The main event will see the BELLATOR Light Heavyweight World Champion and No. It’s been a privilege to own this historic property and we look forward to seeing the next chapter under the guidance of Fertitta Entertainment,” said Diana Bennett, CEO of Paragon Gaming.LOS ANGELES – BELLATOR MMA will bring not one, but two world championship contests to “The Windy City” Friday, June 16 when the promotion returns to Wintrust Arena in Chicago. “ We have had an incredible run over the last seven years in Lake Tahoe and couldn’t be more excited for what the future holds for our amazing team members. Las Vegas-headquartered Paragon Gaming has owned the hotel and the 25,000-square-foot casino since 2015, and licensed the Hard Rock name from the brand’s owner, the Seminole Indian Tribe of Florida. Highway 50 and Lake Parkway that is set to provide a location to host conferences, sports tournaments and concerts with a capacity of up to 6,000 attendees. The property sits across from the long-planned $80 million Tahoe South Events Center, a 132,000-square-foot facility being constructed at the corner of U.S. The 539-room Hard Rock Lake Tahoe sits on 24 acres and is one of four hotel-casinos in the South Lake Tahoe market, which reported a gaming revenue increase of 5.5% in 2022 to $263.6 million.
The transaction, which the company hopes to close in the next seven to 12 months, still needs to be approved by gaming regulators. “This acquisition represents a significant opportunity for us to expand our footprint into the Northern Nevada marketplace.” “We are thrilled to be welcoming the Lake Tahoe property to the Golden Nugget family,” Fertitta said in a statement. Last year, his firm acquired the Wildwood Casino and Hotel in Cripple Creek, Colorado, for $43 million, with plans also in place to rebrand that property as a Golden Nugget. The company, controlled by Houston billionaire businessman and television personality Tilman Fertitta, will bring the property under the Golden Nugget brand once the deal is completed, according to a statement released on Friday.įertitta owns five Golden Nugget casinos in downtown Las Vegas, Laughlin, Louisiana, Mississippi and Atlantic City. Fertitta Entertainment, which owns five Golden Nugget Hotel and Casinos and the NBA’s Houston Rockets, is set to acquire Nevada’s Hard Rock Lake Tahoe from Las Vegas-based Paragon Gaming for an undisclosed price, as per local media reports.
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