LAS VEGAS (KTNV) – Two new things are happening on or near the Las Vegas Strip.
The first is Red Rock Resorts, which is selling the Palms Hotel-Casino to the San Manuel Gaming and Hospitality Authority for $ 650 million. The San Manuel Band of Mission Indians says this expansion is expected to create over 1,000 jobs.
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The San Manuel Band of Mission Indians is a national philanthropic Indian tribe based in California.
After years of community support in Las Vegas, getting a physical foothold here is a milestone for the tribe.
“There were major pieces that we saw as a catalyst to making this business profitable. The first is that they have a nice database in Southern California. The second is that we know our guests are going to Las Vegas anyway way, to become part of the local business, “said San Manuel COO Rikki Tanenbaum.
In addition to a Native American gambling background, the Serrano in particular continue to seek ways to diversify their economies in order to be sustainable for generations to come. They hope to bring their value to Nevada for positive community impact.
RELATED: History of the San Manuel Band of the Serrano Mission Indians and the San Manuel Casino
CEO Laurens Vosloo tells us, “These two things are very important. The community and the employees before we talk about the business.”
They say it is too early to make definitive plans, but they have spoken with the Culinary Union and have plans on how surrounding casinos operate, including alcohol services. There are currently no plans to change the Palms name.
The second new development is MGM Resorts International and Infinity World Development Corp., which are selling two acres of land to the local 63SLVB company. The sale is expected to cost around $ 80 million.
RELATED: CityCenter Sells 2 Acre Package In The Heart Of The Las Vegas Strip
The vacant land is next to the shops in Crystals in the CityCenter between Las Vegas Boulevard and Harmon Avenue.
Both project transactions should be completed this year.
