The Las Vegas Palms has finally reopened! They are one of the last to do so following the pandemic shit down. And now, the Palms has the honor of being the first casino in Vegas to be fully owned and operated by Tribal Gaming! The San Manuel Band of Mission Indians!
Las Vegas has been kicking some financial ass lately, having reached their third highest total for gaming revenue ever! The city was able to generate over $745 million in March, while Nevada as a whole was setting their own revenue records… or nearly. They had their second highest revenue month in March, raking in $1.35 billion from gaming, and extending the record breaking run of consecutive billion dollar months which now stands at 13 in a row!
So, the San Manuel could not have picked a better time to re-open the Las Vegas Palms. And there may not be a better time to re-brand a casino, or perhaps even build a new one! Bally’s is going to be rebranded as the Horseshoe, and the Mirage will soon rebrand as the Hard Rock. There are even rumors that the Tropicana may end up taking the Bally’s name! And in the middle of all this movement comes the billionaire owner of the Golden Nugget, Tillman Fertitta, buying up land on the Vegas Strip!
While the Las Vegas Palms was stealing headlines this week, Mr. Fertitta was quietly working on a deal to acquire 6 acres of land for $200 million, right on Las Vegas Boulevard. The location is next to the City Center complex and next door to the Aria!
