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Palms Casino

  1. Kings Arena Update: Kevin Johnson working with Ron Burkle’s right hand man

    Jun 17, 2011, 5:55 PM EDT

    anderson kj romani

    The Sacramento Kings arena saga took an interesting turn on Wednesday when it was announced that the Maloof family had given up majority ownership of the Palms Casino after a “recapitalization agreement” with their main creditors, TPG Capital and Leonard Green and Partners. The deal reduces the Maloof’s ownership from about 80 percent to 10-20…

  2. Maloofs give up part of casino to erase debt, is that good for Sacramento?

    Jun 15, 2011, 12:27 PM EDT

    maloofs-kings

    The conventional wisdom has been that part of the reason the Maloof brothers worked so hard to move their Sacramento Kings to Anaheim was to deal with debt problems — they were so overrun with debt in other areas of their lives they needed to moved the Kings to a higher-revenue place. That may not…

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