“This acquisition represents a significant opportunity for us to expand our footprint into the Northern Nevada marketplace.”įertitta, 65, oversees a corporate empire that includes dozens of restaurant brands, the NBA’s Houston Rockets, the upscale Post Oak Hotel in Houston and an oceanfront luxury resort in Laguna Beach, California. “We are thrilled to be welcoming the Lake Tahoe property to the Golden Nugget family,” Fertitta, owner and CEO of Fertitta Entertainment, said in a news release Friday. The sale, by Las Vegas-based Paragon Gaming, is expected to close in the next seven to 12 months. The Houston billionaire announced he is acquiring the Hard Rock hotel-casino at Lake Tahoe for an undisclosed price and will transform it into a Golden Nugget-branded property. Tilman Fertitta is expanding the Golden Nugget brand to Northern Nevada. The Hard Rock hotel-casino at Lake Tahoe in Northern Nevada.
