I hear Mr. Maloof definitely wants to keep the Palms. Hope so. So maybe the rumors of sale are actually way off.
But really in my mind the question is why would Caesars want to take over the Palms? If they want a property that caters to locals or one that caters to the young nightclub crowd, they already have the perfect property to do that, The Rio. Make the Voodoo Lounge into more of a nightclub similar to Palms Moon. Hire some hip groups to fill the mostly unused or at least underused showroom (the one that formerly held the Scintas). Hire a couple of celeb chefs to upgrade a restaurant or two (Hamada of Japan just closed, so there is the space). Put in some locals gaming promos, rather than just 1/2 price buffets that bring in fAmilies, but not gamblers...for example big 5x points signs for reels, or locals cheap gifts for points such as Palms gives for swipes or Coast mailers have. Add a few half decent, if not downright decent VP machines, and promote them. Etc. So far their "locals" promos aren't splashy enough to really bring in the local gamblers. Just a couple of newspaper adds offering free bottles of wine for 100 pts or 5x points on reels for locals etc could spur them on. They could easily turn the Rio into a Palms clone if that is what they want of the Palms.
And if they want to turn the Palms into a clone of Harrahs Vegas properties...why bother? Doesn't make sense to me.
