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Native Americans Buying Palms for $650 MIL.....

SKIDMARC

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Good for them. I would have thought the palms would have went for more $$ though?
 

Ziggy

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My gay nephew just accepted a job offer from them to run their spa, something he currently does at the Vegas Waldorf Astoria.
 

grumpy88

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My gay nephew just accepted a job offer from them to run their spa, something he currently does at the Vegas Waldorf Astoria.
The gay guy who runs the time share sales next to south point lives at the waldorf . Sharp dresser ! Lol
 

sirbob

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Good for them. I would have thought the palms would have went for more $$ though?
It sold for $312M is 2016.
After they bought it they budgeted 600 mil for the redo (approx 900+ invested) . - all in its a 300 million loss, of course not counting the money they made while it was open. I'm sure it will be a great write off!
 

Singleton

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Good for them. I would have thought the palms would have went for more $$ though?
deal includes all debt as well. Great deal for Red Rock to remove a ton of liabilities off their books.
 

boatpi

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Maybe they could reshape that place now that all the cockroaches are gone that place was 100% ghetto before the pandemic hit.
 
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Ziggy

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The gay guy who runs the time share sales next to south point lives at the waldorf . Sharp dresser ! Lol
They generally are. My wifes nephew is rather flamboyant and has done makeup on some Hollywood elites and run several resort cosmetic/spas from Vegas to Florida. Nice kid actually.
 
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