Krolicki added that “I've been to every rendition of this property for the last 35 years. It is one of four hotel casinos in the South Lake Tahoe market.Ĭommission member Brian Krolicki, who lives in Lake Tahoe, said the company’s plan to spend $227 million renovating the resort “is a big deal for our little Stateline community.”

The resort sits on 24 acres adjacent to picturesque Lake Tahoe and across from Bally’s Lake Tahoe. Gaming Commission Chairwoman Jennifer Togliatti said Thursday the appearances of Fertitta and other company executives were waived because they had received approvals from state gaming regulators on another matter in March. 9 with the Gaming Control Board, did not participate in the commission hearing, which lasted less than eight minutes. A sales price was not disclosed and the transaction will close Friday, an attorney for the company told the gaming commission.įertitta, who attended a hearing remotely from his Houston office Aug. The name Hard Rock will be headed to the property’s history books along with past monikers Sahara Tahoe, High Sierra Resort and Lake Tahoe Horizon.įertitta Entertainment is acquiring the resort’s operations from Las Vegas-based Paragon Gaming, which has operated the property since 2015. The 539-room hotel-casino in Stateline will join six other Golden Nugget casinos in downtown Las Vegas, Laughlin, Colorado, Louisiana, Mississippi and Atlantic City as part of Fertitta’s gaming empire. The privately held company is controlled by billionaire Tilman Fertitta.

Regulators approved Houston-based Fertitta Entertainment as the new owner and operator of the Hard Rock Lake Tahoe, which will be rebranded into the Golden Nugget Lake Tahoe in 30 days. The Lake Tahoe resort that has operated under four names since it was built in the 1960s will yet again undergo a name change following Thursday’s unanimous ruling by the Nevada Gaming Commission.

Paragon casino past concerts