California tribe to buy Palms Casino Resort in Las Vegas

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Apex Rooftop Bar & Lounge at the Palms Casino Resort. Valley News/Palms Casino Resort photo
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
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