Former Horizon Casino in Lake Tahoe to become a Hard Rock Casino & Hotel

South Lake Tahoe's Horizon Resort Casino is going to be a Hard Rock Casino & Hotel by the end of 2014 or beginning of 2015.

This comes amid local speculation and rumors that have been circling the community since the Horizon's closure this spring.

The new casino has a facebook page and website already.

Hard Rock Lake Tahoe is undergoing $60M in renovations and redesign that will highlight rock and roll and will also serve as a live music venue.

"The Hard Rock Hotel & Casino brand has music infused in its DNA and is known for celebrating individuality and uniqueness, which makes it a perfect fit for South Lake Tahoe," Jon Park of the Park family said in a statement.

The new local venture will have 500 hotel rooms, gaming tables, slot machines several new bars and restaurants and outdoor and indoor concert space.