Trader Dick's , Sparks, NV (restaurant) - Locating Tiki

T TikiVato Tiki Socialite Whittier, CA Joined: Mar 03, 2009 Posts: 519	T TikiVato Posted posted on Thu, Oct 24, 2013 11:15 PM Two weeks ago I received a letter from the Ascuagafamily regarding the sales of the Nugget. Here's a readers digest version of that letter. I sent them a response asking about the future of Trader Dick's. No response yet. Doesn't look good Dear Friends of the Nugget, We are pleased to announce that we have found an investor who shares our optimism about the future of Northern Nevada. Husky Finance and Global Gaming & Hospitality (GGH) have agreed to invest $50 million dollars in the Nugget in the next few years. Plans include renovating casino floor, hotel rooms, restaurants, convention space, exterior improvements and much more. All these changes are designed to make your experiences at the Nugget more enjoyable for years to come. In order to secure the capital investment needed, we had to make the difficult and emotional decision to sell John Ascuaga’s Nugget to Husky Financial and GGH. The sale requires regulatory approval and is expected to be complete by the New Year. The Ascuaga family will remain in a leadership role through the transition. Once the sale is complete, John Ascuaga will be chairman emeritus. Michonne and Stephen Ascuaga will assume advisory roles. The name John Ascuaga's Nugget will remain in the near term, with a potential name change in the future. Yours truly, John, Michonne & Stephen Ascuaga

Two weeks ago I received a letter from the Ascuagafamily regarding the sales of the Nugget. Here's a readers digest version of that letter. I sent them a response asking about the future of Trader Dick's. No response yet. Doesn't look good

Dear Friends of the Nugget,

We are pleased to announce that we have found an investor who shares our optimism about the future of Northern Nevada. Husky Finance and Global Gaming & Hospitality (GGH) have agreed to invest $50 million dollars in the Nugget in the next few years. Plans include renovating casino floor, hotel rooms, restaurants, convention space, exterior improvements and much more. All these changes are designed to make your experiences at the Nugget more enjoyable for years to come.

In order to secure the capital investment needed, we had to make the difficult and emotional decision to sell John Ascuaga’s Nugget to Husky Financial and GGH.

The sale requires regulatory approval and is expected to be complete by the New Year. The Ascuaga family will remain in a leadership role through the transition. Once the sale is complete, John Ascuaga will be chairman emeritus. Michonne and Stephen Ascuaga will assume advisory roles.

The name John Ascuaga's Nugget will remain in the near term, with a potential name change in the future.

Yours truly,

John, Michonne & Stephen Ascuaga

Post #697442 by TikiVato on Thu, Oct 24, 2013 11:15 PM