Houston-based Golden Nugget Casinos has acquired the casino resort and hotel being built next to L’Auberge Lake Charles Casino Resort.
Golden Nugget will pay Pinnacle Entertainment Inc., the parent company of L’Auberge Casino in Baton Rouge, the amount spent on the project, less $37 million. Pinnacle acquired Ameristar Casinos in a $869 million deal. Pinnacle had to sell the Ameristar project to win federal regulators’ approval of the acquisition.
Through June 30, Ameristar had spent $213.9 million on the casino and resort.
The former Ameristar Casinos development will include a spa, retail shopping, a number of Landry’s signature restaurants, including Vic & Anthony’s Steakhouse and Grotto Italian Ristorante, an 18,000 square foot ballroom, an entertainment showroom, meeting spaces, a pool, beach front and marina, and more than 3,000 parking spaces.
The Golden Nugget Casino and Resort is expected to open in 2014. It also will include over 60 table games, a poker room, and 1,600 slot machines.