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Nevada Gaming Commission signs off on Palms Casino Resort sale
The San Manuel Band of Mission Indians is reportedly well on its way to becoming the first Native American tribe with a Las Vegas casino resort after having its deal to purchase the Palms Casino Resort unanimously approved by the four-member Nevada Gaming Commission.
According to a Thursday report from the Las Vegas Review-Journal newspaper, the federally-recognized band inked an agreement with Red Rock Resorts Incorporated in May that is to see it pay around $550 million so as to assume ownership over the 703-room property located just a stone’s throw from the Las Vegas Strip. The source detailed that this arrangement for the 30-acre property, which was signed off by the Nevada Gaming Control Board earlier this month, is now expected to close later today to give the tribe a pr…
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