Palms Casino Resort Informations

Palms Casino Resort is a hotel and casino located near the Las Vegas Strip in Paradise, Nevada. It has 703 rooms and suites and contains 94,840 sq ft (8,811 m2) casino, recording studio, Michelin-starred restaurant and 2,500-seat concert theater.

The Fantasy Tower is also home to several nightlife venues including Moon Nightclub and The View. The tower holds what are known as the Sky Villas and Fantasy Suites, which are some of the most expensive hotel suites in the world. The two story Sky Villa on the top floor, billed at US$40,000 per night, is listed at number 5 on the World's 15 Most Expensive Hotel Suites compiled by CNN Go in March 2012.

The Palms project was first developed by the Maloof family in July 1999, during the Fiesta hotel-casino expansion. The casino resort broke ground in July 2000. The project was officially announced by George Maloof on October 24, 2000. Construction was completed on September 26, 2001.

The Palms opened on November 15, 2001, to a massive crowd of people. Multiple celebrities attended the grand opening, such as Dennis Rodman, Pamela Anderson, Paris Hilton and Samuel L. Jackson.

In 2002, it was the resort where participants of MTV's The Real World: Las Vegas stayed. The level they rebuilt to accommodate MTV is now the "Real World Suite" billed at $10,000 per night.

On October 27, 2005, the second tower, named the "Fantasy Tower", opened at a cost of $600 million. In keeping with George Maloof's basketball interest (the Maloofs were majority owners of the NBA's Sacramento Kings), the Fantasy Tower includes a two-story, 10,000 sq ft (930 m2) suite that includes the only basketball court in a hotel suite. The suite includes a locker room, scoreboard, and multi-screen entertainment system. Some of the other fantasy rooms include the G suite, the Barbie suite and the King Pin suite.

The Palms hit financial trouble in 2010, when it started missing loan payments. Under an agreement reached with creditors TPG Capital and Leonard Green and Partners, they each received a 49% stake in the property in November 2011, in exchange for erasing about $400 million in debt. The Maloof family retains a 2% share, with options to buy back up to 20%, and George Maloof continues to manage the property.

In May 2016, Station Casinos agreed to purchase the Palms for $313 million. The company subsequently began a $620 million renovation, and renovated portions of the resort began opening in May 2018. The three-phase renovation project was expected to be finished in late 2019.

On April 28, 2018, employees voted in favor to unionize the property by 84% as these vote margins are no longer disclosed to the public. It was organized by the Bartenders Union and the Culinary Workers Union and supervised by the National Labor Relations Board (NLRB). It is the fifth Station Casinos property to be unionized.

Rain Nightclub, at the Palms Casino Resort, opened in the 2001 by the N9NE Group. The club is or has been known as Rain Las Vegas and Rain in the Desert. Those seen at Rain include Jerry Bruckheimer,Nicky Hilton and David Katzenberg. Rain was the first club to introduce Vegas sky boxes, cabanas and water booths.

In 2011 Britney Spears delivered a performance as part of her MTV Special inside the club in celebration of her album release.

Rain has hosted many top DJs including in 2010, after a 10-year hiatus from the US, Paul Oakenfold.DJ AM was the host in 2009 until his death.

Following the 2009 National Hockey League's annual award ceremony, a party was hosted at Rain.

The club was featured in an episode of The Real World: Las Vegas.

The Pearl Concert Theater (often referred to as the Pearl Theater) is a three-level concert venue located within the Palms Resort. The theater currently seats 2,263 but can be expanded up to 2,549 in a general admission configuration.

It was opened in March 2007 with a performance by Evanescence. However, the official grand opening took place April 21, 2007, with a concert by Gwen Stefani.

In 2017, the venue underwent a four month renovation project to improve the acoustics of the theater and a redesign of the lobby area.

The Palms includes a recording studio that has been used by many artists, including Jay-Z, Olivia Newton-John, Céline Dion, Beyoncé, Madonna, Lady Gaga, Britney Spears, Ellie Goulding, Katy Perry, Carlos Santana, T-Pain, Imagine Dragons, Panic! at the Disco, The Killers, Dr. Dre, Eminem, 50 Cent, Maroon 5, Mariah Carey, Joe Bonamassa and Wayne Newton.

Maloof announced a third tower called Palms Place, a residential high-rise built on the west end of the Palms property. The design architect was Jerde Partnership Construction. Residents were allowed to move in on February 29, 2008, with the grand opening on May 31, 2008. In June 2014, Phil Maloof listed his top-floor penthouse at Palms Place for US$38 million, making the residence one of the most expensive apartments in Las Vegas.

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