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 implies that the deal ought to undergo on Friday. The property’s title will change to the Golden Nugget Lake Tahoe Lodge 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 Lodge and On line casino in Las Vegas.
Fertitta plans to renovate the property, aiming to spend round $227m to take action. As this work remains to be within the planning levels, there is no such thing as a timeline for its completion. He intends to retain the present workers and maintain the property operational throughout the phased renovations.
Fertitta owns the Golden Nugget model, which boasts casinos in quite a few states. He additionally owns the Houston Rockets NBA workforce and Landry’s restaurant chain.