#Red Rock Resorts

Indy Gaming: Bally’s says it will close purchase of Tropicana Las Vegas next month

Bally's plans to redevelop Tropicana on the south-Strip are not likely to be realized until 2023. The team is considering two sites in the resort corridor for a new ballpark. Bally’s purchase of Tropicaana still needs approval by Nevada gaming regulators. The matter is not scheduled to come up on this month”s agenda. A's want to build a $1 billion waterfront ballpark in Oakland to replace the 57-year-old RingCentral Coliseum. They are also considering a 27-acre parcel behind Planet Hollywood and Paris Las Vegas.
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Indy Gaming: Bally’s says it will close purchase of Tropicana Las Vegas next month
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Consultants weigh in on Red Rock Resorts demolishing and selling three Las Vegas properties

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Red Rock Resorts Stakes $172M on 126 Acres of Land South of the Vegas Strip

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Red Rock Resorts doubling its portfolio by 2030 with projects on Las Vegas Boulevard South and elsewhere in the valley

Red Rock Casino Brings Las Vegas Strip-Like Luxury Off the Strip

Red Rock Resorts is building a new resort casino in the Fremont Street area. The company operates resort casinos far off the Las Vegas Strip. Red Rock's smaller scale gives it an intimate connection to its customers. Redrock's plans include having large swatches of land ready for future development.
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Red Rock Casino Brings Las Vegas Strip-Like Luxury Off the Strip
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Impending demise of Fiesta Henderson opens opportunities for smaller casino operators

Impending demise of Fiesta Henderson opens opportunities for smaller casino operators. Joe DeSimone and Tim Brooks are hoping to buy the closed Fiesta. Red Rock Resorts will not reopen the two North Las Vegas casinos that had been closed since March 2020. The company will sell the sites after demolishing the buildings and "reposition the land". It will also build Durango Station near the 215 Beltway in the southwest valley.  Red Rock acquired the Fiesta in 2001. It is spending $172.4 million to acquire 126 acres at the corner of Las Las Vites Boulevard and Cactus Avenue.
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Impending demise of Fiesta Henderson opens opportunities for smaller casino operators
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Casino closures for Station Casinos

Red Rock Resorts Incorporated is closing Texas Station, Fiesta Rancho and Fiesta Henderson properties and putting their sites up for sale. The company claims the decision was taken for economic and strategic reasons in the wake of changing consumer trends following the coronavirus pandemic.
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Casino closures for Station Casinos

Vegas company's 3 Station casino sites to be razed, sold

Red Rock Resorts plans to demolish three shuttered hotel towers and sell the properties. The properties have been closed since the start of the coronavirus pandemic in March 2020. Station Casinos is building a new property, dubbed the Durango Casino & Resort, southwest of Las Vegas Strip. It bought, renovated and sold the Palms Casino Resort near the Las Las Vegas Strip to the San Manuel Band of Mission Indians in May.
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Vegas company's 3 Station casino sites to be razed, sold
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Las Vegas Leader Closes 3 Casinos, Plans Huge Expansion

Caesars Entertainment, MGM Resorts International and Wynn Resort are the biggest players on the Las Vegas Strip. They build big, extravagant properties to attract tourists. Red Rock Reserves, the owners of Station casinos, is trying to do something different. It's trying for a new location. It caters more to locals than tourists, and it's looking for new locations.
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Las Vegas Leader Closes 3 Casinos, Plans Huge Expansion

Shuttered Station Casinos properties to be demolished, land resold

Texas Station, Fiesta Rancho and Fiesta Henderson properties will be demolished and the land resold. Station Casinos president Scott Kreeger thanks former employees and loyal guests for their support. The company will reinvest in their current open properties and develop more casinos in North Las Vegas and Henderson. The ice rink at Fiesta rancho will remain open.
Covid
Shuttered Station Casinos properties to be demolished, land resold
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Station Casinos to permanently close, demolish Texas Station, Fiesta properties and sell the land

