We hear reliably and exclusively the off-Strip Palms Casino Resort has been sold.

The Palms Casino Resort promo codes currently available end when Palms Casino Resort set the coupon expiration date. However, some Palms Casino Resort deals don't have a definite end date, so it's possible the promo code will be active until Palms Casino Resort runs out of inventory for the promotional item. Get Palms Casino Resort coupons. California Tribe Is Purchasing the Palms Casino Resort in Las Vegas for $650m. The San Manuel Band of Mission Indians is buying the property from Red Rock Resorts. The deal needs approval from the Nevada Gaming Commission and is set to close by year-end. Station Casinos bought the Palms in 2016 for $312.5m and made $690m in renovations. Leonard Green, which manages about $9 billion in equity capital, unsuccessfully sought control of the M Resort Spa Casino, a 390-room resort located 10 miles off the Strip, losing out in October. Apr 26, 2021 Palms never reopened after Las Vegas casinos were shut down on March 18, 2020 due to the COVID-19 crisis. Palms was in trouble even prior to the pandemic. The resort’s owner, Red Rock Resorts (Station Casinos), sunk an ungodly amount of money into a renovation ($690 million), then its Kaos nightclub and dayclub imploded right before our eyes.

Yes, we know to whom, and no, we can’t say yet. Half a scoop is still a scoop, so make the best of it.

All we can share is the buyer isn’t currently in the Las Vegas market. Also, it’s not a REIT or private equity fund, a welcome relief.

What a strange and wonderful journey for Palms. A new fork in the road is just ahead. No, that’s not a clue about who the buyer is, it’s just a lame analogy. Or possibly metaphor.

Palms never reopened after Las Vegas casinos were shut down on March 18, 2020 due to the COVID-19 crisis.

Palms was in trouble even prior to the pandemic.

The resort’s owner, Red Rock Resorts (Station Casinos), sunk an ungodly amount of money into a renovation ($690 million), then its Kaos nightclub and dayclub imploded right before our eyes, resulting in millions in losses.

Palms was purchased for $312.5 million in 2016.

Mid-2020, Red Rock Resorts CEO Frank Fertitta went public in an attempt to “squash” our rumors about Palms being for sale. We don’t squash easily, so we responded as we occasionally do.

Finally, an official announcement of the sale of Palms resort is close at hand.

No financial details of the sale are available yet, but we’d expect the sale price to be between $800-900 million. Red Rock Resorts was motivated to relinquish Palms, but it’s not a fire sale.

The new owner will reap the benefits of all the Palms improvements, without the burden of misguided decisions about nightlife and restaurants. We trust you weren’t emotionally attached to places like Bobby Flay’s Shark restaurant, as those partnerships aren’t likely to survive the transition.

Still, under new ownership and management, Palms’ best days could still be ahead.

Our usual disclaimer applies: This is an unconfirmed rumor. Things change and not all rumors pan out. Often, they do.

More news soon!

Update (5/4/21): The sale of Palms to San Manuel has been confirmed. The sale price is $650 million. The transaction is expected to close by the end of 2021. Translation: Boom.

UFC boss Dana White is worth a serious chunk of change. The 51-year-old maverick has done very well financially over the years through his association with the world's leading MMA promotion.

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In fact, if it were not for White, it is unlikely that the organisation would even exist today. Together with childhood friend Lorenzo Fertitta (and his brother, Frank Fertitta), the trio transformed the UFC from a company on the brink of bankruptcy into a worldwide phenomenon.

Selling a majority share in the UFC to WME for $4 billion in 2016, White and his business partners cashed in on their more than 15 years of hard work.

While the Fertittas departed the company after the sale, though, White remained the president of the company - at the insistence of the new owners.

White reportedly earned $360 million as a result of the takeover - and also negotiated a 9% share of future profits made by the organisation.

In addition to these sums, he also receives an annual salary believed to be worth eight figures.

Palms Resort Casino

His purchase of a failing UFC brand in 2001 was, undoubtedly, a gamble. However, it was one that paid off in huge style. White, though, doesn't just limit his risk-taking to the boardroom.

Over the years, he has spoken openly about his fondness for the casinos in his adopted hometown of Las Vegas.

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With an estimated net worth of around half a billion dollars, White can afford to have some fun at the tables. However, he takes his activity on the casino floor very seriously, once publically referring to himself as a degenerate gambler.

One Las Vegas property, in particular, has seen plenty of business from White in the past, leading to an up-and-down relationship with MMA's most powerful man.

The Palms Resort and Casino once grew so concerned with one of White's winning streaks at the blackjack table that they actually sent him a UFC-style championship belt to congratulate him, together with a note asking him not to return.

White showed off the belt, which is engraved with the words 'Palms undisputed blackjack champion: Dana White - $1.6 million prize money,' during a tour of his office.

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Speaking about his ban, White revealed the reasons behind it:

'I had beat them for $1.6 million,' he said, per talkSPORT. 'Then as soon as the Palms sold, the people who came in asked me to stop playing there.

'Listen, Vegas is all about losing, not winning, man. They don't like people who f****** win! Texas poker for real money.

'Then it sold again, the new ownership said we want you to come back and I beat them for $1.6 million again. Instead of just asking me to leave the way that they [the previous owners] did, they gave me this [the championship belt].

'Undisputed Blackjack champion. 24-0. This is a cool way to say get the f*** out of our casino and don't come back,' declared White.

UFC commentator Joe Rogan has previously suggested that White might have won as much as $7 billion at various locations around Las Vegas. With that said, White himself has also been open about his losses in the past as well.

In an interview with ESPN, he revealed that he had squandered a seven-figure sum on the outcome of a boxing match in February 2008.

'Oh my god. What was the kid's name? Jermain Taylor. And who did he fight? I know this for the ass-whooping I took. He fought the tall, lanky, white kid from Ohio, Kelly Pavlik.

'I bet $1 million on Taylor and

Palms Casino Resort Losing Money