This week in Las Vegas, it was reported that the San Manuel Band of Mission Indians made an agreement to purchase the Palms Casino Resort from Red Rock Resorts Inc. for a reported $650 million dollars. They are the owner/operator of the San Manuel Casino, in California.
The San Manuel Band of Mission Indians purchasing the Palms Casino Resort will add more competition to the Las Vegas market. More competition is good for the consumer.
We congratulate the new owners of the Palms and welcome them to Las Vegas. We look forward to the resort, located just west of the Las Vegas Strip, reopening. We believe they will bring great excitement to the Las Vegas market.