Maloof Palms Casino Ownership

LAS VEGAS (KTNV) — The Palms Casino Resort is mourning the loss of 'Uncle' Phil, the resort says, in response to reports of the death of Phil Maloof.

Maloof Palms Casino Ownership Properties

In an email to 13 Action News, a Palms spokesperson wrote:

He said the family's many enterprises — including ownership of the NBA's Sacramento Kings, the Palms Casino and Resort in Las Vegas, Nev., the Maloof Money Cup skateboarding championship,. Adrienne Maloof (born September 4, 1961) is an American businesswoman, socialite, television personality, shoe designer, and co-owner of the various business holdings of Maloof Companies, which include a stake in the Sacramento Kings , the Vegas Golden Knights , The Palms Casino Resort in Las Vegas, Nevada; Maloof Productions, Maloof Music and the retired Maloof. The Palms Casino-Hotel is now owned by two hedge funds, Leonard Green & Partners LP and TPG Capital. Or at least, they own most of the property. George Maloof still owns a small percentage but the. Palms Place sits right next door to the Palms Casino Resort, which was opened in 2001 by the Maloof family. Amenities include valet, concierge services, a Turkish-style hammam and a 50,000-square. George Maloof is the member of the Maloof family that owns the hotel. The Forbes article of October 6, 2003 states that the family is worth more than $1 billion. Palms Place, the new condo tower.

The Palms family sends our deepest condolences to the Maloof Family in mourning the loss of their beloved 'Uncle' Phil. He holds a special place in the property's history and he will be remembered fondly by our community.

Palms Casino Ownership

According to the biography on his website, Maloof is described as a 'man of sentiment and of simple pleasures.'

Maloof Palms Casino Ownership Information

The Maloof family has previously owned casinos in Las Vegas such as The Fiesta and The Palms, as well as sports teams like NBA's Sacramento Kings.