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Golden Nugget is the only major poker room left in Downtown Las Vegas.
This decade has seen the demise of poker rooms at El Cortez, The D, and Plaza. The Binion’s poker room traffic collapsed to the point that the casino abandoned its poker room and tournament area and moved a few tables to its table game pit. This left Golden Nugget as the only relevant poker room on Fremont Street.
The Golden Nugget is best known for its no-cap no-limit Hold’em games. These can be wild tables, especially on weekends.
It spreads the Grand Poker Series every summer with a variety of games on the schedule. This is held in convention space, as the normal 13 poker tables hosted by Golden Nugget cannot handle the capacity of the Grand Poker Series.
Golden Nugget tables offer automatic shufflers, phone chargers, and free Wi-Fi. Golden Nugget validates parking for players.
Best and Worst Features of Golden Nugget Poker Room
There is no cap on its cash game buy-ins. This includes no-limit tables. This makes the games play deep. The tables can be full of action because of this. The Golden Nugget poker room is well managed. The dealers are all experienced.
The room can feel a bit cramped when it is busy. The bathrooms and sportsbook are not convenient.
There are only two cash games spread with any regularity at Golden Nugget’s poker room. One is a 2/4 fixed-limit Hold’em game. The other is 1/2 no-limit Hold’em with a $100 minimum buy-in. There is no maximum.
Players sometimes buy into these games with $1,000 or more. Be prepared for that when considering whether to play and how many chips to buy. The deep tables explain why there are no regular games above the $1 and $2 blinds.
Golden Nugget rakes 10% up to $4. There is also a $1 jackpot drop.
Golden Nugget gives cash game players $2 an hour in comps when clocked in with the casino’s 24 Karat players club card. This may be used for hotel bills or any restaurant owned by Landry’s in the world.
There are four poker tournaments held daily. There is a $51+$19 at 11 am (except Sunday) and 7 pm. It starts with 10,000 in chips and has 20-minute levels. There is a $33+$17 daily at 3 pm and 10 pm. This tournament starts with 5,000 in chips and has 20-minute levels.
The major weekly tournament is on Sunday at 11 am. It has a $100+$25 event with a $5,000 guaranteed prize pool. Players start with 15,000 in chips. Levels go up every 20 minutes for the first eight levels and every 30 minutes after that.
Golden Nugget hosts a tournament series every summer. It is called the Grand Series of Poker. Each day has at least two tournaments. One is always no-limit Texas Hold’em. The other may be as well. However, there is often a non-Hold’em game.
These include mixed games, Seven Card Stud, Seven Card Stud Hi/Lo, pot-limit Omaha, Omaha Hi/Lo, and draw games. The Grand Series of Poker buy-ins run from $150 up to $1,100. Most are one-day events.
The Golden Nugget poker room is not large enough to accommodate the Grand Poker Series. It is held in the Grand Ballroom by the Rush Tower.
Golden Nugget offers progressive high hand promotions. There are separate prize pools for royal flushes and straight flushes by suit. Every four of a kind has its own progressive payout.
There is a bad beat jackpot that triggers when a player loses four of a kind or better. Both the winning and losing hand must use both hole cards. The progressive jackpot starts at $10,000.
Things to Do at Golden Nugget Besides Playing Poker
Golden Nugget offers a large casino. Many of the games have a $5 minimum bet. There are plenty of blackjack tables that pay 3 to 2. Make sure to avoid the 6 to 5 ones.
We recommend avoiding the video poker there, as it is well below average for Downtown Las Vegas.
Golden Nugget operates an independent sportsbook. For video poker, walk to Plaza, El Cortez, or Main Street Station. Each of these casinos spread games that return over 100%.
If you are looking for something to do besides gambling, Golden Nugget hosts several great restaurants. Chart House is our favorite. Vic & Anthony’s Steakhouse is another good option. Grotto is a great casual Italian joint.
Golden Nugget has the best pool in Downtown Las Vegas. You can swim with the sharks there. It also has a waterslide and other amenities.
The Fremont Street Experience is just outside Golden Nugget. It has bars in the street. There are nightly musical acts. The Viva Vision screen has a light show at the top of every hour during the evening hours.
Golden Nugget is the best poker option in Downtown Las Vegas. Its 13-table room is full of action 24 hours a day. If you need a break from it, you can check out the poker room at Binion’s across Fremont Street.
Unfortunately, the Binion’s poker room has seen better days. It got so slow over there that the poker tables were moved to the rear of the table game pit. There are six cash game tables, though they typically do not need more than one. The only game spread is 1/2 no-limit Texas Hold’em.
Most daily tournaments at Binion’s only draw one or two tables, if they get off the ground at all. The summer poker tournament season gets more action. This is when you may find five to ten tables. This series, known as the Dog Days of Summer, spreads a variety of games.
About half of the tournaments are no-limit Hold’em. There is a variety of non-Hold’em games throughout the summer. Those include pot-limit Omaha, fixed-limit Omaha Hi/Lo, as well as some stud and draw games.
