LAS VEGAS (KTNV) — Two new things are happening on or near the Las Vegas Strip.
The first is Red Rock Resorts selling the Palms hotel-casino to San Manuel Gaming and Hospitality Authority for $650 million. San Manuel Band of Mission Indians says this expansion is expected to create over 1,000 jobs.
San Manuel Band of Mission Indians is a nationwide philanthropic California American Indian tribe.
After years of supporting the Las Vegas community, having a physical foothold here is a milestone for the tribe.
"There were main pieces that we viewed as a catalyst for making this a viable business. The first is they have a nice southern California database. The second is we know our guests go to Las Vegas anyway. So we would like to figure out a way to become a part of the local business," said San Manuel COO Rikki Tanenbaum.
Along with the background of Native American gaming, particularly the Serrano tribe continue to look for ways to diversify their economy to be sustainable for generations to come. They hope to bring their value of positive community impacts to Nevada.
CEO Laurens Vosloo tells us: "Those two things are very critical to use. The community and the employees before we talk about business."
They say it’s too early for definitive plans but they have talked with the Culinary Union and plan on operating like surrounding casinos, including alcohol services. There are no plans to change the Palms name at this time.
The second new development is MGM Resorts International and Infinity World Development Corp. selling two acres of land to the local 63SLVB company. The sale is set to go for about $80 million.
The undeveloped land is located next to the Shops at Crystals at CityCenter between Las Vegas Boulevard and Harmon Avenue.
Both project transactions are set to close this year.