]
In October 2014, MGM agreed to sell the Gold Strike for $12 million[9] to JETT Gaming, owned by the Herbst family.[10] The sale was completed in May 2015.[11]
JETT Gaming performed upgrades and renovations to the property, including the installation of a new video marquee sign, the Off-Road Motorsports Hall of Fame, and a display of cars from popular movies.[12][13][14] On November 1, 2018, the name of the casino was changed from Gold Strike to Terrible's, the same name used by the Herbst family's convenience stores and gas stations.[15]
References[edit]
- ^'Listing of Financial Statements Square Footage'. Nevada Gaming Control Board. Retrieved March 4, 2019.
- ^ abCarl Yetzer (October 8, 1989). 'High stakes at the border'. San Bernardino County Sun – via Newspapers.com. (Part 2 of article)
- ^'Circus Circus—owner of casino in Tunica—will buy Gold Strike'. The Sun Herald. Biloxi, MS. AP. March 21, 1995 – via NewsBank.
- ^David Cay Johnston (April 23, 1995). 'Casino not bad gamble'. Kansas City Star. New York Times – via NewsBank.
- ^Liz Benston (April 26, 2005). 'Historic acquisition final'. Las Vegas Sun. Retrieved 2019-03-04.
- ^Stutz, Howard (February 13, 2007). 'Nevada Landing about to sink'. Las Vegas Review-Journal. Archived from the original on March 3, 2007. Retrieved March 26, 2007.
- ^'Hard landing: Casino slowly being demolished'. Las Vegas Business Press. May 12, 2008 – via NewsBank.
- ^Howard Stutz (August 5, 2008). 'MGM halts Jean project'. Las Vegas Review-Journal – via NewsBank.
- ^Form 10-K: Annual Report (Report). MGM Resorts International. March 2, 2015. p. 76. Retrieved April 6, 2015 – via EDGAR.
- ^Morris, J.D. (October 16, 2014). 'MGM Resorts selling Gold Strike in Jean'. Vegas Inc. Retrieved October 24, 2014.
- ^Jones, Lars (May 4, 2015). 'MGM/Jett Gaming LLC close on Gold Strike Casino'. World Casino News. Retrieved July 27, 2015.
- ^Jordan Gartner. 'Gold Strike hotel-casino in Jean is becoming Terrible's'. KTNV-TV. Retrieved 2019-03-04.
- ^Christopher Lawrence (April 7, 2017). '5 cars from 'The Fast and the Furious' on display in Southern Nevada'. Las Vegas Review-Journal. Retrieved 2019-03-04.
- ^'After renovation, Gold Strike rebrands to Terrible's Hotel & Casino'. CDC Gaming Reports. October 31, 2018. Retrieved 2019-03-04.
- ^'Gold Strike hotel-casino in Jean to be rebranded as Terrible's'. Las Vegas Review-Journal. October 17, 2018. Retrieved 2019-02-28.
External links[edit]
Coordinates: 35°46′37″N115°19′40″W / 35.77694°N 115.32778°W