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San Manuel enter Nevada gaming market with Palms acquisition

5th May 2021 9:07 am GMT
Palms Las Vegas
Playtech

The San Manuel Band of Mission Indians are entering Nevada’s gambling market with a deal to acquire the Palms Casino Resort in Las Vegas.

San Manuel will acquire the venue from Red Rock Resorts for $650 million in cash, with the transaction expected to complete later this year, subject to regulatory approvals and other customary closing conditions. 

San Manuel described the agreement as a milestone for the tribe, which has operated a casino in California for 35 [...]

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