Red Rock finalises purchase of The Palms

Red Rock Resorts has announced that its Station Casinos business has completed the acquisition of the Palms Casino Resort land-based facility in the US gambling haven of Las Vegas, Nevada.

Terms of the deal were not disclosed, but Red Rock said that The Palms, which becomes its 20th property in the Las Vegas valley, is “uniquely positioned to benefit from strong economic trends and record visitation levels currently being experienced in the market”.

The Palms, an established brand in Las Vegas, is located adjacent to the main Strip area.

Marc Falcone, executive vice-president, chief financial officer and treasurer of Red Rock, said: “We are excited to welcome the talented members of the Palms team to the Station Casinos family.

“The Palms' outstanding location, premium amenities and highly recognisable brand will allow us to provide a new level of excitement for local and visiting guests to Las Vegas.”

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