In 2002, MTV brought “The Real World” to the hotel-casino, making the property famous around the world. The CineVegas film festival that originated at Bally's Las Vegas in 1999 moved to the Palms after it opened and was held annually at the resort until 2009. The Maloof family sold Fiesta Rancho to Station Casinos to help pay for the Palms. The first phase of the hotel-casino cost an estimated $275 million.
The hotel-casino was owned by the Maloof family at that time. Celebrities like Dennis Rodman, Pamela Anderson, April Hilton and Samuel L. The Palms opened its doors for the first time on Nov. RELATED: Red Rock Resorts CEO: Palms, 3 other properties likely to stay closed until customer bases return Station Casinos told investors in February that the Palms would reopen when its tourist base returned.
Unlike most other properties, it did not reopen. The Palms hotel-casino closed during the statewide shutdown last March. PREVIOUS STORY: KAOS Dayclub ad Nightclub at Palms hotel-casino closed However, just 7 months later, it’s mega-million day club and nightclub KAOS closed. They spent $690 million in renovations and held a grand reopening in April 2019. LAS VEGAS (KTNV) - Station Casinos brought the Palms hotel-casino from the Maloof family in 2016 for $312.5 million.