Station is closing Texas Station and the Fiestas. Station is building the large-scale $750 million Durango Hotel & Casino in southwest Las Vegas and a new tavern project in downtown Las Las Veg. Fiesta Rancho opened its doors in 1994 on 25.5 acres and cost $25 million. It employed 1,748 people. The company will demolish the buildings and keep the Pepsi Ice Arena. The buildings will be demolished and employees will move to other Station properties. They will also be transferred to the new properties if they choose to change. A minimal number of employees are still working at the three properties, most of them in security and building maintenance roles.
Covid
Station Casinos to permanently close, demolish Texas Station, Fiesta properties and sell the land
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Downtown Las Vegas and Fremont Street Getting Surprise New Casino

Circa is a new resort casino on Fremont Street. It will be located on the site of a former hotel. The downtown area has a rougher reputation than the Las Vegas Strip. It's a place where you can get cheap food, live music and a photo session with street performers. Now, with the Strip exploding with new casinos, arenas and other developments, another major casino operator has set its sites on downtown for a major new project.
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Downtown Las Vegas and Fremont Street Getting Surprise New Casino

Station Casinos building new Wildfire-branded venue in downtown Las Vegas

Station Casinos is building a new Wildfire casino in downtown Las Vegas. The company is already building the $750 million Durango Casino & Resort in the Las Las Vegans Valley. Station owns 10 Wildfires and owns other properties around Southern Nevada. The proposed resort in Rhodes Ranch is to be built along Durang Drive beside the Vegas Beltway. It will be developed on roughly 50 acres with an adjacent 21 acres held for sale. Amador Bengochea is a contractor building WildFire for Station. He developed a 344-unit apartment complex, a mini-storage facility and a building that the Southern Nevadans Health District plans to occupy.
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Station Casinos building new Wildfire-branded venue in downtown Las Vegas

Strip, downtown casinos propel Nevada’s 15th straight billion-dollar revenue month

Strip casinos reported $731.5 million in gaming revenue for May. It's the market's highest-ever total for the month. May is Nevada's 15th straight month of $1 billion or more in gambling winnings. The state's $3 billion in total gaming revenues was 5.7 percent higher than the $2.23 billion recorded in May 2021. Special events, including the Canelo Alvarez-Dmitry Bivol championship boxing match, the Electric Daisy Carnival and two high-profile concerts – Pearl Jam and the Eagles – drove large crowds to the Strip.
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Strip, downtown casinos propel Nevada’s 15th straight billion-dollar revenue month

Serious sanction for Station Casinos

Red Rock Resorts Incorporated will pay $80,000 fine for past glitches in the sportsbook at its Red Rock Resort property. The settlement was agreed with the Nevada Gaming Control Board regulator two weeks ago and approved yesterday by the five-member Nevada gaming commission.
Gaming Authorities
Serious sanction for Station Casinos

Native American tribes bring fresh energy and time-tested traditions to Las Vegas hospitality

The San Manuel tribe bought the Palms Station. Cynthia Kiser Murphey is the tribe's general manager. She is a gaming veteran who worked for MGM Resorts International for 20 years. The tribe renovated the entire back-of-house area for its team members. 50% of former Palm's employees returned when the resort reopened. The resort opened in 2001. It has some of the most popular features. Its restaurants are still open. They include Scotch 80 Prime and Mabel’s BBQ by celebrity chef Michael Symon. Employees are flown out to the Yaamava” property regularly to experience other Sanmanese practices.
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Native American tribes bring fresh energy and time-tested traditions to Las Vegas hospitality

Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023

Five casinos in Southern Nevada are not going to reopen. The economic downturn is keeping the doors locked. Red Rock Resorts spends $2.1 million every three months to keep the properties operational. The Southern Nevadans produced a gaming revenue record of $1.17 billion in March. It is expected to be higher in the first four months of 2022. There are also concerns about the impact of inflation and high gas prices. For now, the three companies have written off any reopening plans. They are still required to pay state license fees and certain slot machine and table game taxes.
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Indy Gaming: ‘Economic challenges’ keeping five Clark County casinos closed into 2023

Iconic Las Vegas Casino Celebrates Its Grand Return

The Palms Casino has reopened after a closure due to pandemic. It is the first Las Vegas resort casino owned and operated by a Native American tribe. The casino opened in 2001. The off-Strip casino was sold for $650 million to the San Manuel Gaming and Hospitality Authority. it closed in March 2020 due the pandemics.
Land-based
Iconic Las Vegas Casino Celebrates Its Grand Return