Golden Nugget and Binion’s are the only two poker rooms still operating in Downtown Las Vegas. The next closest is at Stratosphere. It is about as slow as Binion’s these days and probably not worth the trip.
Rush Street Interactive has been a leader in US online gaming and recently announced a merger with dMY Technology Group. The deal will find it listed on the New York Stock Exchange as RSI and valued at $1.78 billion.
Poker legend Phil Hellmuth was an investor in dMY and now has a chance at a nice return. Hellmuth recently spoke with PlayUSA about his role and investment and provided USPoker with some insight as well.
He also offered some comments that will interest online poker fans. Hellmuth says that Rush Street will be moving into the online poker space in the US.
“I believe that Rush Street will have online poker up-and-running soon,” he told USPoker.
Poker player turned deal maker
While Hellmuth didn’t offer details beyond that, the news could mean another player in the US online poker market. This comes at a time when operators have experienced record revenue numbers.
Rush Street could be a big player in the industry. The company is the leader in the US in online casinogaming and also offers sports betting in several states.
dMY is a special purpose acquisition company (SPAC) founded by Niccolo de Masi and Harry You. These types of companies look for investors to help fund asset acquisition and major stock purchases.
Rush Street apparently proved a nice target for dMY and Hellmuth helped facilitate the deal. He received a nice fee for his work and also stands to gain significantly from his investment.
“I invested $300,000 and it was a gamble because I could have lost 100% of it had we not selected a company to take public within 18 months,” Hellmuth told PlayUSA. “On the other hand, my $300,000 investment became worth multiples of what I invested when the SPAC traded at $10 a share, now at $15 a share.”
De Masi spoke with FOX Business Channel about the deal on Sept. 25 and how RSI differs a bit from competitors.
“Rush Street is a leader in sports betting but it’s actually the number one player in the online casino space,” he said. “We are bigger than DraftKings or FanDuel or anybody else when it comes to online table games, slots, bingo, et cetera.”
4th Street Poker
Rush Street is already currently profitable, de Masi also noted. dMY chose RSI because it already had “the best product, best ground game, and highest return on investment capital,” de Masi added.
Go @NiccoloDeMasi and RSI (Rush Street Interactive) Founder Greg Carlin, go!! Interview sheds some light on how we (DMYT-UN) are taking RSI public for $2.2Billion
dMY Technology CEO: We’re merging with Rush Street | Fox Business https://t.co/SS5PRD1tuo
— phil_hellmuth (@phil_hellmuth) September 25, 2020
Another potential online poker operator
In the US, online poker is currently live and legal in New Jersey, Nevada, Delaware, and Pennsylvania. two others, Michigan and West Virginia, have also legalized online poker as well, but both are still in the licensure stage.
The ongoing battle regarding the Wire Act remains a thorn in the industry’s side. The Department of Justice has argued that the act applies to other forms of gaming beyond than sports betting.
The gaming industry won the first round in court, but the issue remains in a federal appeals court. That’s put growth of interstate compacts on hold until courts resolve the dispute.
Poker Online Game
WSOP.com currently runs the only interstate compact in Nevada and New Jersey and with 888poker in Delaware. If the DOJ opinion is struck down, more interstate agreements offer a chance at real growth in online poker.
The expansion of online poker and gaming has been slower than the rapid growth of sports betting. Many in the industry hope sports betting can lead to more online poker and gaming eventually. As the thinking goes, “If you’re going to legalize one form of online gambling, why not others?”
Rush Street could be a nice addition to the US online poker market. That has been dominated by PokerStars, partypoker, and WSOP.com so far.
Fifth Street Poker
For casino gaming, RSI uses its own proprietary software. That seems likely for any online poker launch, but remains to be seen. If courts rule the Wire Act applies to poker, companies like Rush Street may not see online poker as a smart business decision.
Hellmuth seeks like a likely face for any Rush Street online poker product. However, he told USPoker that he’s in the process of talking with three companies about a possible online poker and sports betting sponsorship.
A role in the Rush Street merger
RSI derives from Rush Street Gaming, which operates Rivers Casino properties in Pennsylvania (Pittsburgh and Philadelphia), New York, and Illinois. The company also offers online sports betting in New Jersey and Pennsylvania.
Rush Street is already approved for online poker in the Keystone State. A launch into both PA and NJ seems possible, but the company would be battling for a small gaming segment despite recent gains.
Beyond his initial investment in dMY, Hellmuth also had a role in orchestrating the merger between the two companies. Thanks to a previous relationship with RSI CEO Greg Carlin, he helped lay the groundwork.
Those negotiations led to a healthy fee for his efforts, Hellmuth says. Fittingly for a poker player, he said that was “like finishing fifth in the 2019 World Series of Poker Main Event.”
That spot at the final table paid out $2.2 million. He remains bullish on RSI’s place in the market and where the company’s headed after the merger.
“RSI is crushing it,” Hellmuth says. “We are the number one online casino in the USA, and we are completely regulated and legal. Fifty percent of our revenues come from [online] gambling and fifty percent from sports betting, which is a nice balance. Unlike other companies in our space, we are profitable.”