Nevada Gaming Commision Approves San Manuel Tribe’s Purchase of Palms Casino

Empathy Suite Instead the Palms Casino in Las Vegas

The San Manuel Gaming and Hospitality Authority announced on Friday that it has received approval from the Nevada Gaming Commission as licensees for the Palms Casino Resort in Las Vegas.

Said SMGHA Chairwoman Latisha Casas in a statement:

“We are grateful for this opportunity to share our long-standing tradition of hospitality with Las Vegas and execute our vision for this iconic resort, starting by welcoming back former and current Palms employees. Together, we will create history.”

The approval came on Thursday, or two weeks after the Nevada Gaming Board recommended approval of the $650 million purchase from Red Rock Resorts. With a gaming license in place, the acquisition closed on Friday.

History Was Made

Indeed history was made with the Nevada Gaming Commission’s approval. Connecticut’s Mohegan Tribe currently operates the casino inside Virgin Hotels Las Vegas under a lease agreement. But the San Manuel Band of Mission Indians are the first Native American Tribe to both own and operate a casino resort in Las Vegas.

The Tribe is the owner of the Yaamava’ Resort & Casino in San Manuel, Highland, California. That casino is the former San Manuel Casino which started as a Bingo Hall way back in 1935. Incidentally, that new property launched on the same week that the Nevada Commission signed off on the Palms sale.

The Palms was one of the four properties of Red Rock Resort that remained closed following the state’s 78-day shutdown on gaming last year at the height of the pandemic. Last May, San Manuel announced that it would purchase the property from Station Casinos, the parent company of Red Rock Resorts, for $650M in cash.

Spring 2022 Reopening

With little capital improvement needed on the Palms Casino after its previous owner had spent roughly $1 billion to renovate an expand the off-Strip property, San Manuel representatives that they plan to reopen the casino in the spring of 2022.

In addition to the casino, the Palms has more than 700 hotel rooms and suites, multiple casual and upscale dining options, a meeting and convention space, a 2,500-seat theater, pool and spa, and the Palms Place condominium.

The reopening would require 1,000 new jobs ranging from casino, operations, hotel management, food and beverage, along with supervisory positions. According to the Tribe, the job applications process is already underway. Within days after the close of the deal, guests can start making reservations at Palms Place. Meanwhile, reservations for Palms Casino resort will be available in the early part of 2022.

Mirage Set To Reopen on Aug. 27

MGM announced on Friday that The Mirage will reopen on August 27th.

The opening comes ahead of the long labor day weekend and the integrated resort is eyeing to capitalize on the expected traffic during that three-day break. Labor day 2020 will be on September 7, 2020. 

The Mirage has been closed since March of this year due to the coronavirus pandemic. When Nevada allowed casino gaming to return last June 4, MGM Resorts said that it would open its Las Vegas properties in phases, and as the travel demand returns.

Said MGM CEO Bill Hornbuckle:

“As we have slowly and thoughtfully reintroduced our properties across the country, we have placed the health and safety of our guests and employees first at all times. Reopening The Mirage allows us to bring many more of our employees back to work, which is critical in the recovery of our community.”

One of the Last To Reopen

The Mirage Casino resort ushered the transformation of the Las Vegas Stip when it debuted in 1989. The 3,044-room resort is part of casino giant MGM Resorts International and is well-known for its iconic volcanic show. It was also the longtime home for world famous magicians Siegfried and Roy. The Mirage has also hosted the popular Cirque du Soleil show “The Beatles LOVE” for years.

Like the other MGM hotels, The Mirage will have complimentary self-service parking by no valet parking. MGM’s health and safety protocols will also be in place. These include the wearing of face masks, use of plexiglass barriers, and the strict implementation of social distancing.

The first MGM hotels to open in the state were Bellagio, New York-New York, and MGM Grand. Aria, Vdara, Mandalay Bay, the Signature at the MGM Grand, Delano Las Vegas, Excalibur, and Luxor followed. The Mirage is one of the last of MGM’s 13 hotels to reopen. After August 27th, only Park MGM and NoMad, a boutique hotel inside Park MGM, will be the only two MGM hotels closed.

Good News

The Mirage did not mention how many employees will return for work during the reopening. However, gaming establishments all over the United States are operating at a decreased capacity as part of the health protocols imposed due to the pandemic, which means lower staff count.

Still, the announcement of the reopening of the Mirage is good news for the Silver state’s depleted economy. The Nevada Department of Employment, Training, and Rehabilitation reported a jobless rate of 15% last June, one of the highest in the entire country.

Last year, Mirage contributed a total of $615.17 in revenue to the Las Vegas economy, an increase of almost $20M from its 2018 income figures. The Mirage ranked fourth among Las Vegas Strip hotels and resorts in revenues, behind only Bellagio, MGM Grand, and Mandalay Bay.


