comscore Las Vegas Advisor: Palms casino in Las Vegas acquired for $650 million | Honolulu Star-Advertiser
Las Vegas Advisor | Travel

Las Vegas Advisor: Palms casino in Las Vegas acquired for $650 million

Red Rock Resorts, owner of the Station and Fiesta casinos, has sold the Palms to the San Manuel Band of Mission Indians, which operates the San Manuel Casino in the San Diego area.

San Manuel paid $650 mil- lion for the Palms, less than the $690 million spent by Red Rock on a recent comprehensive renovation of the resort.

The Palms has not reopened since the shutdown and the sales agreement precludes a reopening until the deal closes later this year. There’s been no indication that a name change is planned.

Tao buys Hakkasan: Tao Group Hospitality has acquired Hakkasan Group, creating a global entertainment behemoth with several high-profile properties in Las Vegas. Among those venues are Tao’s eponymous nightclub at the Venetian, Lavo at Palazzo and Marquee at the Cosmopolitan, along with Hakkasan’s Wet Republic at MGM Grand, Omnia at Caesars Palace and Jewel at Aria.

Draft day: The dates have been set for the NFL draft 2022 that will be held in Las Vegas. The event will run April 28-30, coming on the heels of the Pro Bowl being played at Allegiant Stadium on Feb. 6. The draft is expected to be a huge event that will draw crowds similar to New Year’s Eve and Super Bowl weekends. It was scheduled to be in Las Vegas in 2020, but was canceled due to the pandemic.

Jackpots: Two more million-­dollar slot jackpots were hit last week — one on the Strip and the other downtown. The first was for $2.9 million on a Wheel of Fortune machine at the Venetian. The second was for $1.2 million on a Buffalo machine at the D.

Question: Is there a gas shortage in Las Vegas?

Answer: No. There were a couple of instances in the past month of some stations closing their pumps, but there was always another station open right down the street. There’s been a marginal increase in price (around $3.30 per gallon now), but there’s been no time when there was a real possibility of not being able to fuel up.


For more information about current Las Vegas shows, buffets, coupons, and good deals, go to LasVegasAdvisor.com.


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