Palms Casino Resort

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Palms Casino Resort
PalmsCasinoLogo.jpeg
Palms Casino Resort.jpg
Address4321 Flamingo Road
Las Vegas, Nevada 89103
Opening dateNovember 15, 2001
No. of rooms702
Total gaming space95,000 sq ft (8,800 m2)
Notable restaurantsN9NE
Alizé
Nove
Heraea
Simon Restaurant Lounge
Casino typeLand-Based
Owner
Years renovated
  • 2005 (Fantasy Tower)
  • 2008 (Palms Place Tower)
WebsitePalms Casino Resort
 
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Palms Casino Resort
PalmsCasinoLogo.jpeg
Palms Casino Resort.jpg
Address4321 Flamingo Road
Las Vegas, Nevada 89103
Opening dateNovember 15, 2001
No. of rooms702
Total gaming space95,000 sq ft (8,800 m2)
Notable restaurantsN9NE
Alizé
Nove
Heraea
Simon Restaurant Lounge
Casino typeLand-Based
Owner
Years renovated
  • 2005 (Fantasy Tower)
  • 2008 (Palms Place Tower)
WebsitePalms Casino Resort

The Palms Casino Resort is a casino hotel and residential tower located near the Las Vegas Strip in Paradise, Nevada. The Palms Casino Resort has 653 rooms and suites and contains a 95,000 sq ft (8,800 m2) casino, recording studio, Michelin-starred restaurant, and 2,500-seat concert theater.

Although it is located off the Strip, the resort has become a popular destination for many, especially younger people[who?], Hollywood actors, and celebrities. The Palms competes for market share with Hard Rock Hotel & Casino, another off-strip resort aimed toward the 21–39 demographic. Both resorts are styled in a modern, neo-retro fashion.

The Fantasy Tower is also home to several nightlife venues including Moon Nightclub and Rain Nightclub. The tower holds what are known as the Sky Villas and Fantasy Suites, which are some of the most expensive hotel suites in the world. The Two Story Sky Villa on the top floor, billed at US$35,487 per night, is listed at number 5 on the World's 15 Most Expensive Hotel Suites compiled by CNN Go in March 2012.[1] The Sky Villas have played host to numerous celebrities.

History[edit]

The Palms project was first developed by the Maloof family in July 1999,[2] during the Fiesta Casino expansion. The casino resort broke ground in July 2000. The project was officially announced by George Maloof on October 24, 2000. Construction was completed on September 26, 2001.[3]

The Palms opened on November 15, 2001, to a massive crowd of people. Multiple celebrities attended the grand opening, such as Dennis Rodman, Pamela Anderson, Paris Hilton, and Samuel L. Jackson.

In 2002, it was the resort where participants of MTV's The Real World: Las Vegas stayed. The level they rebuilt to accommodate MTV is now the "Real World Suite".[4][5][5][6]

On October 27, 2005, the second tower, named the "Fantasy Tower", opened at a cost of $600 million. In keeping with George Maloof's basketball interest (the Maloofs were majority owners of the NBA's Sacramento Kings), the Fantasy Tower includes a two-story, 10,000 sq ft (930 m2) suite that includes the only basketball court in a hotel suite. The suite includes a locker room, scoreboard, and multi-screen entertainment system. Some of the other fantasy rooms include the G suite, the Barbie suite, and the King Pin suite.

The Palms hit financial trouble in 2010, when it started missing loan payments.[7] Under an agreement reached with creditors TPG Capital and Leonard Green & Partners, they each received a 49% stake in the property in November 2011, in exchange for erasing about $400 million in debt.[7][8] The Maloof family retains a 2% share, with options to buy back up to 20%, and George Maloof continues to manage the property.[8]

Acts[edit]

Events[edit]

Nightclubs & Lounges[edit]

Pearl Concert Theater[edit]

The Pearl Concert Theater is a 3 level concert venue, located within the Palms Resort. Depending on the configuration the venue can seat between 1,000 and 2,500 people.[9]

Performances[edit]

Studio at the Palms[edit]

The Palms includes a recording studio that has been used by many artists including, but not limited to – JAY Z, Beyoncé Knowles, Madonna, Lady Gaga, Katy Perry, Carlos Santana, T-Pain, Imagine Dragons, Panic at the Disco, The Killers, Dr. Dre, Eminem, 50 Cent, Maroon 5, Joe Bonamassa, and Wayne Newton.

Palms Place[edit]

Palms Place tower

Maloof announced a third tower called Palms Place, a residential high-rise built on the west end of the Palms property. The design architect was Jerde Partnership Construction and this third and final tower has been completed. Residents were allowed to move in on February 29, 2008. On May 31, 2008, the grand opening night took place that marked the latest addition to the Palms, as Palms Place is a multi-million dollar, 58-story hotel, condominium, and spa tower that provides 599 suites.[10]

Notes[edit]

External links[edit]

Coordinates: 36°6′52″N 115°11′42″W / 36.11444°N 115.19500°W / 36.11444; -115.19500