clock menu more-arrow no yes

Filed under:

Station Casinos Sells the Palms to the San Manuel Band of Mission Indians for $650 Million

The transaction should finalize later this year

A view of the Palms
Palms
Leinani Shak Photography

The San Manuel Band of Mission Indians plans to purchase the off-Strip Palms from Station Casinos for $650 million in cash. The blockbuster deal comes more than a year after the state shut down all nonessential businesses, including casinos, in March 2020 for 78 days to help stop the spread of COVID 19. The resort remained closed even after the state allowed casinos to reopen on June 4, 2020.

The Palms on the west side of the Strip underwent a $690 million renovation that wrapped up more than 10 months before the shutdown. The renovations brought new restaurants from celebrity chefs such as Bobby Flay and his seafood restaurant Shark; Michael Symon’s Mabel’s BBQ and Sara’s, the speakeasy inside it; and the Italian restaurant Vetri Cucina from Philadelphia chef Marc Vetri on the 56th floor of the resort, along with Tim Ho Wan and its menu of Cantonese-style dim sum and Scotch 80 Prime, the steakhouse.

Station Casinos bought the resort, originally developed by the Maloof family, in 2016 for $312.5 million.

Station Casinos kept three other resortsTexas Station, Fiesta Henderson, and Fiesta Rancho — closed until tourism returns.

The San Manuel Band of Mission Indians currently owns and operates the San Manuel Casino in Highland, California, east of San Bernardino.

The transaction is expected to close later in 2021, subject to the receipt of regulatory approvals and other customary closing conditions.

Vital Vegas originally reported the sale.

Fans of the Closed Palms Have a Long Wait for Its Return [ELV]

Keeping Tabs on the Changes at the Palms [ELV]

How Coronavirus Is Affecting Las Vegas Food and Restaurants [ELV]

Las Vegas Casino Reopenings: All the Updates [ELV]

Vetri Cucina

4321 West Flamingo Road, Las Vegas, NV 89103 (702) 944-5900 Visit Website

Tim Ho Wan

2700 Alton Parkway, , CA 92606 (262) 888-8828 Visit Website

Texas Station

2101 Texas Star Lane, , NV 89032 (702) 631-1000 Visit Website

Palms Casino Resort

4321 West Flamingo Road, , NV 89103 (702) 942-7777 Visit Website

Mabel’s BBQ

4321 Flamingo Road, Las Vegas, NV 89103

Shark

4321 W. Flamingo Road, Las Vegas, NV 702-942-7777 Visit Website

Scotch 80 Prime

4321 West Flamingo Road, , NV 89103 (702) 942-7777 Visit Website

Fiesta Henderson

777 W Lake Mead Pkwy, Henderson, NV 89015 +1 702-558-7000 Visit Website

Sign up for the newsletter Sign up for the Eater Las Vegas newsletter

The freshest news from the local food world