Owners of Palms Casino Las Vegas
The Palms Casino Resort in Las Vegas is owned by Vici Properties and operated by MGM Resorts International. The casino was originally opened in 1996 by Steve Wynn, who sold it to Mirage Resorts in 2000. In 2007, Mirage Resorts was acquired by MGM Resorts International, which has owned and operated the Palms ever since.
History of the Palms Casino Resort
The Palms Casino Resort was originally conceived by Steve Wynn as a luxury resort that would cater to high-end clientele. The casino opened in 1996 and quickly became one of the most popular destinations in Las Vegas. In 2000, Wynn sold the Palms to Mirage Resorts for $965 million.
Mirage Resorts continued to operate the Palms until 2007, when it was acquired by MGM Resorts International. MGM Resorts has made significant investments in the Palms since acquiring it, including a major renovation in 2016. The casino has continued to be a popular destination for tourists and locals alike.
Amenities at the Palms Casino Resort
The Palms Casino Resort offers a wide variety of amenities, including a casino, a spa, a fitness center, a pool, and a number of restaurants. The casino is one of the largest in Las Vegas, and it offers a wide variety of slots, table games, and poker. The spa offers a variety of treatments, including massages, facials, and body wraps. The fitness center is equipped with state-of-the-art equipment. The pool is a popular spot for relaxing and taking in the sun. The resort also has a number of restaurants, including a steakhouse, a seafood restaurant, and a buffet.
Notable Events at the Palms Casino Resort
The Palms Casino Resort has hosted a number of notable events over the years, including concerts, boxing matches, and award shows. Some of the most notable events include:
- A concert by Prince in 2007
- A boxing match between Floyd Mayweather Jr. and Oscar De La Hoya in 2007
- The Academy of Country Music Awards in 2012
- The Billboard Music Awards in 2017
Future of the Palms Casino Resort
The Palms Casino Resort is currently undergoing a major renovation. The renovation is expected to be completed in 2023. The renovation will include a new casino, a new hotel tower, and a new spa. The resort is also expected to add a number of new restaurants and bars.
The renovation is expected to cost $600 million. The resort is expected to generate $1 billion in revenue per year after the renovation is completed.
Conclusion
The Palms Casino Resort is one of the most popular casinos in Las Vegas. The resort offers a wide variety of amenities, including a casino, a spa, a fitness center, a pool, and a number of restaurants. The resort has also hosted a number of notable events over the years. The Palms is currently undergoing a major renovation, and the resort is expected to generate $1 billion in revenue per year after the renovation is completed.
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