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Golden Nugget Lake Tahoe begins a top-to-bottom renovation – The Nevada Independent

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Golden Nugget Lake Tahoe begins a top-to-bottom renovation – The Nevada Independent


The general manager of the Golden Nugget Lake Tahoe told gaming regulators last week that “every square foot of the property” would see some type of renovation during its latest redevelopment.

During a Gaming Control Board hearing in Carson City, general manager Jason Sides said the initial redevelopment phase had started on the 539-room hotel and 25,000-square-foot casino. One of the resort’s two towers has been taken offline so the improvements can be made, and he expects the first floor of renovated rooms to be available by October, just in time for the busiest months of the year.

“We have big plans for the property with a significant capital investment,” Sides told the regulators, but he did not provide a cost estimate for the project.

Following its purchase last year by Houston billionaire Tilman Fertitta’s privately held Fertitta Entertainment, the property is now operating under its fifth name since its opening in the 1960s. 

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Sides said a Salt Grass Steakhouse — one of several dozen restaurant brands owned by Fertitta — will open by the fall. He said Mastro’s Steak House, a high-end Fertitta restaurant brand, will also be added to the property.

On the Golden Nugget website, images show a renovated lobby area and room renderings. 

“You’ll see subsequent phases of other construction [throughout the year],” Sides said. “We’ve seen a nice surge of business and a lot of bodies [in the Tahoe market] in the past few weeks. So that’s good to see.”

A representative for Fetitta’s company declined to comment beyond what was said at the hearing. The renovations are expected to be completed by 2025. 

The resort has been known as Hard Rock Lake Tahoe since 2015. The Nugget is the last of the four Tahoe casinos visitors see along Highway 50 as they enter Stateline from California. The other three Stateline resorts are Bally’s Lake Tahoe and the Caesars Entertainment-owned Harvey’s and Harrah’s. 

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Control board senior economic analyst Michael Lawton said the South Tahoe market saw its highest gaming revenue total in 2000 when it produced $352.6 million in gaming revenue.

Lawton said South Tahoe experienced a steep gaming revenue decline — and is almost 31 percent below its peak totals — during the last two decades due to the recession and competition from Northern California tribal casinos. In the last three years, the Sacramento area has seen the opening of three new tribal-owned casinos.

But there is hope the market will rebound.

According to the control board, South Lake Tahoe’s gaming revenue through May is 5.6 percent ahead of the first five months of 2023. Last year, the Tahoe market produced more than $243.8 million in gaming revenue, which was down 7.5 percent from 2022, but is more than 8 percent ahead of 2019, the last full year of gaming revenue for Nevada before the pandemic.

“We saw this as a great opportunity,” Fertitta told state gaming regulators a year ago. “We will take this property and totally transform it. And, as we always do, add the Golden Nugget name on it. We always expect it to be one of the top properties in the market.”

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The newly rebranded Margaritaville Resort Lake Tahoe in South Lake Tahoe, California, on Nov. 29, 2023. (Amy Alonzo/The Nevada Independent)

Investments beyond the casino floors

Tahoe has seen recent non-gaming investments.

The Golden Nugget is across from the $80 million Tahoe Blue Event Center. The 132,000-square-foot facility at the corner of U.S. Highway 50 and Lake Parkway will host conferences and concerts and will serve as the 36-game home hockey arena for the expansion ECHL’s Tahoe Knight Monsters.

On the California side of Highway 50, Orlando-based Margaritaville Resorts transformed the 399-room, non-gaming Lake Tahoe Resort Hotel into Margaritaville Resort Lake Tahoe. The renovation gave the location a Key West-style theme at the base of the Heavenly Mountain Ski Resort and adjacent to the casinos just across the state line.

The property is Fertitta’s third Golden Nugget in Nevada, along with resorts in downtown and Laughlin. Fertitta’s company also operates Golden Nugget hotel-casinos in Atlantic City, Biloxi, Mississippi, Lake Charles, Louisiana, and Cripple Creek, Colorado.

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Fertitta’s company gained preliminary approval from the control board Wednesday to finance part of last year’s acquisition of the property. The Gaming Commission is expected to take up the matter on July 25.

“Basically, Tillman Fertitta is getting paid back for his initial investment in the project,” said control board member George Assad. “It’s a pretty simple transaction, but just a lot of legal jargon.” 

Fertitta announced an all-cash bid for the Hard Rock Lake Tahoe in March 2023, buying the operation from Paragon Gaming. Five months later, the deal was approved by state gaming regulators and the property took on the Golden Nugget name. The property had hundreds of music memorabilia items that were returned to Hard Rock.

The property opened in the 1960s as the Sahara Tahoe. It has also been known as the High Sierra Resort and Lake Tahoe Horizon. 

Fertitta Entertainment also has plans to build a 2,420-room, 43-story hotel-casino on 6 acres at Harmon Avenue and the Strip that it acquired in 2022 for $270 million. In May, the company said it was asking Clark County for permission to connect the planned resort to a pedestrian overpass bridge.

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The company owns the NBA’s Houston Rockets and its Landry’s hospitality division includes a restaurant segment with roughly 520 outlets and entertainment attractions.

Fertitta, who is a cousin of Red Rock Resorts CEO Frank Fertitta III and Vice Chairman Lorenzo Fertitta, has also owned a 6.1 percent stake in Wynn Resorts since 2022 as a passive investment. He is the second-largest individual shareholder in the company behind Elaine Wynn.



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Kalshi Enforcement Action Belongs in Nevada Court, Judge Says

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Kalshi Enforcement Action Belongs in Nevada Court, Judge Says


Nevada state court is the proper venue for reviewing whether KalshiEX LLC is improperly accepting sports wagers without a license, a federal district court said.

