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Golden Nugget amends notes

As of 5:00 p.m., New York City time, on May 14, 2007 (the "Consent Payment Deadline"), tenders and consents had been received with respect to $149.5 million aggregate principal amount of the Notes (approximately 96.5% of the total outstanding principal amount). The consent of holders of at least a majority of the aggregate principal amount of the outstanding Notes was required to amend the indenture. Accordingly, Golden Nugget has executed a supplemental indenture with HSBC Bank USA, National Association, as Trustee, effectuating the proposed amendments to the Indenture, as described in the Offer to Purchase and Consent Solicitation Statement dated May 1, 2007. The Notes tendered may no longer be withdrawn and consents delivered may no longer be revoked.

The total consideration, excluding accrued and unpaid interest, for each $1,000 principal amount of Notes validly tendered (and not validly withdrawn) on or prior to the Consent Payment Deadline is $1,058.71, which includes a $30.00 consent payment. The total consideration was determined using a yield equal to a fixed spread of 50 basis points plus the bid side yield to maturity of the 4.25% U.S. Treasury Note due November 30, 2007, which yield was determined as of 2:00 p.m., New York City time, on May 14, 2007. Holders who validly tender their Notes will receive accrued and unpaid interest from the last interest payment date to, but not including, the payment date.

The tender offer is scheduled to expire at midnight, New York City time, on May 29, 2007, unless terminated or extended. The supplemental indenture will become operative on the payment date for the Notes.

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