Palms Casino Resort sold for $312.5M
Red Rock Resorts, Inc. has announced that Station Casinos has entered into a definitive agreement to acquire the Palms Casino Resort in Las Vegas for total cash consideration of $312.5 million.“With the acquisition of the Palms we gain a leading gaming asset in Las Vegas with key strategic benefits in the Las Vegas locals market and close proximity to the Las Vegas Strip,” said Marc Falcone, Executive Vice President, Chief Financial Officer and Treasurer of Red Rock Resorts.
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