Palms Casino Resort in Las Vegas Finally Reopens Doors

The Palms Casino Resort in Las Vegas reopens after a two-year hiatus. The opening comes just in time for the start of the three-day NFL Draft. New ownership has taken over the Palm through the San Manuel Band of Mission Indians.
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Palms Casino Resort in Las Vegas Finally Reopens Doors

A Phoenix in Las Vegas: The Palms Casino Resort Reopens

The Palms Casino Resort reopens on Wednesday, April 27. The hotel was closed for more than two years due to the Covid pandemic. It was bought by the San Manuel Band of Mission Indians in December 2021. Palm's features 21,000 square feet of formal meeting space, a 10,300-square-foot ballroom, eight breakout rooms of more more that 700 square-feet each, and more. There is also more 150,00 square ft of special-event space on property, including the Pearl Theater, 2,500-seat venue adjacent to ballrooms, the Moon & View space with retractable roof, Nove restaurant and bar, Apex bar and lounge, Fantasy Tower bar.
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A Phoenix in Las Vegas: The Palms Casino Resort Reopens

Indy Gaming: Expanded multi-state online gaming may not benefit Nevada

Nevada had three online poker sites in 2014, but only one recorded a monthly revenue exceeding $1 million. Caesars and MGM are among the largest online operators in the U.S. and offer World Series of Poker tickets online. The company BetMGM is not planning to bring online gaming to Nevada. The state's gaming industry is reluctant to legalize online casino gaming. Red Rock Casinos opposed any online regulation expansion. Last year, the Nevada Gaming Control Board postponed a workshop hearing to discuss potential regulatory changes. It was never rescheduled.
Industry
Indy Gaming: Expanded multi-state online gaming may not benefit Nevada

Indy Gaming: Aristocrat Americas president sees convergence with online and casinos

Tom O'Brien was promoted to president of Aristocrat's Americas Division in February. O’Brien's predecessor, Hector Fernandez, was appointed CEO of the company's land-based gaming products and services division. Mitchell Bowen, who was CEO for the land based division, is now heading the group that is growing Aristocrats' online gaming segment. Online gaming is hot and both players can play both online and at casinos. Aristocratic has been working with "a couple of big operators" on building an online platform that appeals to both market segments. It's aimed at increasing the presence of land base casinos in the online market.
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Indy Gaming: Aristocrat Americas president sees convergence with online and casinos

Las Vegas Advisor: Work begins on long-stalled $750M casino in Las Vegas

Work has begun on Red Rock ­Resorts’ Durango Station, a $750-million hotel-casino in southwest Las Vegas. The resort's completion date hasn't been announced, but it's expected to be late 2023 or early 2024. Redrock ­resorts remains mum on any plans for the reopening of its two Fiestas and Texas Station properties.
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Las Vegas Advisor: Work begins on long-stalled $750M casino in Las Vegas

Casino company marks start of work on new Vegas-area resort

Station Casinos has owned the undeveloped 71-acre (29-hectare) property since 2000. The Durango Casino & Resort is slated to open in late 2023. Station Casino has nine large casino-hotels and 10 bar, restaurant and sports betting properties.
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Another New Casino Coming to Las Vegas (It's 20 Years in the Making)

Another long-planned project has broken ground in Las Vegas. Caesars Entertainment is rebranding Bally's as the Horseshoe and MGM Resorts International is selling Mirage to Hard Rock International. Fontainebleau Las Las on the North Strip will be a huge property featuring 3,780 hotel rooms and 550,000 square feet coming in late 2023. The $1.9 billion MSG Sphere at the Venetian is a 17,500-seat entertainment venue targeted for completion by the end of 20 23.
Covid
Another New Casino Coming to Las Vegas (It's 20 Years in the Making)

Indy Gaming: Three years later, no action in D.C. to raise jackpot tax threshold

The gaming industry wants to increase the tax reporting threshold on slot machine jackpots from $1,200 to $5,000. The current threshold was established in 1977. House Congressional Gaming Caucus filed bipartisan legislation to have Congress authorize the changes. It's an election year and Congress is deadlocked by partisan bickering. A $2,500 jackpot is a common amount in slot machines. In the past, a $200 jack pot triggered a shutdown of the machine. Now, it's commonplace. According to AGA, slot revenues accounted for $32.5 billion of $53 billion in gaming revenues produced by the nation’s commercial casinos in 2021.
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Indy Gaming: Three years later, no action in D.C. to raise jackpot tax threshold

