Iconic hotel in Sparks sold

October 19, 2013 by  

John Ascuaga’s Nugget, an iconic hotel casino resort in Sparks, Nevada has been sold to Global Gaming and Hospitality (GGH) and Husky Finance. The hotel casino has been operating as one of the leading resorts in Northern Nevada since 1955.

The new owners will invest approximately $50 million into the property in coming years in renovating existing floor space, hotel rooms, dining entities, the exterior, and the convention facilities.

The resort has been successfully led by owner John Ascuaga for over five decades and is a favorite amongst locals as well as visitors. The Nugget pioneered many city-wide events in the region, including the Hot August Nights car show, the annual Rib Cook-off, and the Sparks Farmers’ Market.

GGH has reportedly stated that the current 1,300 employees will remain with the company, with no loss in benefits or seniority. Programs in place such as John’s Club will remain intact, as well. The name may change at a future date after the entire sale and transition is complete.

Other community programs established and managed by the Nugget for decades will also continue including providing Thanksgiving and Christmas meals at the St. Vincent’s Dining Room. Nugget Scholarships have helped countless students in continuing with a college education since the 1950s and will also continue.

With a change in ownership and addition of new facilities and programs along with a new name, local print companies are available to provide printing services. All new promotional and communication materials are likely to be required.