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Neilsen succeeded his father, serving as co-chairman with John Boushy, who also was promoted from president to CEO at the time of Craig’s death. Neilsen remained chairman and CEO until his unexpected death on November 19, 2006. Neilsen was named “Best Performing CEO” by the American Gaming Association in 2002, and was inducted into the organization’s “Hall of Fame” in 2005. Neilsen a quadriplegic, but he continued to lead the company and expanded it. Ī November 1985 automobile accident left Craig H. Neilsen's son, Craig, assumed control of day-to-day operations upon the elder Neilsen's death in 1971.

Neilsen's construction company had built many of the structures at Cactus Pete's. Cactus Petes came under the partial control of Ray Neilsen of Twin Falls, Idaho, in 1967. The corporation took over management of the neighboring Horseshu Club in 1964.

In 1956, Piersanti and others incorporated the property as Cactus Petes, Inc. The area would later become Jackpot, Nevada. Route 93 just south of the Idaho border in Elko County. The roots of Ameristar Casinos date to 1954 when 'Cactus Pete' Piersanti opened Cactus Petes Desert Lodge on U.S. The company had eight properties in seven markets. It was acquired by Pinnacle Entertainment in 2013. was a casino operator based in Paradise, Nevada.

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