Full House Resorts and an affiliate of Hyatt Resorts said Thursday they will invest a combined $5 million to upgrade the Grand Lodge Casino at Hyatt Regency Lake Tahoe.
Las Vegas-based Full House, which operates the casino through a management agreement, will invest $1.5 million in new gaming equipment. Also, the company’s lease to manage the Grand Lodge was extended to 2023.
“We value our long-standing relationship with Hyatt and are pleased to collaborate to further differentiate this resort from any competitor in Northern California or Nevada,” said Full House CEO Dan Lee.
Hyatt will invest up to $3.5 million in the refurbishment of the casino and related food and beverage facilities.
Lee said the renovation, which will take a year, will be phased in to minimize guest disruption at both the casino and resort.
In addition to the Grand Lodge, Full House owns the Stockman’s Casino in Fallon, the Rising Sun Casino in Indiana and the Silver Slipper Casino in Bay St. Louis, Miss.
The company said in September it was acquiring Bronco Billy’s Casino and Hotel in Cripple Creek, Colo., for $30 million.
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