A recently acquired casino hotel in Cripple Creek, Colo. Other properties bearing that name are located in Atlantic City, NJ, Lake Charles, La., and Biloxi, Miss. The venue will be the third Golden Nugget in Nevada, joining one in downtown Las Vegas and another in Laughlin. “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,” said Tilman Fertitta in a statement. The deal marks the operator’s first move into the Reno-Lake Tahoe market. Fertitta Entertainment controls the Golden Nugget casino empire, making Hard Rock Tahoe’s conversion to that brand likely in the future. (Image: SFGate)įinancial terms of the transaction, which is slated to close in the next seven to 12 months, weren’t revealed. Fertitta Entertainment is buying the venue. It could ultimately rebrand the property to a Golden Nugget venue. Financial, Gaming Business, Mergers and Acquisitions.įertitta Entertainment is acquiring Hard Rock Hotel & Casino Lake Tahoe from Paragon Gaming.
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