“We are grateful for this opportunity to share our long-standing tradition of hospitality with Las Vegas and execute our vision for this iconic resort, starting by welcoming back former and current Palms employees,” said SMGHA Chairwoman Latisha Casas. It will be the first American Indian-owned enterprise to own and operate a casino resort in Las Vegas. The San Manuel Gaming and Hospitality Authority is set to acquire the venue from Red Rock Resorts for $650 million. The tribe was given unanimous approval from the Gaming Commission. The Palms purchase is now set to close on Friday, and the tribe announced plans “to reopen next year in spring,” by March. The tribal nation described the Gaming Commission's decision as “historic,” clearing San Manuel to assume ownership of Palms. The San Manuel Gaming and Hospitality Authority, the gaming and hospitality businesses arm of the California-based San Manuel Band of Mission Indians, has received approval from the Nevada Gaming Commission as licensee for the Palms Casino Resort in Las Vegas, the tribe announced on Thursday.
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