Fertitta Entertainment to Acquire Hard Rock Lake Tahoe and Rebrand it as Golden Nugget
Fertitta Entertainment, a company owned by Golden Nugget casino owner Tilman Fertitta, is acquiring Hard Rock Lake Tahoe from Paragon Gaming. The purchase price was not disclosed. Fertitta Entertainment plans to transform the hotel-casino into a Golden Nugget-branded casino, pending approval from Nevada gaming regulators. Fertitta said in a statement, “This acquisition represents a significant opportunity for us to expand our footprint into the Northern Nevada marketplace.” The property sits on 24 acres adjacent to Lake Tahoe and across from Bally’s Lake Tahoe, and is one of four hotel-casinos in the South Lake Tahoe market.