The hotel, with its erupting volcano and South Seas theme, ignited a $12 billion building boom on the Strip. The resort's high cost and emphasis on luxury meant that it was considered high risk at the time, though the project ended up being enormously lucrative. Financing the $630 million project largely with high-yield bonds issued by Michael Milken. Following the completion, the company changed its name to Mirage Resorts.

The company expanded into the Las Vegas Strip in 1989, with the opening of The Mirage. In 1989, the company acquired the Nevada Club casino in Laughlin, Nevada, and re-branded it as the Golden Nugget Laughlin. The company's interest in Atlantic City did not last very long due to frustration with state gaming regulators, and in 1987, the property was sold to Bally's Entertainment, and eventually became Bally's Grand Hotel and Casino. The Las Vegas casino also expanded, with a second and third tower opened in 19, respectively, which included a showroom. In 1980, the company opened the Golden Nugget Atlantic City (not to be confused with the current Golden Nugget Atlantic City) in New Jersey. The first hotel tower opened in 1977, which lead for the property to get awarded a four diamond rating from Mobil Travel Guide.

Once gaining the controlling sharehold, Wynn created Golden Nugget Companies Inc. Under Wynn, the casino brand expanded greatly. Wynn later became the majority stakeholder in 1973, making him the youngest casino owner in Las Vegas. Over time, notable members of the ownership group featured Jackie Gaughan and Steve Wynn. The Golden Nugget Las Vegas opened in 1946 in Downtown Las Vegas.

The company runs as a division of Landry's Hospitality within the Fertitta Entertainment portfolio. The original location was the Golden Nugget Las Vegas which opened in 1946. It currently operates six casino resorts in Nevada, Louisiana, New Jersey, Illinois, and Mississippi.

Golden Nugget Hotels & Casinos is an American chain of luxury hotels and casinos. Golden Nugget Lake Charles in Lake Charles, Louisiana

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