Red Rock Resorts, Inc. appoints Scott Kreeger to position of President

Scott Kreeger will be the new President of Red Rock Resorts on February 28, 2022. Mr. Kreeser rejoined the Company in September 2021 from Galaxy Entertainment Group in Macao, where he was Director of Operations Development, New Resort from January 2018. He joined Station Casinos in 2000 and held several senior positions in operations, property management, marketing, technology and Native American gaming.
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Red Rock Resorts, Inc. appoints Scott Kreeger to position of President

Closed casinos, visitation declines hurt two Clark County gaming markets

Closed North Las Vegas casinos and a decline in Laughlin visitation hurt the two Clark County gaming markets. North Vegas gaming revenue of $285.7 million was 5.5 percent below 2019 levels. Laugher's gaming total of 5 percent off from two years ago. Every market in Nevada surpassed 2020’s revenue totals. Las Las Vegas locals set a single-year record of $2.9 billion in gaming revenues during 2021. Las vegans saw 10 million fewer visitors than two year ago on the Strip.
Industry
Closed casinos, visitation declines hurt two Clark County gaming markets

Station Casino Durango construction commences

Red Rock Resorts Incorporated has commenced construction on a new $750 million facility for the southwestern suburbs of Las Vegas. The coming Station Casino Durango is now set to take shape on 71-acre parcel of land situated at the junction of South Durago Drive and Bruce Woodbury Beltway in the commuter community of Spring Valley.
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Station Casino Durango construction commences

Red Rock Breaks Ground on New $750m Las Vegas Casino

Red Rock Resorts has broken ground on a new $750m casino in Las Vegas. The gaming operator received the relevant permits from Clark County in January and has begun the development of the Durango Station casino and hotel. It will take 18-24 months to finish and will include over 2,000 slot machines and 46 table games, 200 hotel rooms, numerous restaurants, expansive meeting space, a spa, and a sportsbook. Red Rock has entered into a guaranteed-maximum price contract for the initial project phases and is looking to sell 23 acres of land behind the site for around $24m to help fund the project.
Land-based
Red Rock Breaks Ground on New $750m Las Vegas Casino

Palms ready to make Las Vegas 'history' with grand re-opening

The Palms Casino Resort will be re-opened this spring. The tribe bought the resort from Red Rock Resorts for $650 million. It will become the first Native American-owned casino in Las Vegas. The resort was originally owned by the Maloof family, the former owners of the Sacramento Kings. Station Casinos bought it in 2016 and invested $620 million into the property. After the COVID-19 pandemic, it closed in March 2020 and never reopened. Palm's general manager Cynthia Kiser Murphey joined the company in December. She had previously worked for MGM Resort International.
Covid

Las Vegas’ top real estate deals of 2021

Las Vegas spent the past year grappling with the pandemic and recovering from the economic disaster it unleashed in 2020. Las Vegas also saw a burst of lucrative casino sales on the Strip as tourism rebounded from public health crisis.
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Las Vegas’ top real estate deals of 2021

San Manuel begin hiring to reopen Palms hotel-casino

Palms Casino Resort in Las Vegas closed in March 2020 due to the coronavirus pandemic. The off-Strip resort is now owned by the San Manuel Band of Mission Indians. General manager hopes to bring back up to 600 of nearly 1,200 idled former workers.
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San Manuel begin hiring to reopen Palms hotel-casino

Tribe begins hiring to reopen newly purchased Vegas resort

Palms Casino Resort in Las Vegas closed in March 2020 due to the coronavirus pandemic. The new owners want to rehire up to 600 of the 1,200 former workers. They are recruiting through community agencies, job fairs and an online portal. San Manuel Band of Mission Indians acquired the 700-room Palms this year for $650 million from Red Rock Resorts.
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Tribe begins hiring to reopen newly purchased Vegas resort

