Nevada Market Update
TRIBAL CASINOS
Commercial casinos in Reno and other areas of northern Nevada face competition from tribal casinos in northern California whilst there are four tribal casinos located in Nevada. Only two Nevada tribes operate casinos – the Moapa Band of Paiutes which runs the Moapa Paiute Travel Plaza with 100 slots and the Moapa Tribal Store with seven slots, whilst the Washoe Tribe owns the Wa She Shu Casino and Travel Plaza outside Carson City which opened in 2016. A California tribe, Fort Mojave Indian Tribe runs the Avi Resort and Casino in Laughlin with 750 slots and 18 table games and a 452-room hotel. Tis opened back in 1995. However the playing field changed in 2021
when three Native American tribes entered Las Vegas to operate state-licensed casinos (not on Indian lands). It is thought this entry will create a “pathway”
for more tribes to enter Las Vegas. Te economic impact in Nevada is around $200m and tribal gaming revenue funds are used to fund tribal government operations, general welfare, promote economic development, and donations to charitable organisations. Te tribal operators include: Mohegan Tribe (Connecticut) is the operator of the Mohegan Casino at Virgin Hotels and was the first Native American-operated casino in Las Vegas and is licensed via the Nevada Gaming Control Board. Although the company began in 1996 with a
gaming facility in Connecticut today they operate eight casino properties with five in the US, two in Ontario (Niagara Falls), and one in Incheon in South Korea. Te Las Vegas casino opened in March 2021 via a joint venture with JC Hospitality and is 60,000 sq.ft of gaming with 575 slots and 45 table games. Te hotel has 1,500 rooms plus 21 food and retail outlets. In May last year, the tribe announced its decision to end its casino management role by the end of 2024 and oper-
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ations will transition to Virgin Hotels (part of the Curio Collection by Hilton) under the management of Cliff Atkinson, President of Virgin Hotels Las Vegas. A second out-of-state tribe San Manual Tribe
(California) purchased the Palms Casino Resort in Las Vegas at the end of 2021 from Red Rock Resorts Inc for $650m. Te Palms has more than 700 rooms across two towers whilst the casino houses 1,500 slots and 50 table games. It was closed for a year and reopened in April 2022. Te San Manuel tribe is located near the city of
Highland in California whilst the San Manuel Gaming and Hospitality Authority governs the operations outside of the reservation. Te tribe began its expansion in 2018 with its
flagship Yaamava’ Resort Casino in California, the largest casino resort west of Las Vegas. Tirdly the Seminole Tribe (Florida) which
operates the Hard Rock brand is currently re- branding the Mirage Hotel and Casino which it bought in 2022 as the Hard Rock Las Vegas. Te Mirage closed in July last year after 35
years in operation. Te iconic Guitar Hotel is now currently being constructed and will take three years to renovate and is due to open in spring 2027. It will house 638 guest rooms and suites and will sit on the site of the Mirage volcano. Te Seminole Tribe operates seven other casinos in Florida and acquired the Hard Rock brand in 2007 with Hard Rock Hotel and Casinos in 76 countries.
Te Mirage closed in July last year after 35 years in
operation. Te iconic Guitar Hotel is now currently being constructed and will take three years to renovate and is due to open in spring 2027. It will house 638 guest rooms
and suites and will sit on the site of the Mirage volcano. Te Seminole Tribe operates seven other casinos in Florida and acquired the Hard Rock brand in 2007.
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