12/21/2023 0 Comments Station casinos palms acquisition![]() ![]() In the Aliante matter, gaming industry leader Bill Boyd told the board the acquisition of the hotel-casino and the pending acquisition of two Cannery Casino properties would expand the company’s presence to areas in the valley it has never been.īoyd, who first appeared before Nevada gaming regulators in the 1960s when the Eldorado casino in Henderson was licensed and last appeared before them in 2004 in the company’s acquisition of the Coast Casinos chain, said the company currently holds 21 properties in seven states and will add three more locally as soon as two transactions are completed. Chief Financial Officer Marc Falcone told regulators most of the company’s 1,700 employees would be retained. ![]() Station executives view the Palms as a leading asset because of its proximity to the Strip. Red Rock Resorts, parent company of Station Casinos, announced in May that it was planning to acquire the 700-room Palms property and its 600 condominium units for $312.5 million, while Boyd said in April that it would buy the 211-room Aliante in North Las Vegas for $280 million. ![]() The state Gaming Control Board on Wednesday unanimously recommended approval of the acquisitions of the Palms by a subsidiary of Red Rock Resorts and the Aliante Hotel by Boyd Gaming.īoth approvals sailed through the review process and are expected to be considered for final approval by the Nevada Gaming Commission on Sept. (Erik Verduzco/Las Vegas Review-Journal Follow Nevada’s locals casino landscape is on track for some change, at least in their executive offices. ![]()
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