REPORT: MALOOFS WILL OWN JUST 2 % OF PALMS
June 20, 2011 - 9:00 am
The Maloof family will soon own just 2 percent of the Palms Casino, its trendy Las Vegas property, according to regulatory documents filed in Nevada.
In an interview late Thursday, Maloof said the family could regain a more significant share – up to 20 percent – under buyback options granted by the creditors who are taking control.