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Seminoles’ $4B Las Vegas Project Follows San Manuel’s Casino Entry

The Seminole Tribe’s $4 billion Hard Rock project will expand tribal gaming’s Las Vegas presence, following California’s Yuhaaviatam of San Manuel Nation’s acquisition of the Palms.
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The Seminole Tribe of Florida is preparing to open a roughly $4 billion Hard Rock resort in Las Vegas in late 2027, expanding a tribal casino presence that includes California’s Yuhaaviatam of San Manuel Nation, owner of the Palms.

According to the Las Vegas Review-Journal, the former Mirage site is being transformed into Hard Rock Hotel & Casino Las Vegas and the adjoining Guitar Hotel Las Vegas.

San Manuel’s Palms established a tribal ownership precedent

The Yuhaaviatam of San Manuel Nation acquired the Palms for $650 million in 2021, becoming the first tribe to own a Las Vegas casino. The property reopened in April 2022 after remaining closed following Nevada’s pandemic-related casino shutdowns.

According to Peter Arceo, the Palms has expanded its slot inventory from 1,275 machines at acquisition to nearly 1,800.

Arceo told the Review-Journal that Hard Rock’s arrival could benefit the wider market.

“We don’t see that as a threat to the Palms, because we think that it’s going to boost the city as a whole,” he said.

Victor Rocha described the Seminoles’ expansion as part of a broader tribal gaming history, while emphasizing that tribes pursue different strategies.

“The tribes are not monolithic,” Rocha told the newspaper. “It’s a different path to success.”

Hard Rock plans nearly 3,600 hotel rooms

The Seminoles’ project will include nearly 3,600 hotel rooms, approximately 175,000 square feet of gaming space, entertainment venues and restaurants. A 660-foot guitar-shaped hotel will rise above the Strip.

The tribe bought Hard Rock International for $965 million in 2007. Hard Rock then purchased the Mirage’s operating business from MGM Resorts International for $1.075 billion in 2022. VICI Properties owns the underlying real estate.

Seminole Chairman Marcellus Osceola Jr. linked the project to the tribe’s long-term stability and programs supported by gaming revenue.

“It means a great deal to me because it’s supporting the efforts back home,” Osceola told the Review-Journal.

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Source: As reported by Las Vegas Review-Journal.

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