![]() ![]() “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,” Marc Falcone, executive vice president, chief financial officer and treasurer of Red Rock Resorts, said in a statement issued late Tuesday. Reports of a sale swirled through the industry Monday, but the deal wasn’t completed until Tuesday. ![]() has escalated the battle for Las Vegas locals casino dominance by acquiring the Palms for $312.5 million.Ĭompany officials didn’t take questions after the announcement, but will discuss the deal in detail during its earnings conference call today. Station Casinos parent company Red Rock Resorts Inc.
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