Paragon Gaming

What Paragon Gaming does

Paragon Gaming is a Las Vegas-based, privately held casino developer and operator founded in 2000 that provides end-to-end gaming-industry services spanning concept, development, licensing, and full operations. The company offers casino management services including market analysis, planning and development, finance, public affairs, government entitlements, and strategic partnership sourcing, and it generates revenue through owned property operations (Hard Rock Hotel and Casino Lake Tahoe, OYO Hotel and Casino Las Vegas), Resort Management Agreements with property owners (Westgate Las Vegas, historic Riviera), and development JVs with partners and tribal governments (River Cree Resort and Casino with Enoch Cree Nation; Parq Vancouver with Dundee Corporation and PBC Group). Its customer base is a small set of large enterprise and governmental counterparties — tribal nations, real-estate owners, and corporate development partners — rather than a high-volume SMB or consumer book.

The underlying technology stack is not a differentiator; the business is built on operating expertise, regulatory licensing, and capital execution rather than proprietary software. Paragon's principal assets are its Nevada Gaming Commission license and equivalent licenses across multiple North American jurisdictions, along with a leadership team drawn from second-generation Nevada gaming dynasty roots (William Bennett / Circus Circus lineage), which underwrites its ability to win entitlement-heavy, capital-intensive deals on time and on budget.

The economic model combines transaction-fee and asset-level economics. Owned and operated casino-hotel properties generate gaming, hotel, F&B, and event-space revenue book-through; third-party management contracts produce managed-services fees scaled to underlying asset performance. The company explicitly sells not at the SMB or consumer level but into enterprise and tribal channels (Westgate Resorts, Enoch Cree Nation, Dundee Corporation, PBC Group), operating across Nevada and Western Canada with a 501–1,000-person team.

Name

Paragon Gaming

Legal name

Paragon Gaming

Website

https://paragongaming.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Paragon Gaming is a Las Vegas-based, privately held casino developer and operator founded in 2000 that develops, licenses, and operates gaming-resort properties across Nevada and Western Canada for enterprise owners, tribal nations, and corporate development partners.

Ownership category

akta.pro rank

Product category

Casino and Resort Management Services

NAICS

Casino Hotels (72112), Casinos (except Casino Hotels) (713210)

SIC

Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Integrated Casino Resorts (Casino + Hotel/Entertainment) (MPAEAAAA)

akta.pro secondary industry

Gaming Machine Systems & Management (CMS, TITO, Player Tracking, Bonusing) (MPAEAJAH)

Keywords

• Casino management
• Casino development
• Resort operations
• Gaming hospitality
• Property management

Headquarters

HQ city

Las Vegas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Casino Gaming Operations: Revenue generated from casino floor operations including slot machines, table games, and poker tables at owned and operated properties.
2. Hotel Operations: Revenue from hotel room accommodations at casino-hotel properties. Properties include OYO Hotel and Casino Las Vegas with multiple food and beverage outlets.
3. Management Fees: Paragon Gaming earns management fees through Resort Management Agreements to operate entire resorts on behalf of property owners, such as the agreement with Westgate Resorts to operate Westgate Las Vegas Resort & Casino.
4. Food and Beverage: Revenue from multiple food and beverage outlets across casino-hotel properties including restaurants, bars, lounges, and buffets.
5. Convention and Event Space: Revenue from meeting and event space rentals, including Parq Vancouver's more than 60,000 square feet of flexible meeting and event space featuring Vancouver's largest hotel ballroom.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Paragon Gaming is a casino developer, owner, and operator that develops, manages, and operates casino-resort properties across North America. The company provides full-spectrum casino management services including market analysis, planning and development, finance, public affairs, and government entitlements approvals. It operates owned casino-hotel properties (e.g., OYO Hotel and Casino Las Vegas, Hard Rock Hotel & Casino Lake Tahoe) and manages third-party-owned resorts under Resort Management Agreements (e.g., Westgate Las Vegas Resort & Casino).

Product overview

Paragon Gaming is a casino and hospitality management company that develops and operates gaming properties across North America. The company offers casino management services including market analysis, planning and development, finance, public affairs, and government entitlements approvals. Its property portfolio includes current and past gaming destinations: OYO Hotel and Casino Las Vegas (current), along with The Den Las Vegas, Hard Rock Hotel & Casino Lake Tahoe, Edgewater Casino, Parq Vancouver, Westgate Las Vegas, Riviera, and River Cree Resort & Casino (all past projects). The company was established in 2000 and is led by second-generation members from one of Nevada's most prominent gaming families.