Resorts World Update: Scheduled to Open in 2021

Resorts World, one of the biggest and most exciting casino-resorts in Las Vegas, now has an official opening date. It’s been a long time coming for this gambling venue which initially underwent construction in 2016. We’ve just been given a Resorts World update, and it seems that this gambling venue will be opening in the summer of 2021. Resorts World Las Vegas

This Genting Group-owned property is expected to become one of the biggest and most lucrative in the city. Today, we’ll look at what we know about this venue so far. We’ll also talk about some of the new features coming here.

Let’s get into it!

It’s Been a Long Road For Resorts World to Finally Open

Opening a hotel-casinos on the Las Vegas Strip is never easy. This is true now more than ever. Resorts World has gone through several major delays over the years yet it appears it’s finally on schedule to open.

Genting Group first purchased the land for this casino-resort back in March of 2013 for $350 million. Officials quickly began looking into how much money the construction process would cost. It was reported that the initial stage would take $4 billion to construct. Most of the design process was done privately.

Groundbreaking plans were initially scheduled for 2014. Unfortunately, one of Genting Group’s primary officials left the company, delaying this process. Groundbreaking eventually took place in May of 2015 during a ceremony that included lion dancers.

The Genting Group has dealt with several construction issues and lawsuits over the years. In 2018, Wynn Resorts filed a trademark infringement against Genting. Earlier this year, Wynn Resorts even sought a temporary restraining order against the project.

Hope was that Resorts World would finally open in 2020. This massive-casino resort is now scheduled to open in the summer of 2021.

Genting Group Offers Resorts World Update

Resorts World is opening several years than initially expected. According to company officials, however, the wait will be worth it. Genting offered a Resorts World update to the media this week and what’s being discussed sounds incredible.

The company officially upgraded plans for this multi-billion-dollar venue. They are now choosing to increase capacity, expanding the budget, and announced plans to break into the music residency business.

According to new reports, Resorts World will now cost $4.3 billion to construct. That makes it the most expensive gambling venue ever made in Las Vegas. Scott Sibella, president of this gambling venue, has already revealed some major changes.

It might take forever to open, yet this is expected to become one of the best gambling venues in the city. For $4.3 billion, that should certainly be the case.

Here are some of the things we now know are coming to Resorts World.

What Can Visitors Expect From Resorts World?

Recently, Scott Sibella met with executives of Genting at their headquarters in Malaysia. Here, he explained some of the new features coming to this massive gambling venue.

Initially, this gambling venue was going to have a unique Chinese theme. Now, it’s being changed to have a broader, luxury theme with “Asian-inspired touches.” Sibella abandoned themes with panda enclosures or representations of the Great Wall of China.

A 5,000-seat theatre will be constructed to host A-list performers and residencies.

A massive 75,000 square-foot nightclub will also be constructed inside the resort.

Two massive video screens are also being placed on Resorts World’s two towers. The west tower will have one of the largest LED building displays at 100,000 square feet.

“I think we’re in a pretty good position, and the energy of the Strip is moving north,” Sibella told the media. “We’re close to the expanded Las Vegas Convention Center across the street. It’s good to see The Drew is on track. And it’ll be interesting to see what Mr. (Phil) Ruffin does with Circus Circus.”

The Resorts World update we’ve just been giving is extremely exciting. If all goes according to plan, this will become one of the coolest hotels in Las Vegas.

Stay tuned for more Las Vegas casino news over the next few months!

Rules for Gambling Ads on Google Are Loosening

For many years, Google closed off almost all advertisements related to the US gambling industry. Thanks to the legalization of sports betting around the country, this is beginning to change. Gambling ads on Google are now being allowed in some states.Google Logo

It’s a great time to be a gambler in the United States. Today, we’re going to look at which states have sports betting operations up and running. We’ll also talk about Google’s new rules on gambling advertisements. Let’s get started!

Sports Betting Continues to Grow Around the US

Sports betting is growing more popular throughout the country. This wasn’t always the case, though. For a time, only Nevada was legally allowed to offer sports gambling options. Finally, in May of 2018, this all changed. The US Supreme Court officially decided to strike down PASPA.

Doing so gave every state the ability to set laws on the sports betting industry. Almost immediately, states began presenting legislation to legalize and regulate their sports betting markets. New Jersey was the first to do so. Today, NJ’s sports betting market is bigger and more profitable than Las Vegas’.

19 states have now legalized sports gambling. 13 of these states have sportsbooks up and running. The other six are currently working to launch their sports gambling platforms. In time, it’s likely that almost every state in the country will have legalized sports betting.

The world’s biggest search engine hasn’t always embraced the gambling industry. For a long time, Google banned almost all advertisements related to sports betting. Now that states have legalized this form of wagering, however, these rules are beginning to change.

