“Las Vegas is a market that a lot of gaming operators want to get into and tribal casinos are some of the biggest casinos in the country so I think it’s definitely feasible that many of them would be looking into getting into Vegas,” he said.Īs Southern California’s casinos continue to grow and add new amenities, they’ve increasingly tried to capture a segment of audience that would normally vacation in Las Vegas. The move by the San Manuel Band to purchase the Palms adds a commercial gaming arm and allows the tribe to use the expertise it already has from its operation in Highland, Spilde said. She said diversification has taken different forms such as real estate, logistics centers and agritourism. Robert Payne School of Hospitality and Tourism Management and an expert on casinos. That echoes a national trend among tribes, said Katherine Spilde, a professor at San Diego State University’s L.

“The tribe has been talking about this kind of growth and diversification that will secure a future for at least two decades and probably longer,” Coin said.

Jacob Coin, executive adviser to San Manuel Tribal Chairman Ken Ramirez, said in a phone interview Tuesday afternoon that the acquisition of the Palms is part of the tribe’s mission of “securing a future for its people” and that the purchase of the resort in Las Vegas gives the tribe another financial avenue to accomplish that goal.

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The transaction is expected to close in 2021, but is subject to regulatory approvals and other closing conditions, according to a news release from San Manuel. The tribe, which already owns and operates San Manuel Casino in Highland, and the San Manuel Gaming and Hospitality Authority, a newly created entity that will run the Las Vegas resort, will acquire the casino property for $650 million, according to a news release from current Palms owner Red Rock Resorts.

The San Manuel Band of Mission Indians has announced plans to purchase the Palms Casino Resort in Las Vegas, making it the first tribe to own and operate a casino in the city’s resort corridor.

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