“Basically when we go in, we touch every square foot of the casino.” “We will revamp every single room,” he said. He said he expects the number of employees to increase to 30-40 percent and add numerous restaurants. “If the Golden Nugget name is on it we expect it to be one of the top properties in the market.”

“We will take this property and totally transform it, as we always do,” Fertitta said. The transfer will start a complete rebranding that could take the next two years.

“We’ve always liked the Tahoe market and we saw this as a great opportunity,” Fertitta said. President Tilman Joseph Fertitta described the plan for the transfer to board members.