History
It opened in 1906 as the Hotel Nevada. In 1907 it was assigned Las Vegas' first telephone with the number 1. In 1931, with gambling being re-legalized in Nevada, the Hotel Nevada was expanded and renamed Sal Sagev (Las Vegas spelled backwards.)
The hotel gained its current name in 1955 when a group of Italian-Americans from San Francisco Bay Area started the Golden Gate Casino. The 106-room, four-story hotel was renovated in 2005.
In March 2008, owner Mark Brandenberg sold a 50% interest in the property to Desert Rock Enterprises, the investment company of Derek and Greg Stevens, who also owned the Las Vegas 51s baseball team and a 19% stake in the Riviera casino. With new money infused by the Stevens's, the Golden Gate undertook casino upgrades and hotel room renovations. The following year, the Stevens's raised their stake to 60%, and Derek took over as CEO, with Brandenburg as president.
In 2012, the Golden Gate began its first major renovation in more than 50 years. The $12 million renovation includes a 35,000-square-foot, five-story hotel tower with 14 new suites and two penthouses. The property will build a porte cochere, expand the casino floor and add a high limit gaming area.
Read more about this topic: Golden Gate Hotel And Casino
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