Jerry's Nugget

Jerry's Nugget Casino
Location North Las Vegas, Nevada
Address 1821 North Las Vegas Blvd.
Opening date 1964
Total gaming space 24,000 square feet (2,200 m2)
Website jerrysnugget.com

Jerry's Nugget Casino is a casino in North Las Vegas, Nevada, privately owned and operated by the Stamis family,[1][2] with 24,000 square feet (2,200 m2) of gaming space.[3]

Future developments for Jerry's Nugget include building a hotel on site.[4][5]

History

Jerry's Nugget was founded in 1964 by Jerry Lodge and Jerry Stamis and was originally the site of the Town House Bar. In 1968, Lodge and Stamis bought the Bonanza Club, located across the street from Jerry's Nugget.[6][7][8] The acquisition meant moving the casino to its new location and 10,000 square feet (930 m2) of added space.[6] Today, Jerry's Nugget expands over 95,000 square feet (8,800 m2) and features a race and sports book, keno lounge, table games area and slot floor.[7]

In 2008, the Nevada Gaming Control Board reinstated the gaming license for executive owner, Angelo Stamis. He was the first person approved by the board to have a gaming license restored.[9]

Lender U.S. Bank filed a lawsuit in March 2012 asking for a receiver to be installed after Jerry's Nugget defaulted on payments on a $3.6 million loan. After months of talks failed to produce an agreement, the casino filed for Chapter 11 bankruptcy protection in August.[10]

Jerry's Nugget Casino emerged from Chapter 11 Bankruptcy protection in March 2014. Third generation operators, Jeremy and Joseph Stamis acquired the company and continue to operate it. The company celebrated its 50th anniversary in 2014.

See also

Sources

  1. ↑ http://www.jerrysnugget.com "Jerry's Nugget website"
  2. ↑
  3. ↑ "State of Nevada Gaming Control Board, Listing of Financial Statements Square Footage" (PDF), Gaming Control Board, 2009: 5
  4. ↑ "Famous Coffee Shop: A Jerry's Nugget Tradition" (Press release). Mews Blaze. 2008-10-28. Retrieved 2009-04-07.
  5. ↑ Knightly, Arnold (2007), North Las Vegas business leaders set to redefine city's center, Las Vegas, NV: Las Vegas Business Press, retrieved 2009-04-07
  6. 1 2 "North Las Vegas Nevada" on Destination360
  7. 1 2 "Jerry's Nugget - 4 Decades of Success" (Press release). Las Vegas Online Entertainment. 2004-08-06. Retrieved 2009-04-27.
  8. ↑ Staff, Las Vegas Sun (2001), Obituary: Monday Services set for Jerry's Nugget co-founder, Las Vegas, NV: Las Vegas Sun, retrieved 2009-04-07
  9. ↑ Stutz, Howard (2008), Jerry's Nugget Executive has Gaming License Restored, Las Vegas, NV: Las Vegas Review Journal, retrieved 2009-04-07
  10. ↑ O'Reiley, Tim (August 13, 2012). "Jerry's Nugget seeking bankruptcy protection". Vegas Inc. Retrieved 2012-08-14.

Coordinates: 36°11′35″N 115°07′57″W / 36.1930°N 115.1326°W / 36.1930; -115.1326

http://www.reviewjournal.com/business/last-minute-loan-allows-jerrys-nugget-continue-local-ownership

This article is issued from Wikipedia - version of the Friday, March 04, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.