Who Owns the Palms Casino?
The Palms Casino Resort is a luxury casino and hotel located in Las Vegas, Nevada. It is owned by Vici Properties and operated by Palms Gaming LLC.
History of the Palms Casino
The Palms Casino was originally opened in 1993 as the Las Vegas Hilton. It was purchased by George Maloof in 2000 and renamed the Palms Casino Resort. The casino underwent a major renovation in 2007, which included the addition of a new hotel tower, a spa, and a number of new restaurants and bars.
In 2016, the Palms Casino was sold to Station Casinos for $310 million. However, Station Casinos filed for bankruptcy in 2017 and the Palms Casino was sold to Vici Properties for $225 million.
Current Ownership of the Palms Casino
The Palms Casino is currently owned by Vici Properties and operated by Palms Gaming LLC. Vici Properties is a real estate investment trust that owns a portfolio of gaming and entertainment properties. Palms Gaming LLC is a subsidiary of Station Casinos that operates the Palms Casino Resort.
Ownership of the Palms Casino: FAQs
- Who owns the Palms Casino?
The Palms Casino is owned by Vici Properties and operated by Palms Gaming LLC.
- How much did the Palms Casino sell for?
The Palms Casino was sold to Vici Properties for $225 million.
- Who was the previous owner of the Palms Casino?
The Palms Casino was previously owned by Station Casinos.
- What is the current status of the Palms Casino?
The Palms Casino is currently open and operating.
References
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