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San Manuel Band of Mission Indians’ commitment to supporting team members, the community and charitable causes received high praise amongst competitors in...

A California tribe has announced that it's buying the Palms Casino Resort off the Las Vegas Strip

A California tribe announced Tuesday that it is buying the Palms Casino Resort off the Las Vegas Strip.

| The Palms Casino Resort in Las Vegas has been one of the few hotels to remain closed throughout the pandemic. The San Manuel Band of Mission Indians is buying the Palms Casino Resort in Las Vegas from Red Rock Resorts for $650 million in cash, the tribe and Red Rock announced today. The deal, subject to regulatory approvals and other conditions, is expected to be completed this year. The hotel-casino, which closed in March 2020 amid the pandemic shutdown, was among the few in Las Vegas not to reopen. Reopening would also be contingent on the tribe receiving a Nevada gaming license.

SAN MANUEL GAMING AND HOSPITALITY AUTHORITY TO ACQUIRE THE PALMS CASINO RESORT IN LAS VEGAS Native American Tribe’s Affiliate to Wholly Own and Operate Casino Resort in Las Vegas Highland, CA, May 04, 2021 (GLOBE NEWSWIRE) — The San Manuel Band of Mission Indians (“San Manuel” or the “Tribe”) and the San Manuel Gaming and Hospitality Authority (“SMGHA”) today announced a definitive agreement for a subsidiary of SMGHA to acquire the Palms Casino Resort (the “Palms”) in Las Vegas, Nevada from Red Rock Resorts, Inc. The transaction is expected to close later in 2021, subject ...