Golden Nugget Casino London Closure
Closes its doors as of the 11th of February 2014. London Clubs International was rumored to be up for sale (lCI For Sale) but it never materialised and Ceasers entertainment played down its valuation by Goldman Sachs as just a regular stock valuation of its business. Located on Shaftesbury Avenue it was once frequented by the many many business owners on the close by chinatown as their prefered place to relax and gamble it was a thriving casino.
Chairman and CEO Tilman Fertitta confirmed to CNBC he is considering a return to the public markets. 'I've listened to bankers, and they've said some very intriguing things.
- A Thursday statement from downtown property Golden Nugget said “all active full-time and part-time team members” — those who were working up until the closure — will receive two weeks of pay.
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It did become overshadowed over time firstly by London Clubs own Casino, The Empire and then the hugely successfully Hippodrome, perhaps it was only a matter of time that one of the casinos in the Leicester Square area was to close it doors
A sad day for the Casino Industry
Golden Nugget Closing
The Golden Nugget Lake Charles is set to reopen for the third time since March.
The casino-resort will reopen Tuesday at 12:30 p.m. with social distancing and cleaning guidelines in place.
Golden Nugget Casino London Closures
Owned by billionaire Tilman Fertitta, The Golden Nugget temporarily closed from March to May amid the coronavirus pandemic. It closed again as Louisiana faced a one-two punch of a duo of hurricanes in six weeks: Hurricane Laura on August 27 and Hurricane Delta on October 9.
HURRICANE RELIEF: Tilman Fertitta donates $1M to help Landry's employees affected by Hurricane Laura
While Delta caused minimal damage, allowing the casino to reopen within days, Laura had a larger impact.
“Laura caused some damage. It took us a couple of weeks to reopen,” The Golden Nugget Lake Charles senior vice president and general manager Gregory Hennagin told the Houston Chronicle. “We had roof and water damage. We also had damage to some of the guest rooms. The restaurants and casino floor were left relatively untouched.”
Despite being closed to the public during both cyclones, the hotel and restaurants remained open. But not to paying customers.
“We’ve had more than 500 first responders and electrical workers staying with us since Laura,” said Hennagin. “They are helping to restore power and services to the area.”
The hotel has also provided temporary housing and meals for staff members.
“We have had quite a few of our employees and their families who suffered during Laura staying here,' said Hennagin. 'This has been a difficult time for folks.'
Stepping in to help, Fertitta in September donated $1 million to the Landry’s Employees of Lake Charles Relief Fund, a 501(c)(3) nonprofit. The relief effort will continue through Hurricane Delta, according to a representative for Landry’s, Inc.
The trio of closings has taken an economic toll on the property.
“I don’t have a specific percentage that we are down, but it is substantial,” said Hennagin, who is looking forward to getting back to business as usual on Tuesday afternoon.
“When you come here, you won’t notice the storms. You will see the same Golden Nugget with first-class accommodations,” said Hennagin. “This year has been so tough on everyone. We are here to provide a respite.”
Golden Nugget Closed
The Golden Nugget Lake Charles is located two hours east of Houston at 2550 Golden Nugget Blvd. in Lake Charles, Louisiana.