GEORGE, GAVIN AND JOE MALOOF
There have been rumors of the NBA’s Sacramento Kings moving to Las Vegas for years. The Maloof family has strong roots in Vegas and own multiple casinos in Sin City including The Palms.
Now there are various reports that move may finally happen. However, the Maloofs may be out. The Palms is having serious financial problems. They are ripe for a takeover after missing a $400 million payment to the bank. Caesars Palace is looking to take over The Palms. Caesars also owns the land where a proposed new $488 million arena would be built.