Nevada Gaming Commission grants SMGHA operating licence for Palms Casino Resort

Nevada Gaming Commission grants SMGHA operating licence for Palms Casino Resort. The resort is scheduled to open next year in spring. It will create more than 1,000 jobs. Recruitment process has begun and interested applicants can apply on the Palm's website. SMgHA will close the transaction on 17 December 2021 and own PalMS Casino. SMHHA is an affiliate of the San Manuel Band of Mission Indians that owns and operates Yaamava’ Resort and Casino at Sanman in Highland.
Gaming Authorities
Nevada Gaming Commission grants SMGHA operating licence for Palms Casino Resort

Nevada Regulator Approves First Tribal Las Vegas Casino

Nevada Regulator Approves First Tribal Las Vegas Casino. San Manuel Band of Mission Indians of Southern California is ready to make history in the state of Nevada. The tribe can close its $650m acquisition of Las. Vegas’ Palms Casino Resort on Friday. It will make it the first tribe to own a casino in Las Las Angeles.
Land-based
Nevada Regulator Approves First Tribal Las Vegas Casino

San Manuel to reopen Palms Las Vegas in 2022

The San Manuel Gaming and Hospitality Authority received approval from the Nevada Gaming Commission as licensees for Palms Casino Resort in Las Vegas. The resort is set to reopen next year in the spring. Recruitment for more than 1,000 positions is underway. Palm includes more. than 700 hotel rooms and suites, multiple casual and upscale dining options, meeting and convention space, a 2,500-seat theater, pool and spa, and PalMS Place condominiums. The Tribe owns and operates Yaamava’ Resort & Casino at San. Manuel (formerly San Francisco Casino), in Highland, California.
Gaming Authorities
San Manuel to reopen Palms Las Vegas in 2022

Gaming Board approves first gaming license to a Native American tribe to operate in Las Vegas

Gaming Board approves first gaming license to a Native American tribe to operate in Las Vegas. San Manuel Indian Tribe bought Palms Casino resort from Station Casinos for $650 million. Recruitment for more than 1,000 positions is underway. Interested applicants can apply at www.palmscareers.com. The website will not be operational until the close of the transaction on Friday December 17. It's important to bring the strong values and culture of San Manuel Indian tribe into everything they do at the property.
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Gaming Board approves first gaming license to a Native American tribe to operate in Las Vegas

Potential further Las Vegas expansion for Station Casinos

Station Casinos is considering opening a small Wildfire-branded venue on a five-acre parcel of land it already owns near the center of Las Vegas. The company was recently given the go ahead for its Station Casino Durango facility in the southwestern suburbs of the Nevada metropolis.
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Potential further Las Vegas expansion for Station Casinos

Losses by large companies show pandemic still affects Las Vegas

Nevada continues to break records for monthly gaming win. Six of the 23 publicly traded companies in Review-Journal's coverage of gaming and tourism-related business suffered losses in the third quarter. Some companies have been struggling since casinos were shut down for 78 days in March 2020. The San Manuel Band of Mission Indians will apply to acquire the Palms from Red Rock Resorts for $650 million. MSG Entertainment Inc. reported its first-quarter 2022 earnings. Brendan Bussmann, director of government affairs for Las Vegas-based Global Market Advisors, says the industry will have to watch out for economic problems affecting other industries.
Covid
Losses by large companies show pandemic still affects Las Vegas

This Vegas Casino Operator Could Be a Recovery Winner

Red Rock Resorts has a unique position in the casino industry as a Vegas-based casino that operates outside of the Strip. Toby Bordelon and Jason Hall discuss the company's third-quarter earnings report and what's in store.
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This Vegas Casino Operator Could Be a Recovery Winner

Indy Gaming: Despite three closed properties, Red Rock expanding in Vegas

Red Rock Resorts expects to begin construction in the first quarter of 2022 on a $750 million hotel-casino development in southwest Las Vegas locals market. Three of Red Rock's older properties remain closed 20 months after gaming reopened in Nevada following a 78-day shutdown because of the pandemic. A fourth closed Station Casinos property, Palms Casino and Resort, is in process of being sold to the gaming arm of Southern California’s San Manuel Band of Mission Indians for $650 million. SB386 was passed during the 2021 Legislative session. It guaranteed the rights of gaming and tourism industry workers who were laid off during pandemia to return to their jobs. Redrock opposed the legislation.
Sports
Indy Gaming: Despite three closed properties, Red Rock expanding in Vegas

