'Today represents an important step for the Tribe and its long-term economic diversification strategy,” said San Manuel Chairman Ken Ramirez. The transaction is expected to close later in 2021, subject to the receipt of regulatory approvals and other customary closing conditions.Īfter 35 years of operating San Manuel Casino in Highland, California, Tuesday's announcement reflects a milestone for San Manuel, according to its representatives. Culinary Union says Palms sale will not impact negotiations on behalf of workers.Big changes coming to the Las Vegas Strip and beyond.EXPERTS: Vegas casino ownership changes reflect emerging trend, a 'win' for the customer.The San Manuel Band of Mission Indians and the San Manuel Gaming and Hospitality Authority announced the definitive agreement to acquire the Palms from Red Rock Resorts in a press release Tuesday morning. LAS VEGAS (KTNV) - San Manuel has announced an agreement to purchase the Palms hotel-casino for $650 million.
