The billionaire owner also controls multiple restaurant and hotel brands across Texas – such as the mega-popular NBA brand Houston Rockets – and California, where the mogul runs the luxury oceanfront Laguna Beach Hotel. This acquisition represents a significant opportunity for us to expand our footprint into the Northern Nevada marketplace.”įertitta Entertainment, the firm run by billionaire American businessman Tilman Fertittais behind the Golden Nugget facilities and a number of casino resorts across the states of New Jersey, Louisiana, and Mississippi. 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 Nugget family. 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.
The Houston billionaire did not reveal the price of the forthcoming transaction that will transform the Hard Rock resort into a Golden Nugget franchise. 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.
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