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Biloxi Isle Casino Purchased By Las Vegas Gaming Firm

From: News Release  11/30/12  GCN

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 yesterday 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.

Mr. Fertitta, through various wholly-owned affiliates, operates three (3) Golden Nugget Hotels and Casinos which are located in Las Vegas and Laughlin, Nevada and Atlantic City, New Jersey.

Las Vegas - Winner of the AAA Four Diamond Award consecutively since 1977, the Golden Nugget Las Vegas is the most luxurious resort on the Fremont Street Experience, and consistently receives critical acclaim for exceeding customer expectations. The Golden Nugget Las Vegas now offers more than 2,400 deluxe guestrooms and suites; a high-energy casino featuring the most popular slot and video poker machines, table games, race and sports book, and poker room; nightly entertainment with master impressionist and comedian Gordie Brown; world-class restaurants such as Grotto Italian Ristorante and Vic & Anthony's Steakhouse; a luxury spa and salon; and The Tank (rated one of the world's top ten pools), a year-round outdoor swimming pool complete with a 200,000-gallon, live shark aquarium and the new H20 poolside lounge.

Atlantic City -
The Golden Nugget Atlantic City, winner of the AAA Four Diamond award, is a premier resort destination located on the Frank S. Farley Marina and offers guests 727 beautifully remodeled rooms and suites. The entire property completed a $150 million renovation, taking on a fresh, modern look to include a high-energy casino featuring the most popular slot and video poker machines, table games, and poker room; nightly entertainment, new bars and lounges, stylish retail offerings, as well as Landry's signature world-class restaurants such as Chart House and Vic & Anthony's Steakhouse; a luxury spa and salon; and H20 poolside lounge. New owners, Landry's, Inc, have introduced first-class accommodations, exquisite dining options and fun-filled entertainment venues unlike anything else available in Atlantic City. The Golden Nugget has already established strong brand recognition worldwide with locations in both Las Vegas and Laughlin, NV.

Laughlin - An oasis in the desert, the Golden Nugget Laughlin is a hotel-casino located on the banks of the Colorado River, near the Arizona and California borders, in Laughlin, Nevada. The whimsical, tropical-themed resort features top-notch restaurants, comfortable guest rooms and some of the hottest gaming action in Laughlin all accented with personalized service and hospitality that have earned the hotel and casino many accolades. Guests can bask in a tropical paradise where the intimacy and serenity of the Colorado River region meets the high-energy gaming action of Nevada. The casino features slot and video poker machines, including progressive-play machines; table games, and a complete race and sports book, which is linked to the Golden Nugget Las Vegas for the most up-to-the-minute betting lines. In addition to gaming guests can wet their palate at several signature dining concepts featuring Harlow's, Joe's Crab Shack and Saltgrass Steak House before partaking in the energy of the nightclub/lounge.

Landry's is a national, diversified restaurant, hospitality and entertainment company principally engaged in the ownership and operation of high end and casual dining restaurants, primarily under the names of Landry's Seafood House, Rainforest Cafe, McCormick & Schmick's Seafood Restaurant, The Chart House, Bubba Gump Shrimp Co., Claim Jumper, Saltgrass Steak House and Oceanaire, as well as a fine dining signature group of restaurants: Morton's Steakhouse, Vic & Anthony's, Grotto, Willie G's and others. The Company is also engaged in the ownership and operation of gaming, hospitality and entertainment businesses, including the Golden Nugget Hotel & Casinos in Las Vegas and Laughlin, Nevada, and Atlantic City, the Kemah Boardwalk, the San Luis Resort Complex, and the Downtown Aquariums in Denver and Houston. Landry's and Mr. Fertitta's affiliated companies will generate approximately $2.5 billion in revenues in 2012.

SOURCE Golden Nugget

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