It was announced on October 24, 2000, that the new hotel and casino would be named the 'Palms'. To keep up with the hotel and casino's construction, the Maloof family sold the Fiesta to Station Casinos for $185 million. The hotel would contain an 80,000 square foot casino and up to 2,000 rooms.
According to Maloof, the unnamed resort would be construction in phases, with the first phase costing an estimated $275 million. It was also the setting where The Real World: Las Vegas was filmed.ĭuring an expansion on Fiesta Hotel and Casino (Now Fiesta Rancho) in 1999, George Maloof, president of the hotel and casino at the time, announced that his family would be building a new resort and casino across the Gold Coast on a 32-acre site that had been purchased two years earlier. It was recently the site of a large renovation after being bought out by Station Casinos in 2016. The hotel features a 94,840 square feet casino, along with a condominium named 'Palms Place'.
The hotel is right across the street from the Rio All Suite Hotel and Casino. The hotel is currently owned and operated by Station Casinos (previously by George Maloof) and opened back in 2001.
The Palms is a resort and casino located on 4321 West Flamingo Road near the Las Vegas Strip in Paradise, Nevada.
