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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