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Interesting Vegas news!
Posted: Thu May 06, 2021 1:38 am
by SIDEWINDER
The Palms Hotel Casino has been sold to a CA. Indian Tribe who operates a Casino in S. CA. Hmm, does that make it sovereign land meaning they will not have to operate by Nevada gaming regulations?
https://www.msn.com/en-us/money/compani ... uxbndlbing
Also Wynn and Encore are now approved to operate at 100% capacity due to reaching 88% of employees vaccinated.[/size]
https://abcnews.go.com/US/viva-las-vega ... d=77483425
Re: Interesting Vegas news!
Posted: Thu May 06, 2021 2:25 am
by Wildfire
No Sidewinder! Just because a native American buys a business does not make it tribal land !!!
The San Manuel Band of Mission Indians will have to comply with the Nevada laws on casinos.
Re: Interesting Vegas news!
Posted: Thu May 06, 2021 3:22 am
by JimDiGriz
This really interested me:
"The San Manuel Band of Mission Indians agreed to buy the Palms Casino Resort in Las Vegas from Red Rock Resorts Inc. for $650 million, the biggest purchase by a Native-Indian tribe in the U.S. gambling capital."
and
"Indian gaming has become a huge business in the U.S., reaching nearly $35 billion in 2019"
I've heard of how Indian reservations are impoverished, but apparently it's not uniform because some members are wealthy.
Re: Interesting Vegas news!
Posted: Thu May 06, 2021 3:31 am
by SIDEWINDER
Wildfire link wrote:
No Sidewinder! Just because a native American buys a business does not make it tribal land !!!
The San Manuel Band of Mission Indians will have to comply with the Nevada laws on casinos.
Well, as Barney Rubble would say---Gee, I don't know about that Fred.
Here's some interesting reading concerning Indian casinos. I'm going to have to see if I can find information but my understanding is if it was Indian owned land, it then became reservation land.
https://www.casino.org/blog/10-things-y ... ly%20armed.
Re: Interesting Vegas news!
Posted: Thu May 06, 2021 5:18 am
by georoc01
JimDiGriz link wrote:
This really interested me:
"The San Manuel Band of Mission Indians agreed to buy the Palms Casino Resort in Las Vegas from Red Rock Resorts Inc. for $650 million, the biggest purchase by a Native-Indian tribe in the U.S. gambling capital."
and
"Indian gaming has become a huge business in the U.S., reaching nearly $35 billion in 2019"
I've heard of how Indian reservations are impoverished, but apparently it's not uniform because some members are wealthy.
Most reservations are impoverished. I think the richest one, Foxwoods, is owned primarily by a single family(Pequots) in Connecticut. At tribe with like 14 members.
Another one that's fairly wealthy is the Southern Utes due to their oil reserves. They created their own oil company and operate it themselves, creating jobs and wealth for their tribe. Other tribes that lease out their minerals haven't been nearly as sucessful.