Palms Casino Las Vegas Owners
Who Owns the Palms Casino Las Vegas?
The Palms Casino Las Vegas is owned by a group of investors led by Red Rock Resorts. The company acquired the casino in 2016 for $310 million.
History of the Palms Casino Las Vegas
The Palms Casino Las Vegas was originally opened in 1996 by Steve Wynn. The casino was a major success, and it quickly became one of the most popular casinos in Las Vegas. However, in 2007, Wynn sold the casino to a group of investors led by George Maloof.
The Maloofs invested heavily in the casino, and they made a number of changes to the property. However, the casino continued to struggle financially. In 2016, the Maloofs sold the casino to Red Rock Resorts.
Current Status of the Palms Casino Las Vegas
The Palms Casino Las Vegas is currently undergoing a major renovation. The casino is expected to reopen in 2023. The renovation is expected to cost $600 million.
Future of the Palms Casino Las Vegas
The Palms Casino Las Vegas is expected to be a major player in the Las Vegas casino market. The casino is located in a prime location, and it is expected to attract a large number of visitors. The renovation is also expected to make the casino more competitive with other casinos in Las Vegas.
Conclusion
The Palms Casino Las Vegas is a major casino in Las Vegas. The casino has a long and storied history, and it is currently undergoing a major renovation. The casino is expected to be a major player in the Las Vegas casino market in the future.
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