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January 7, 2011

Maloofs May Be Selling The Palms

This is crazy – I was just at The Palms last night hanging out with our friends from Klout at their CES2011 KloutUP (a great time by the way…). While there my wife and we were talking about how cool it was that, since we live in Sacramento we could also come out to Vegas and enjoy some Maloof Entertainment. The Maloofs own the Sacramento Kings too – if you didn’t draw that conclusion.

Well, to my surprise it appears that the Maloof family is selling a controlling share of The Palms Casino Resort.

Bloomberg News has reported, based on anonymous sources, that Leonard Green & Partners LP in Los Angeles and TPG Capital in Texas are mulling buying [...]

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