Red Rock Resorts Buys Palms for $312.5M
Red Rock Resorts (fresh off an IPO that changed their name from Stations Casinos) confirmed rumors today that they have purchased The Plams for $312M bucks. Here's the form 8K they filed immediately after markets closed today.
Bloomberg reported in March that co-owners Leonard Green & Associates and Texas Pacific Group had contracted with Macquarie Group to sell the property.
Sending champagne dreams to Mr. Richard Munchkin of Gambling With an Edge podcast, he tweeted about rumors of a pending sale on Sunday.
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