However, Fertitta told Truist Securities analyst Barry Jonas and clients of the investment firm that he is not rushing forward with the development. The company is also planning to build a 2,420-room hotel-casino on 6 acres at Harmon Avenue and the Strip that it acquired last year for $270 million. (Tim Lenard/The Nevada Independent)įirst Northern Nevada casino for Fertittaįertitta Entertainment owns the NBA’s Houston Rockets, and the company’s Landry’s hospitality divisions include a restaurant segment with roughly 520 outlets and entertainment attractions. The casino floor at Hard Rock Lake Tahoe is seen on Monday, Oct. Two people were arrested Saturday and the resort reopened. As many as 100 officers from eight law enforcement agencies descended upon the scene as the hotel and casino went into a lockdown, a hotel representative said. On Saturday, the casino was the site of a shooting that left one person dead and closed Highway 50 in both directions for a short time. The property has hundreds of music memorabilia items that will be returned to Hard Rock. Paragon, which has owned the property since 2015, licensed the Hard Rock name from Hard Rock International’s owner, the Seminole Indian Tribe of Florida, and remodeled the hotel and its 25,000-square-foot casino. Highway 50 and Lake Parkway and will provide a location to host conferences, sports tournaments and concerts with a capacity of up to 6,000 attendees. The 132,000-square-foot facility is being constructed at the corner of U.S. The property also sits across from the long-planned $80 million Tahoe South Events Center. It is one of four hotel-casinos in the South Lake Tahoe market, which saw gaming revenue increase 5.5 percent in 2022 to $263.6 million. The 539-room hotel-casino sits on 24 acres adjacent to picturesque Lake Tahoe and across from Bally’s Lake Tahoe. Hard Rock Lake Tahoe is the first casino visitors see along Highway 50 as they enter Stateline. The company said in a statement it hopes to close on the purchase in the next seven to 12 months.

Nevada gaming regulators need to approve the transaction.

2450 tahoe drive to hard rock casino