Red Rock Resorts Inc. announced a definitive agreement between its subsidiary, Station Casinos, and a subsidiary of the San Manuel Band of Mission Indians to sell Palms Casinos Resort for $ 650 million in cash, subject to customary adjustments.
“Today represents an important step for the tribe and its strategy of long-term economic diversification,” said San Manuel Band of Mission Indians President Ken Ramirez. “On behalf of the tribe, I want to express my appreciation for the opportunity to enter a community that we have come to know and appreciate.”
About Red Rock Resorts and Station Casinos
The Red Rock Resort is a hotel and casino in Summerlin South, Nevada, located in the Las Vegas Valley. It is owned and operated by Station Casinos.
Station Casinos is the premier provider of games and entertainment for Las Vegas, Nevada residents. Station Casinos properties, located throughout the Las Vegas valley, are regional entertainment destinations and include a range of amenities, including numerous restaurants, entertainment venues, cinemas, bowling and convention / banquet space, as well as traditional gambling offerings. casino, such as video poker, slot machines, table games, bingo and racing and sports betting.
Station Casinos owns and operates the Red Rock Casino Resort Spa, Green Valley Ranch Resort Spa Casino, Palace Station Hotel & Casino, Boulder Station Hotel & Casino, Sunset Station Hotel & Casino, Santa Fe Station Hotel & Casino, Texas Station Gambling Hall & Hotel, Fiesta Rancho Casino Hotel, Fiesta Henderson Casino Hotel, Wildfire Rancho, Wildfire Boulder, Wild Wild West Gambling Hall & Hotel, Wildfire Sunset, Wildfire Valley View, Wildfire Anthem and Wildfire Lake Mead.
It also has a 50% stake in Barley’s Casino & Brewing Company, Wildfire Casino & Lanes and The Greens. In addition, he managed the Graton Resort & Casino in Northern California until February 2021.