Gambling ads on Google are finally being allowed in the US. It’s a huge development for both gamblers and gambling operators in the country.

Gambling Ads on Google Are Finally Being Allowed

To keep up with the rapidly expanding US sports betting market, Google has just announced that it’s changing its gambling and games policy. According to company officials, sports betting ads will be allowed in states where sports gambling is legal and regulated. As of now, this means that gambling ads on Google will be allowed in Nevada, New Jersey, West Virginia, Indiana, Iowa, Montana, Pennsylvania, and Rhode Island.

Licensed sports betting operators in these states will now be allowed to engage in promotional activities through Google Ads, Google Display Network, Youtube, and more. They will, however, need to ensure that they do not target underage individuals with these ads.

Betting companies will not be able to advertise any other forms of gambling other than sports betting. Google’s official new policy can be seen below.

“Advertisers must provide a copy of their state-issued license in their application to be eligible for the beta,” according to Google policy. “Participants of the beta must not target users outside the state of New Jersey or users who are under 21. Participants must only promote online sports betting, and no other forms of online gambling including, but not limited to, online casino games and daily fantasy sports.”

The ability to advertise on Google is huge for sports betting companies in these states. It will likely help to bring in a significant amount of new gamblers.

Google Also Expands Ad Rules to New Countries

The US isn’t the only country to experience a change in the rules for gambling ads in Google. This week, Google announced that gambling advertising laws were also changing in Colombia, Kenya, and Nigeria. Only licensed companies are allowed to advertise through the search engine, as well.

Of course, this may not have much of an impact in Kenya. The government here has been fiercely cracking down on the country’s gambling industry. The entire sports betting market is shut down here and may never recover.

It’s still great to see Google finally embrace the gambling industry. The ability for companies to advertise online in the US will help this market grow tremendously.

Gambling ads on Google may start appearing all over the US. More states are likely to legalize this form of wagering over the next few months.

Stay tuned for more US gambling news over the next few months!

Iowa Is Doing Pretty Well Thanks to Gambling

Iowa’s treasury has been overflowing thanks to the gambling industry, as it received a lot of cash to fill the coffers in 2018. The Iowa Racing and Gaming Commission (IRGC) published a report recently that shows some really interesting figures, one of them being that the casino industry in the state brought about $1.5 billion to it. This is, by far, the best year for Iowa since 2012. After all the taxes, the share that Iowa’s bank account received was $321.86 million.

What is more interesting at the moment is that the number of people who visit the casinos in Iowa has decreased over the past couple of years. How is it that the revenue from casinos increased, then?

Well, there are a couple of other factors that affected that, and one of the primary factors is that Iowa’s economy has been very stable lately. Up until 2012, everything looked great, but 2013 saw a significant downturn due to the global crisis. People still visited casinos, but the amount of money they were willing to spend on casino games was much lower back then. The economy of Iowa started going up again, and it seems that 2018 was the year the state fully recovered. At the moment, the unemployment rate in Iowa is only 2.5%, which is one of the lowers rates in the entire country. The personal income in the state is up by 5.5% in comparison to 2016.

Iowa has a total of 19 non-tribal casinos, and according to IGRC, the slot revenue from them was $1.31 billion with the final take going to Iowa being $156.80 million. The casino that was definitely the winner in the revenue competition was Horseshoe Council Bluffs venue which is operated by Caesars Entertainment. It offers a total of 1,400 slots and 60 table games which are scattered across a 60,000 sq ft gaming floor. The total amount of tax revenue generated in this casino for the year of 2018 was $37.50 million.

The next casino on the list was Ameristar, which contributed a total of $33.41 million in taxes. Ameristar is actually the only riverboat casino in the state of Iowa, and it offers currently five gaming tables for high-rollers and 51 high-limit slots on the 38,500 sq ft of gaming space.

Iowa actually has a pretty long gambling tradition, and the current state of gambling is as such thanks to the Pari-Mutuel Wagering Act from 1983. Harness racing and greyhounds were introduced only two years after that, and the first riverboat casino was founded back in 1991. Ever since then, the gambling industry in Iowa has been flourishing and thriving. The only time there was a dip was back in 2013, but the state managed to fully recover from that, and the industry is running full speed ahead.

Iowa will also legalize sports betting very soon, it seems. In fact, just a couple of weeks ago, the Governor of Iowa, Kim Reynolds, signed off on the legislation related to sports gambling. Once up and running, this activity could bring approximately $5 to $10 million annually to the state of Iowa. The IRGC will also be the main regulatory body for sports betting and will oversee it along the way. The Commission still has to make a couple of more additions to the rules before sports gambling officially becomes available in Iowa. Iowa will, therefore, become the 11th state to have approved sports gambling. If everything goes well, the residents of Iowa will have an opportunity to place bets on the new NFL season which start in September.