He also shared his thoughts on the future state of Las Vegas concerning gaming and tourism by saying that the city is bound for a massive comeback because it is the center for gaming in the US. That is why he labeled the Palms take over as the next phase of the diversification strategy and has the potential to be “a generational asset for the tribe.” Vosloo went on to say that the brand can be strengthened and have its reach expanded by using its sports partnership philanthropy. He also added that apart from the $650 million needed for the purchase, the tribe also set aside another $100 million in working capital for when the property opens its doors. Laurens Vosloo, the CEO of the tribe, stated that the price for which the property is being purchased is great, considering the fact that Red Rocks spent $690 million in 2019 to renovate it. J Brin Gibson, the chairman of the board, also expressed his happiness by saying that he’s extremely excited to see the tribe, which operates a San Bernardino casino, performing in Vegas, the gambling capital of the US. Considering the fact that everyone is aware that Las Vegas is and will be the top gambling center in North America, the tribe is honored to have the chance to join the community and contribute to its legacy. She also added that the tribe is not a corporation and that it has a long-term focus on its tribal members’ future.

Latisha Casas, the San Manuel Gaming and Hospitality Authority chairwoman, greeted the achievement and labeled it as humbling, monumental, and historic. The deal is set to be finalized by the end of 2021, and the total cost is $650 million. The California tribe that is set to take over Palms and Palms Place condominiums adjacent to Red Rock Resorts is The San Manuel Band of Mission Indians, one of the tribes that proposed the launch of sports betting in California. The San Manuel Band of Mission Indians to Pay $650 Million The final approval will be in the hands of the Nevada Gaming Commission on December 16, but there weren’t any hiccups during the preliminary hearing. The Nevada Gaming Control Board contributed to a historical moment to the gambling industry in Las Vegas as it recommended a tribe from California to be the first one to have a casino when it purchases the Palms.

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