John Ascuaga's Nugget Casino sale finalized

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Updated: 12/16/2013 10:46 pm
SPARKS, Nev. (KRNV & MyNews4.com) - Affiliates of Global Gaming & Hospitality (GGH) and Husky Finance are officially the new owners of John Ascuaga’s Nugget Casino Resort in Sparks, Nevada. They tell News 4 the sale closed early Monday morning, December 16, 2013.

The new owners say their plans are to invest, "up to $50 million dollars into the property in the coming months to update and renovate the Nugget’s casino floor, hotel rooms, restaurants, convention space, exterior and signage, as well as adding new restaurant concepts and entertainment venues."

The Nugget will operate under the leadership of new President and CEO, Carlton Geer. Geer is also co-owner and managing partner of GGH. In a news release Geer said, "We appreciate the Ascuaga family’s support and assistance during this transition... They have been a major contributor to the community in all respects. Over a period of 58 years, they built a significant gaming resort that will be enduring.”

The property’s name, John Ascuaga’s Nugget, will remain in the near term. The property’s former owner and namesake, John Ascuaga, has been named Chairman Emeritus.

New owners say no lay-offs are planned as a result of the sale, and management positions vacant due to historical attrition are expected to be filled and announced soon.

The Nugget's community programs, such as providing Thanksgiving and Christmas dinners at St. Vincent's Dining Room and annual Nugget scholarship awards will continue. The Nugget's premier special events like the Best in the West Nugget Rib Cook-Off and Star Spangled Sparks will also carry on.
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Diagda - 4/13/2014 7:35 PM
0 Votes
Let me correct the last name is Ascuaga's there I corrected it :)

Diagda - 4/13/2014 7:31 PM
0 Votes
Good luck to,the new owners and best wishes to John Asquargas family I hope I didn't mispell the family last name ? Lol

Diagda - 4/13/2014 7:29 PM
0 Votes
I have worked for the Nugget years ago and met Johnny A he is a class act bravo for him to keep the workers and local cummunity activities going and local festival events , I suggest not do any major brand name changes the brand name is important if there is any change drop the name John asquargas nugget to,simply "THE NUGGET " you want traditional value and simplicity in brand name recall and association to a resort destination I'm currently securing. A coa in management in college and a poly-science degree . The key differential is going to draw cross generational entertainment performances younger singers can sing in the round outdoors not directly connected to the casino if it's a Justin Bieber obvious draw of younger fans not gaming fans product mixing is important making the casino RESORT unique draw

RELLIK - 12/17/2013 7:10 AM
0 Votes
Is it True the New Owners are also Adding in a Gilleys Dance Saloon?

Speed - 12/16/2013 6:52 PM
0 Votes
I'm not familiar with the group that bought the Nugget,but it sounds like they plan to do good things,and I like that they're going public in saying they'll continue the special events the Nugget has become known for and plan on keeping the crew intact. That last part flies in the face of most Corporate buyouts,and I believe will pay off in the future,if for no other reason than employee loyalty. I've always liked the Nugget,but some renovations ARE needed. Can't wait to see how it does in the next year.
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