Red Rock is letting the resort go to the San Manuel Band of Mission Indians for less than what it had invested in the property. That was a definite sign that trouble was ahead and now, with the casino having sat empty and locked for a year, the Palms Casino Resort is being sold in what could be considered a fire sale. However, Red Rock Resorts, the parent company of Station Casinos, kept four properties closed. When Las Vegas started crawling back to life last summer, it would have been expected that casino operators would want all of their venues operational to make up for lost time.
