Fertitta Leisure has agreed a deal to amass Exhausting Rock Lodge & On line casino Lake Tahoe from Paragon Gaming and will probably rebrand the property as a Golden Nugget venue.
The precise monetary particulars of the transaction are undisclosed, however it’s anticipated to conclude throughout the subsequent seven to 12 months. Fertitta Leisure owns the Golden Nugget on line casino empire and it’s seemingly that the Exhausting Rock Tahoe shall be rebranded. This settlement represents the operator’s preliminary enterprise into the Reno-Lake Tahoe market.
CEO of Fertitta Leisure Tilman Fertitta mentioned in an announcement:
“We’re thrilled to be welcoming the Lake Tahoe property to the Golden Nugget household. This acquisition represents a big alternative for us to develop our footprint into the Northern Nevada market.”
The situation would be the third Golden Nugget institution in Nevada, along with those located in downtown Las Vegas and Laughlin. There are different properties with the identical title positioned in Atlantic Metropolis, NJ, Lake Charles, La., and Biloxi, Miss. It’s possible {that a} newly obtained on line casino resort in Cripple Creek, Colo. can even endure a rebranding to undertake the Golden Nugget title, and the operator has not too long ago began setting up a brand new venue in Illinois.
Diana Bennett, CEO of Paragon Gaming, mentioned of the deal:
“We have now had an unimaginable run over the past seven years in Lake Tahoe and couldn’t be extra excited for what the longer term holds for our wonderful crew members. It’s been a privilege to personal this historic property and we stay up for seeing the following chapter underneath the steerage of Fertitta Leisure.”
Picture credit score: PLSublett / CC BY-SA 3.0
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