Palms Casino Owners: The Maloof Family

Palms Casino Owners: The Maloof Family

The Palms Casino Resort is a luxury hotel and casino located in Las Vegas, Nevada. It is owned by the Maloof family, who have a long history in the gaming industry.

The Maloof Family

The Maloof family is a prominent American family that has been involved in the gaming industry for over a century. The family’s patriarch, George Maloof Sr., founded Maloof Companies in 1949. The company has since grown to become one of the largest gaming and hospitality companies in the world.

The Maloof family currently owns and operates several casinos and resorts, including the Palms Casino Resort in Las Vegas, the Palms Casino Resort in Biloxi, Mississippi, and the Palms Casino Resort in Palm Springs, California. The family also owns the Sacramento Kings of the National Basketball Association (NBA).

The Palms Casino Resort

The Palms Casino Resort is a AAA Five Diamond resort located on the Las Vegas Strip. The resort features a casino, a spa, a golf course, and a number of restaurants and bars. The resort is also home to the Palms Pool, which is one of the largest pools in Las Vegas.

The Palms Casino Resort is owned by the Maloof family and is operated by Station Casinos. The resort opened in 2001 and has since become one of the most popular casinos in Las Vegas.

The Maloof Family’s Legacy

The Maloof family has a long and storied history in the gaming industry. The family has built a successful business empire and has made a significant contribution to the Las Vegas community. The Maloof family’s legacy is one of innovation, success, and philanthropy.

Palms Casino Resort History

The Palms Casino Resort has a long and storied history. The resort opened in 2001 and quickly became one of the most popular casinos in Las Vegas. The resort has undergone several renovations and expansions over the years, and it continues to be one of the most luxurious and exciting casinos in the world.

The Maloof Family’s Acquisition of the Palms Casino Resort

In 2007, the Maloof family purchased the Palms Casino Resort from Harrah’s Entertainment for $1.7 billion. The purchase was a major coup for the Maloof family, as it gave them control of one of the most iconic casinos in Las Vegas.

The Palms Casino Resort’s Renovations and Expansions

Since the Maloof family purchased the Palms Casino Resort, the resort has undergone several renovations and expansions. In 2008, the resort added a new spa and a new pool complex. In 2010, the resort added a new casino floor and a new nightclub. In 2012, the resort added a new hotel tower.

The Palms Casino Resort Today

Today, the Palms Casino Resort is one of the most luxurious and exciting casinos in the world. The resort features a casino, a spa, a golf course, a number of restaurants and bars, and a world-class pool complex. The resort is also home to the Palms Pool, which is one of the largest pools in Las Vegas.

The Maloof Family’s Philanthropy

The Maloof family is committed to philanthropy. The family has donated millions of dollars to charities and organizations in Las Vegas and around the world. The family has also established a number of foundations to support education, healthcare, and other causes.