It could be over a year before the Golden Nugget officially welcomes guests to Lake Tahoe. Many details about the renovation, including a timeline, are still unofficial. “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,” Tilman Fertitta said. According to the Tribune, Fertitta himself suggests the company could work on both properties simultaneously as they see the properties occupying separate markets.
Whether the new property in Stateline will divert resources away from the Las Vegas project is uncertain. While the company has approval from Clark County to build a new Las Vegas casino on the plot, that process is not moving swiftly. Other Fertitta interests in the Silver Stateīesides the current Golden Nugget property in Las Vegas, Fertitta Entertainment owns a plot of land on The Strip at the intersection of Harmon Avenue. The Stateline acquisition is just part of the company’s ambitions in Nevada. At this time, the company has not announced any plans to rebrand that property. Late last year, Fertitta Entertainment also purchased the Wildwood Casino and Hotel in Colorado. Other Golden Nugget casinos welcome players in:Ī separate company under the Fertitta Entertainment umbrella also operates Golden Nugget online casino platforms in Michigan and New Jersey. When that re-branding is complete, it will be the third Golden Nugget property in Nevada.Ĭasinos operate under that branding already in Laughlin and Las Vegas. While the parties have not disclosed the agreed-upon price, Fertitta Entertainment plans to convert the property into a Golden Nugget casino. The transaction on the Stateline casino will close sometime in the next seven months to a year. The publication reported on Friday that Fertitta Entertainment, the company attached to Tilman Fertitta, has agreed to purchase the property from Paragon Gaming. Another transaction involving Nevada casinosĪccording to the Tahoe Daily Tribune, the Hard Rock Hotel & Casino in the namesake area will soon change ownership. But it could be part of a stronger overall presence in Nevada for Golden Nugget. A timeline for the casino’s rebrand isn’t firm.
That shuffling has descended upon Lake Tahoe and now concerns the Hard Rock in Stateline, Nevada. The odds are that in short order, the seemingly endless shuffling of management for the various gaming properties could be more to your liking. If you don’t like the current composition of Nevada casinos, just wait.
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