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The Chip Board Archive 21

Palms Casino - ownership news

Click on link for news report about Palms Casino. Two private equity firms that own some Palms' debt are reportedly working to obtain partial (?) ownership with current Maloof family owners.

Similar to the way that M Resort was acquired by its new owners.

(FYI, the Leonard Green mentioned in the news report is a private equity company, not a person ... though named for its now-deceased founder.)

Stay tuned. This deal may or may not happen. But if it does, I hope they have the sense to not foul up what makes the Palms distinctive from a lot of the other corporate-flavored properties.

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