“They did a tremendous job on the property. “The pool level is spectacular,” said Elizabeth Cartmell, president of Atlantic City Alliance, the city’s marketing agency. Now called Golden Nugget Atlantic City, it has been universally praised by city and tourism leaders and the competition. Houston-based Landry’s, which owns the Golden Nugget casinos in Las Vegas, Laughlin and Biloxi, Miss., spent $150 million to transform the 740-room hotel-casino. The bargain-basement price cemented concern that Atlantic City, where citywide annual gaming revenues fell 41 percent over the past six years, was worse off than many believed. A few years earlier Trump Marina had been valued as high as $315 million. paid $38 million two years ago to acquire the rundown, money-losing Trump Marina, and analysts immediately predicted the gaming market’s demise. Mark Giannantonio, president of Resorts Casino Hotel, discusses the $60 million in renovations and expansion the Atlantic City casino has undertaken.
