It’s official–The Palms Casino and Resort in Las Vegas is no longer owned by the Maloofs, as of last month. Now, they own just two percent of the property, with the possibility of gaining back up to 20 percent in the future. TPG Capital and Leonard Green & Partners assume ownership at 49 percent apiece. The Maloofs spent half a billion dollars building the casino from scratch, and were $380 million in debt for the Palms, with a $69 million line of credit with the city of Sacramento for their operations of the NBA’s Sacramento Kings.
Vegas is all about the new and exciting experience, and nothing quite defines that Las Vegas experience like The Playboy Club. Vegas gaming and nightlife come together in one wild atmosphere, hosted by The Palms. Nine blackjack tables and one roulette table are there for your enjoyment, and we even heard there may be some bunnies there…doors open at 9pm daily. Check out our page on The Playboy Club and The Palms’ Site for more!