LAS VEGAS (AP) — A California tribe announced Tuesday that it is buying the Palms Casino Resort off the Las Vegas Strip.
The San Manuel Band of Mission Indians is expected to acquire the 700-room Palms for $650 million from Red Rock Resorts later this year, the Las Vegas Review-Journal reported. It will be the second tribal enterprise to enter the Las Vegas market this year; Mohegan Gaming and Entertainment opened a casino at Virgin Hotels Las Vegas in March.
“Today represents an important step for the tribe and its long-term economic diversification strategy,” San Manuel Chairman Ken Ramirez said in a news release. “On behalf of the tribe, we are thankful for the opportunity to join a community that we have come to know and appreciate.”
The tribe has made several donations t
