GMA quoted in CDC Gaming Reports

GMA quoted in CDC Gaming Reports

San Manuel Tribe set to receive license to operate the non-nightclub-centric Palms

by Buck Wargo

The San Manuel Band of Mission Indians is closing in on becoming the first Native American tribe to own a Las Vegas resort by the end of the month, but the new Palms won’t be like its predecessor.

The Nevada Gaming Control Board will hold a hearing Wednesday on licensing the California tribe to operate the Palms.  Red Rock Resorts, which operates as Station Casinos, said during its third-quarter earnings call that it plans to close on its sale of the Palms and the Palms Place condominiums for $650 million by the end of 2021. That property has remained closed since the shutdown in March 2020 and Red Rock has since focused on driving customers to its other properties and its plans for a Durango Station casino in the southwest valley.

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