![]() ![]() Purchase Price: The reported cost of acquiring Palm was $313 million. Acquisition by Station Casinos: In 2016, Palms was bought by Station Casinos. Prior Ownership: Numerous parties owned Palms before Station Casinos took over. However, by 2019 Red Rock Resorts acquired Station Casinos and thus became responsible for owning and operating Palms Las Vegas.ġ. Secondly, in 2016, Station Casinos purchased Palms from its previous owners for a reported $313 million. Firstly, it is essential to note that multiple entities have held ownership of the resort over the years. If you’re curious about the ownership structure of Palms Las Vegas, here’s what you need to know. What is the ownership structure of Palms Las Vegas? The Palms Las Vegas Resort, a popular hotel and casino located west of the Las Vegas Strip, is owned by Red Rock Resorts Inc., a publicly traded company.
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