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
Famous quotes containing the word history:
“A poet’s object is not to tell what actually happened but what could or would happen either probably or inevitably.... For this reason poetry is something more scientific and serious than history, because poetry tends to give general truths while history gives particular facts.”
—Aristotle (384–323 B.C.)
“There is nothing truer than myth: history, in its attempt to “realize” myth, distorts it, stops halfway; when history claims to have “succeeded” this is nothing but humbug and mystification. Everything we dream is “realizable.” Reality does not have to be: it is simply what it is.”
—Eugène Ionesco (b. 1912)
“Systematic philosophical and practical anti-intellectualism such as we are witnessing appears to be something truly novel in the history of human culture.”
—Johan Huizinga (1872–1945)