![]() The property sits across from the long-planned $80 million Tahoe South Events Center, a 132,000-square-foot facility being constructed at the corner of U.S. The 539-room Hard Rock Lake Tahoe sits on 24 acres and is one of four hotel-casinos in the South Lake Tahoe market, which reported a gaming revenue increase of 5.5% in 2022 to $263.6 million. The transaction, which the company hopes to close in the next seven to 12 months, still needs to be approved by gaming regulators. “This acquisition represents a significant opportunity for us to expand our footprint into the Northern Nevada marketplace.” ![]() “We are thrilled to be welcoming the Lake Tahoe property to the Golden Nugget family,” Fertitta said in a statement. Last year, his firm acquired the Wildwood Casino and Hotel in Cripple Creek, Colorado, for $43 million, with plans also in place to rebrand that property as a Golden Nugget. The company, controlled by Houston billionaire businessman and television personality Tilman Fertitta, will bring the property under the Golden Nugget brand once the deal is completed, according to a statement released on Friday.įertitta owns five Golden Nugget casinos in downtown Las Vegas, Laughlin, Louisiana, Mississippi and Atlantic City. ![]() Fertitta Entertainment, which owns five Golden Nugget Hotel and Casinos and the NBA’s Houston Rockets, is set to acquire Nevada’s Hard Rock Lake Tahoe from Las Vegas-based Paragon Gaming for an undisclosed price, as per local media reports. ![]()
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