The Palm Las Vegas unveils three-course New Year's Eve menu

The Palm Casino Resort Las Vegas will usher in 2018 with a three-course, prix-fixe menu, offered from 29-31 December, featuring The Palm's classic Surf 'n' Turf dinner for two, available for $195 per couple, with an upgrade option to toast with two glasses of Taittinger Brut La Française Champagne for an additional $25 per couple. Those in the mood for other Palm steakhouse classics can choose from the restaurant's a la carte menu, which will also be available that evening.

Reade more >>

Red Rock Resorts announces agreement to acquire Palms Casino Resort

Red Rock Resorts today announced that Station Casinos LLC has entered into a definitive agreement to acquire the Palms Casino Resort in Las Vegas, Nevada for total cash consideration of $312.5 million.

"With the acquisition of the Palms we gain a leading gaming asset in Las Vegas with key strategic benefits in the Las Vegas locals market and close proximity to the Las Vegas Strip," said Marc Falcone, Executive Vice President, Chief Financial Officer and Treasurer of Red Rock Resorts. "With its appeal to both Las Vegas residents and tourists alike, the Palms is a hybrid gaming property that is uniquely positioned to benefit from the strong economic trends in Southern Nevada and record visitation levels in Las Vegas. With our experience owning and operating other hybrid offerings in Las Vegas, it is a compelling strategic addition to our portfolio of properties and we look forward to welcoming the Palms’ team members to our company."

"We are very proud of our team members for their hard work, dedication and commitment to guest service and the community," said Palms Chief Executive Officer Todd Greenberg. "We are extremely excited for all the great opportunities our team members will have with Red Rock Resorts and Station Casinos."

Factoring in anticipated synergies, the Company estimates that the Palms will generate $35 million in EBITDA during the Company’s first full year of ownership, resulting in an implied multiple of 8.8 times EBITDA for the transaction. The Company expects the acquisition to be accretive to earnings per share and free cash flow positive in first full year of operations.

Located directly across I-15 from the core of the Las Vegas Strip, Palms features a 95,000-square-foot casino with approximately 1,250 slots and 48 table games, a race and sportsbook, approximately 710 hotel rooms across two towers with 85 suites and 19 penthouses, 599 AAA Four Diamond award-winning condos, 15 fine dining and casual restaurants (including the award-winning N9NE Steakhouse and Nova Italiano), 60,000 square-feet of meeting and convention space, Ghostbar Nightclub, the 2,500 seat Pearl Theater, luxury spa, two acre Palms Pool and year-round Palms Place Pool, and a 14 screen Brenden Theatres & IMAX movieplex.

The transaction is expected to close during the third quarter of 2016, subject to the satisfaction of customary closing conditions, including the receipt of all required gaming approvals and the expiration of the waiting period under the Hart-Scott-Rodino Act.

Milbank, Tweed, Hadley & McCloy LLP served as legal advisor to Red Rock Resorts, Inc. for the transaction. Macquarie Capital served as financial advisor and Willkie Farr & Gallagher LLP served as legal advisor to FP Holdings L.P. dba Palms Casino Resort.

Reade more >>

I migliori casinò di Las Vegas

1. RAIN IN THE DESERT (Palms Casino Resort)
La fantasia incontra la realtà in questo splendido night club, un parco giochi per adulti di 2.600m2. Delle enormi sfere di fuoco di 4 metri di diametro illuminano la pista da ballo rialzata, in cui corpi indistinti si scatenano al ritmo della musica coinvolgente sotto le fontane coreografiche.

2. LAX (Luxor)
Il club LAX, che ha sortituito il RA, arriva al Luxor Hotel e Casinò di Las Vegas con i suoi 2.600m2 di estensione e la sua promessa di un’esperienza assolutamente unica. Dagli stessi creatori che ci hanno portato l’incredibile Pure Nightclub (il Pure Management Group) arriva un altro club assolutamente esclusivo e fantastico, tanto da aver attratto investitori importanti come le celebrità Christina Aguilera e DJ AM.

3. DRAI’S (Bill’s Gambling Saloon)
Un ristorante che offre prelibatezze esclusive di giorno, e uno dei club che offrono il divertimento notturno più in dagli interi Stati Uniti di notte. Il Drai’s si trasforma nel paradiso degli amanti della notte ogni sera dal mercoledì alla domenica, in cui chi ha più soldi la fa da padrone. Aspettatevi di vedere file infinite per un’opportunità di scendere nel club sotterraneo, la parte più esclusiva dell’intero locale. Se andate al Drai’s portatevi un bel po’ di contanti, a cominciare dalla lauta mancia che dovrete allungare al buttafuori all’ingresso, senza la quale potete scordarvi di entrare.

4. COYOTE UGLY (New York New York)
Un bar in cui si balla in pieno stile del sud, con bariste dalla bellezza prorompente che hanno trasformato il versare alcolici nei bicchieri in una forma d’arte. E nel corso della serata queste talentuose bellezze si esibiranno anche in numeri di ballo e canto sul bancone del bar, saltando e piroettando tra un cocktail e l’altro, proprio come nel film con lo stesso nome.

Reade more >>