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The property began in 1966, as a Holiday Inn. Norbert Jansen added a gift shop to the hotel in 1972, and later opened the Slot Joynt casino. In 1985, Jansen renamed the Holiday Inn as the Viscount Hotel, part of a U.S. chain. Four years later, he merged Slot Joynt with the Viscount and renamed them as the Boardwalk.
The company's background can be traced to 1969, when airline and casino tycoon Kirk Kerkorian bought a controlling stake in the Metro-Goldwyn-Mayer (MGM) film studio. [15] In 1970 and 1971, Kerkorian struggled with debt from his acquisitions of MGM and Western Airlines, and was forced to sell a majority of his casino company, International Leisure, to Hilton Hotels at a steep discount.
Howard Johnson by Wyndham, [7] still commonly referred to as Howard Johnson's, is an American hotel brand with over 200 hotels in 15 countries. [6] It was also formerly a restaurant chain, which at one time was the largest in the U.S., with more than 1,000 locations.
Dining areas and a gift shop were also expanded. [9] [13] Railroad Pass became part of Circus Circus Enterprises (later Mandalay Resort Group), which purchased Gold Strike Resorts in 1995, [14] and then MGM Mirage (later MGM Resorts International), which acquired Mandalay in 2005. [15]
Trump Plaza's revenues took a sharp decline in 1990, due to competition from its newly opened sister property, the Trump Taj Mahal, which was a mile away. [15] The casino narrowly averted default on a 1991 payment to bondholders by taking out a $25 million mortgage on its parking garage. [15]
The MGM Grand Las Vegas is a hotel and casino located on the Las Vegas Strip in Paradise, Nevada.It is owned by Vici Properties and operated by MGM Resorts International.The resort was developed by Kirk Kerkorian through his company, MGM Grand, Inc. Kerkorian had previously developed another MGM Grand, opened on the Strip in 1973 and renamed Bally's in 1986.