Station Casinos' Durango project to cost $750M, no plans yet for 3 closed venues

Station Casinos' planned casino resort at Durango Drive is estimated to cost $750 million. The development is expected to break ground in the first quarter of 2022 and take 18 to 24 months to complete. Station Casino has no plans to sell its casinos that have remained closed since March 2020. The company's net revenues increased 17% to $414.8 million in third quarter and its net income was up 64%. It also increased its adjusted EBITDA by 15%. It has migrated business to the six casinos still operating. It's less than 10% of the company’s cash flow.
Covid

San Manuel Casino Becomes Yaamava’ Resort and Casino

San Manuel Casino in California was rebranded as Yaamava’ Resort and Casino at San Manuel last week. The rebrand comes after the resort”s $760 million expansion. It included two new gaming floors, 1,300 new slot machines, 40 table games and a fifth high limit room, The Enclave. The first phase of the expansion also included the 24-hour Serrano Vista Café and three new stores.
Bingo
San Manuel Casino Becomes Yaamava’ Resort and Casino

Station Casino Durango gets Clark County approval

Station Casinos has received approval from Clark County officials to build a 211-room hotel and gaming hall at the Station Casino Durango in the southwestern suburbs of Las Vegas. The company purchased the site 20 years ago with the intention of building a modest casino.
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Station Casino Durango gets Clark County approval

San Manuel tribe rebrands flagship casino in Southern California

San Manuel tribe rebrands flagship casino in Southern California as Yaamava’ Resort & Casino at San Manuel. The tribe earlier this year expanded the casino to include more than 6,500 slot machines, an additional high-limit gaming room, three shops and new bars and restaurants. A new 17-floor hotel is expected to open in December. The property is a top-10 private employer in San Bernardino County that is estimated to employ more 6.000 people by the end of 2021. In May, the tribe announced it had struck a deal with Red Rock Resorts to buy the Palms off-Strip resort in Las Vegas.
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San Manuel tribe rebrands flagship casino in Southern California

The Palms Casino Resort appoints Cynthia Kiser Murphey as General Manager

Cynthia Kiser Murphey has been appointed General Manager of The Palms Casino Resort in Las Vegas. SMGHA Nevada, LLC, a wholly-owned subsidiary of the SMGsHA, is in a definitive agreement to acquire the Palm from Red Rock Resorts, Inc. The transaction is expected to close later in 2021. Mur phey was previously the President and Chief Operating Officer of New York-New York Hotel & Casino in 2008. She was also the Senior Vice President of MGM MIRAGE Human Resources from 1992 to 2008 and was named one of 25 "People to Watch" by Global Gaming Business magazine.
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San Manuel Gaming and Hospitality Authority Announces Cynthia Kiser Murphey as General Manager of The Palms Casino Resort in Las Vegas

Cynthia Kiser Murphey has joined the San Manuel team as General Manager for The Palms Casino Resort in Las Vegas. SMGHA Nevada, LLC, a wholly-owned subsidiary of the SMgHA, is in a definitive agreement to acquire the Palm from Red Rock Resorts, Inc. The transaction is expected to close later in 2021. Kizer Mur phey will be responsible for the operations of The Palm under SMGs Nevada. She has decades of experience in the gaming industry. In 2008, Kisers Murpy was named President and Chief Operating Officer of New York-New York Hotel & Casino in Vegas and served as Senior Vice President of MGM MIRAGE Human Resources.
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‘What’s the endgame?’ No resolution projected as decades-long feud between Culinary and Station Casinos continues

The Station Casinos is a talking point for politicians. Vice President Kamala Harris visited the Culinary Workers Local 226 in November 2019. She was there to talk about Station's treatment of its workers. Joe Biden visited them a month later. The union did not endorse the presidential candidates. It did endorse a collective bargaining agreement for its members. The dispute started in 1993. In 2008, the MGM Grand Las Vegas opened. There is still a long-standing labor dispute between Station and Red Rock Resorts. They are trying to resolve it.
UFC / MMA
‘What’s the endgame?’ No resolution projected as decades-long feud between Culinary and Station Casinos continues