Fertitta Entertainment signed a purchase agreement with Paragon Gaming for the Hard Rock Lake Tahoe in Stateline
Following the transaction’s completion, there are plans to remodel Hard Rock Lake Tahoe into a Golden Nugget, expanding the company’s presence in the Northern Nevada market. The property was last remodeled in 2015 when Paragon licensed the Hard Rock name from the Seminole Indian Tribe.
New Life for Hard Rock Lake Tahoe
Although the price isn’t yet disclosed, the announcement contained approximate transaction completion dates. Taking into account regulatory approvals and other closing conditions, it should be seven to 12 months before Fertitta officially owns Hard Rock Lake Tahoe. No further details were mentioned about a possible date for the remodeling.
Following the transaction’s completion, there are plans to remodel Hard Rock Lake Tahoe into a Golden Nugget, expanding the company’s presence in the Northern Nevada market. The property was last remodeled in 2015 when Paragon licensed the Hard Rock name from the Seminole Indian Tribe.
New Life for Hard Rock Lake Tahoe
Although the price isn’t yet disclosed, the announcement contained approximate transaction completion dates. Taking into account regulatory approvals and other closing conditions, it should be seven to 12 months before Fertitta officially owns Hard Rock Lake Tahoe. No further details were mentioned about a possible date for the remodeling.