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Tilman Fertitta Acquires Lake Tahoe Casino Resort to Expand in Northern Nevada
Tilman Fertitta, the owner of the Golden Nugget brand, announced the acquisition of the Hard Rock hotel-casino resort at Lake Tahoe to expand the brand further in Northern Nevada. The Houston billionaire did not reveal the price of the forthcoming transaction that will transform the Hard Rock resort into a Golden Nugget franchise.
Significant Expansion Opportunity:
The casino mogul has also announced that the sale from the current property owner, Las Vegas-based Paragon Gaming, will most likely be finalized within 12 months. As Las Vegas Review-Journal reports, Tilman Fertitta, the owner, and CEO of Fertitta Entertainment commented: “We are thrilled to be welcoming the Lake Tahoe property to the Golden…
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