Nugget Sold

John Ascuaga’s Nugget Casino Resort in Sparks, Nev., has been sold for the first time in 50 years. 

The Nugget closed the sale with affiliates of Global Gamin & Hospitality and Husky Finance Dec. 16.

The terms of the deal were not disclosed.

The new owners intend to invest up to $50 million in upgrades. John Ascuaga bought the Nugget in 1960 and has operated it since then along with his daughter and son.

The new owners say they will keep Ascuaga’s name on the building for the near term.