The Nevada Gaming Control Board showed that the state statutes under which it seeks relief don’t require interpreting federal law, Judge Miranda M. Du of the US District Court for the District of Nevada said in a Monday order. The board’s action is now remanded to the First Judicial District Court in Carson City, Nev., the order said.

The board in 2025 urged Kalshi, a financial services company, to get a gaming license, but the …



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EDITORIAL: Nevada still vulnerable as tourist downturn continues

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EDITORIAL: Nevada still vulnerable as tourist downturn continues


Strip gaming executives can put their best spin on the numbers, but local tourism indicators remain a major concern. Casino operators seeking to draw more people through the door still have much work to do.

The Nevada Gaming Control Board released January gaming numbers Friday. The news was underwhelming. The state gaming win was down 6.6 percent from a year earlier. The Strip took the largest hit, an 11 percent drop. But the gloomy returns were spread throughout Clark County: Downtown Las Vegas was off 5.2 percent, Laughlin suffered a 3.3 percent decline and the Boulder Strip dipped by 7 percent.

For the current fiscal year, gaming tax collections are up a paltry
2.1 percent, below budget projections.

The red flags include more than gaming numbers. Recently released figures for 2025 reveal that visitation to Las Vegas fell nearly 8 percent from 2024, which represented the lowest total since the pandemic in 2021. Traffic at Reid International Airport fell more than 10 percent in December and was down 6 percent for the year. Strip occupancy rates fell 3 percent in 2025.

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To be fair, this is not just a Las Vegas problem. International travel to the United States was down
4.8 percent in January, Forbes reported, the ninth straight month of decline. Travel from Europe fell 5.2 percent, and passenger counts from Asia fell 7.5 percent. Canadian tourism cratered by 22 percent.

No doubt that President Donald Trump’s blustery rhetoric has played a role in the decline, but there’s more at work. International tourism has been largely flat since Barack Obama’s last few years in office. But domestic travel has held relatively steady although it is “starting to cool,” according to the U.S. Travel Association. Las Vegas hasn’t been helped by high-profile complaints last year about exorbitant Strip prices for parking, bottled water and other staples. Casino operators responded by offering discounts, particularly for locals, and they’ll need to continue those policies into 2026.

The tourism downturn has ramifications for the state budget, which relies primarily on sales and gaming tax revenues to support spending plans. “Nevada’s employment and economic challenges reflect deep structural factors that extend beyond cyclical economic fluctuations,” noted a recent report by economic analyst John Restrepo. “The state’s extreme concentration in tourism and gaming creates unique vulnerabilities.”

The irony is that state and local politicians have been talking for the past half century about “diversifying” the state economy. In recent years, that effort has primarily consisted of handing out millions in tax breaks and other incentives to attract businesses to the state. A dispassionate observer might ask whether that approach has brought an adequate return on investment.

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2026 lunar eclipse visible in Nevada. How to watch

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2026 lunar eclipse visible in Nevada. How to watch


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A lunar eclipse will be in Nevada skies late Monday night — or, more accurately, early Tuesday morning, March 3.

The downside is the hour: you’ll have to be up very late or very early, depending on your perspective.

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Unlike a solar eclipse, which occurs when the moon passes between the Earth and the sun, a lunar eclipse happens when Earth casts its shadow on the moon, creating a rusty red hue.

If you’re looking to see the lunar eclipse, here’s everything you need to know about viewing it in Nevada.

What eclipse is in 2026?

If you live in the U.S., you will be able to see the lunar eclipse starting at 12:44 a.m. PST Tuesday, March 3, 2026, according to NASA. During the night, you’ll see the moon in a reddish hue, or a blood moon.

Totality lasts for a little more than an hour before the moon begins to emerge from behind Earth’s shadow, according to the popular site timeanddate.com. As the moon moves into Earth’s shadow, also known as the umbra, it appears red-orange or a “ghostly copper color,” hence its name: blood moon, NASA says.

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“During a lunar eclipse, the moon appears red or orange because any sunlight that’s not blocked by our planet is filtered through a thick slice of Earth’s atmosphere on its way to the lunar surface,” NASA says. “It’s as if all the world’s sunrises and sunsets are projected onto the moon.”

Countdown clock to the 2026 total lunar eclipse

If you live in the U.S., you will be able to see the eclipse starting at 12:44 a.m. PST Tuesday, March 3, 2026.

The entire eclipse will last about six hours. People in Nevada can see the lunar eclipse during the early morning hours of Tuesday, March 3, 2026. The total lunar eclipse will be visible in North America, South America, Eastern Europe, Asia, Australia and Antarctica.

Everything will be over by 6:23 a.m. PST on March 3, 2026. Below is a countdown clock for the 2026 total lunar eclipse.

Where are the best places to see the lunar eclipse near Reno?

Though the Biggest Little City has an abundance of light pollution, darker skies are less than an hour from Reno.

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  1. Fort Churchill State Park: The park provides a dark night sky ideal for evening astronomical events among the ruins of Fort Churchill. Park entrance costs $5 for Nevada residents and $10 for nonresidents.
  2. Pyramid Lake: A popular spot for Renoites seeking a night of stargazing, the lake is less than an hour from The Biggest Little City. It offers beautiful natural wonders and dark skies that give a clear view of the lunar eclipse.
  3. Lake Tahoe: Multiple locations around the lake are excellent for stargazing that are less than an hour from Reno.
  4. Cold Springs or Hidden Valley still get light pollution from the Biggest Little City, but have clearer skies than the middle of town.
  5. Driving down the road on USA Parkway will likely also give you the dark skies to see the lunar eclipse without having to make a significant drive outside of town.

Carly Sauvageau with the Reno Gazette Journal contributed to this report.



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