California Tribe Buys Palms Casino in Vegas for $650 Million
- Native-American tribes gain clout in U.S. gaming capital
- Red Rock Resorts had bought and remodeled the property
The Palms Casino Resort in Las Vegas.
Photographer: Denise Truscello/Getty Images
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The San Manuel Band of Mission Indians agreed to buy the Palms Casino Resort in Las Vegas from Red Rock Resorts Inc. for $650 million, the biggest purchase by a Native-Indian tribe in the U.S. gambling capital.
The tribe operates the San Manuel Casino in Highland, California, about 70 miles east of Los Angeles. That property has been open for 35 years and is undergoing an expansion of its casino and hotel. The Palms sale, announced Tuesday, is expected to close later this year, the tribe said.