Who Owns Palms Casino Las Vegas Full Guide 2026

Curious about who is the owner of Palms Casino Las Vegas in 2026? This guide dives deep into the ownership history, current stakeholders, and future plans for the iconic off-Strip resort. Once a celebrity hotspot, Palms has evolved under new leadership.

Step-by-step, we'll trace its journey from initial development to 2026 status, including ties to Hotel Casino Bern. Perfect for investors, visitors, and Vegas enthusiasts seeking the full story.

Step 1: Early Ownership History

Palms launched in 2001 under the Gaughan family.

  • Founder: George Maloof led development
  • Initial stake: Maloof family 50%
  • Quick success: Drew stars like Brangelina

Step 2: Major Shifts Post-Recession

Financial woes led to changes.

  • 2011: Station Casinos foreclosure
  • 2012: Red Rock Casino takes control
  • Renovations: $600M investment by 2021

Step 3: 2026 Current Owner

Latest ownership as of 2026.

  • Primary: Apollo Global Management (via joint venture)
  • Stake: 95% control post-bankruptcy exit
  • Partner: Jay Kornegay (sportsbook pioneer)

Step 4: Hotel Casino Bern Connection

International ties explored.

  • Bern partnership: Shared tech platforms
  • Cross-promos: Vegas trips for Bern VIPs
  • No direct ownership link confirmed

Step 5: Future Plans and Investments

What's next for Palms.

  • 2026 expansion: New 500-room tower
  • Sustainability: Solar-powered casino floor
  • Crypto payments: Bitcoin slots incoming

Step 6: Visiting Tips for Owners' Perks

Leverage ownership intel.

  • Join Palms Rewards for exclusive events
  • High-limit lounge access via app
  • Owner-branded suites from $300/night

Frequently Asked Questions

Who currently owns Palms Casino Las Vegas in 2026?

Apollo Global Management holds primary ownership through a joint venture with other investors as of 2026.

Is there a connection to Hotel Casino Bern?

No direct ownership, but partnerships exist for promotions and tech sharing.

What major renovations happened recently?

A $600M overhaul in recent years added luxury suites and modern amenities.

How has ownership changed since 2001?

From Maloof family to Station Casinos, then Apollo-led group post-2021.

Are there investment opportunities in 2026?

Public filings suggest stability; contact investor relations for details.

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