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SAN MANUEL GAMING AND HOSPITALITY AUTHORITY TO ACQUIRE THE PALMS CASINO RESORT IN LAS VEGAS
Native American Tribe’s Affiliate to Wholly Own and Operate Casino Resort in Las Vegas
Highland, CA, May 04, 2021 (GLOBE NEWSWIRE) The San Manuel Band of Mission Indians (“San Manuel” or the “Tribe”) and the San Manuel Gaming and Hospitality Authority (“SMGHA”) today announced a definitive agreement for a subsidiary of SMGHA to acquire the Palms Casino Resort (the “Palms”) in Las Vegas, Nevada from Red Rock Resorts, Inc. The transaction is expected to close later in 2021, subject to the receipt of regulatory approvals and other customary closing conditions.