Tilman Fertitta has gotten approval from the Nevada Gaming Fee to take over the Laborious Rock Lake Tahoe on line casino resort. [Image: Shutterstock.com]
The Nevada Gaming Fee has given the all-clear to Tilman Fertitta to take over the Laborious Rock Lake Tahoe on line casino resort. The unanimous determination on Thursday signifies that the deal ought to undergo on Friday. The property’s title will change to the Golden Nugget Lake Tahoe Resort and On line casino.
agreed to buy the property from Paragon Gaming for an undisclosed sum
Fertitta Leisure agreed to buy the property from Paragon Gaming for an undisclosed sum in March. The vendor licensed the Laborious Rock title and can solely function a single on line casino within the state upon deal completion – the Oyo Resort and On line casino in Las Vegas.
Fertitta plans to renovate the property, aiming to spend round $227m to take action. As this work continues to be within the planning levels, there is no such thing as a timeline for its completion. He intends to retain the present employees and hold the property operational in the course of the phased renovations.
Fertitta owns the Golden Nugget model, which boasts casinos in quite a few states. He additionally owns the Houston Rockets NBA crew and Landry’s restaurant chain.