Differentiator

Problem solved

Functional benefit

Products and services

• Casino Management Services Full-spectrum casino management services for gaming facilities, including market analysis, planning and development, finance, public affairs, government entitlements approvals, and securing strategic partnerships. Provided under Resort Management Agreements to property owners (e.g., Westgate Resorts for Westgate Las Vegas) and to tribal partners (e.g., Enoch Cree Nation for River Cree Resort & Casino). Spans all disciplines, jurisdictions, and products across North American casino markets.
• OYO Hotel and Casino Las Vegas Current project: an off-strip hotel and casino property located at 115 East Tropicana Avenue, Las Vegas, offering chic accommodations, modern amenities, and on-site entertainment including Steak 'n Shake, Splash Cantina, and Southside Eatery. Operated by Paragon Gaming.
• Hard Rock Hotel & Casino Lake Tahoe A fully integrated lodging and gaming resort in South Lake Tahoe operated by Paragon Gaming as a year-round entertainment destination, featuring 539 rooms, a 25,000-square-foot casino, Hard Rock retail store, seven restaurant concepts, a Vinyl showroom, and live entertainment.
• Westgate Las Vegas Resort & Casino A resort and casino managed by Paragon Gaming under a Resort Management Agreement with Westgate Resorts (Nevada Gaming Commission licensed), featuring 3,000 guest rooms including 300 suites and three luxury villas, 10 food and beverage experiences, entertainment in the Elvis Presley theater, 800 slot machines, 25 table games, and the world's largest race and sports book (Superbook); property underwent an $80M renovation.

Quantifiable outcome

• Riviera Hotel & Casino turnaround: transformed from $17M trailing twelve-month loss to approximately $4M positive profit in first full year of management (July 2013 - July 2014)
• +3 more outcomes

Named customers6 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Dundee CorporationcoreStrategic or Co-development Partner · 29 September 2017Paragon Gaming developed Parq Vancouver in partnership with Dundee Corporation and PBC Group. Parq Vancouver is an international hospitality and entertainment destination featuring two first-to-market hotels (JW Marriott Parq Vancouver and DOUGLAS, an Autograph Collection Hotel), world-class gaming, eight restaurant and lounge concepts, and more than 60,000 square feet of meeting and event space. The property opened to the public on September 29, 2017.
• PBC GroupcoreStrategic or Co-development Partner · 29 September 2017PBC Group partnered with Paragon Gaming and Dundee Corporation to develop Parq Vancouver. This international hospitality and entertainment destination was developed over more than a decade of planning and development, built to LEED Gold standards with a uniquely vertical multi-tower design.
• Enoch Cree NationcoreStrategic or Co-development Partner · 1 October 2006Paragon Gaming led the development of the $180M River Cree Resort & Casino located on the Enoch Cree Nation Reserve bordering Edmonton, Alberta, Canada. The resort opened in October 2006 on time and on budget and became the most profitable casino in Edmonton during Paragon's eight-year operation. After delivering industry-leading results, Paragon sold its interest in the property.
• Westgate ResortscoreStrategic or Co-development PartnerParagon Gaming is licensed to operate the casino at Westgate Las Vegas by the Nevada Gaming Commission and has entered into a Resort Management Agreement to operate the entire Westgate Las Vegas Resort & Casino on behalf of Westgate Resorts. The property features 3,000 guest rooms including 300 suites, an $80M renovated facility, and the world's largest race and sports book (Superbook).

Scale indicators7 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• Global Gaming & Resorts Management: Independent casino management firms that operate third-party-owned gaming properties are direct peers to Paragon's management-services revenue stream, particularly for tribal and resort casino mandates.
• Affinity Gaming: Affinity Gaming operates a portfolio of regional casinos and is a direct comparable in the multi-property casino operator space with similar headcount and revenue scale. Both companies manage regional gaming assets in Nevada and operate similar gaming product mixes.
• Cordish Companies / Live! Casino: Cordish Companies' Live! Casino division develops and operates regional integrated casino-resort properties, comparable to Paragon in their developer-operator model, turnkey project delivery, and regional market focus.
• Full House Resorts: Full House Resorts owns and operates small-to-mid-market casino-resort properties across the U.S., directly comparable to Paragon in asset profile (regional casino hotels) and operator-led strategy, though more asset-heavy and public.
• Monarch Casino & Resort: Monarch operates the Atlantis Casino Resort Spa in Reno and the Black Hawk property in Colorado, comparable in scale to a single Paragon-managed property and in their regional casino-resort operating model.

Broad incumbents

• Boyd Gaming Corporation: Boyd Gaming operates a large portfolio of regional and Las Vegas casinos including management contracts for FanDuel partnerships; a broader incumbent in the same space with overlapping operations in Nevada and comparable regional gaming markets.
• Station Casinos (Red Rock Resorts): Station Casinos operates locals-oriented and regional casino properties in Las Vegas and other markets, a broader incumbent operating a multi-property gaming portfolio that competes with Paragon-managed properties for regional and Las Vegas customers.
• Hard Rock International (Seminole Tribe): Hard Rock International operates and licenses a global portfolio of integrated casino-resort properties (including the Lake Tahoe asset formerly operated by Paragon), a broad incumbent with overlapping brand presence in casino-resort management.

Regional players

• Gateway Casinos & Entertainment: Gateway Casinos operates a large portfolio of gaming properties across Western Canada, directly comparable to Paragon's Canadian operations and overlapping in the British Columbia and Alberta markets where Paragon has historically operated.
• Great Canadian Gaming (owned by Apollo): Great Canadian Gaming operates casinos in British Columbia, Alberta, and Ontario — overlapping with Paragon's Canadian geography (Parq Vancouver, River Cree in Edmonton) and a regional peer for the Canadian gaming market.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/paragon-gaming

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paragon Gaming