Palms Casinos Resort Sold for $650 Million

Palms Casinos Resort Sold for $650 Million



Red Rock Resorts, Inc. (NASDAQ: RRR) today announced a definitive agreement between its subsidiary Station Casinos LLC and a subsidiary of the San Manuel Band of Mission Indians to sell the Palms Casinos Resort.



Red Rock Resorts;

Red Rock Resorts, Inc. (NASDAQ: RRR)  today announced a definitive agreement between its subsidiary Station Casinos LLC and a subsidiary of the San Manuel Band of Mission Indians to sell the Palms Casinos Resort for $650 million in cash, subject to customary adjustments. 

The transaction is subject to regulatory approvals and other customary closing conditions. 

Milbank LLP represented Red Rock and Deutsche Bank Securities Inc. is acting as financial advisor to Red Rock on the transaction.  Latham & Watkins LLP represented San Manuel and Jefferies LLC is acting as financial advisor to San Manuel on the transaction. 

Logos, product and company names mentioned are the property of their respective owners.

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