The 132,000-square-foot facility is being constructed at the corner of U.S. The property also sits across from the long-planned $80 million Tahoe South Events Center. It is one of four hotel-casinos in the South Lake Tahoe market, which saw gaming revenue increase 5.5 percent in 2022 to $263.6 million. The 539-room hotel-casino sits on 24 acres adjacent to picturesque Lake Tahoe and across from Bally’s Lake Tahoe. Hard Rock Lake Tahoe is the first casino visitors see along Highway 50 as they enter Stateline. The company said in a statement it hopes to close on the purchase in the next seven to 12 months. Nevada gaming regulators need to approve the transaction. “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, Fertitta Entertainment acquired the Wildwood Casino and Hotel in Cripple Creek, Colorado for $43 million and plans to rename and rebrand the 100-room property as a Golden Nugget.
The story was first reported late Friday by the Tahoe Daily Tribune.įertitta owns five Golden Nugget casinos in downtown Las Vegas, Laughlin, Louisiana, Mississippi and Atlantic City.
The company controlled by Golden Nugget casino owner Tilman Fertitta is acquiring Hard Rock Lake Tahoe from Las Vegas-based Paragon Gaming for an undisclosed price.Īccording to a statement released Friday, privately held Fertitta Entertainment, which is based in Houston, will transform the hotel-casino into a Golden Nugget-branded casino.
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