George Maloof, part of the family that owns the Sacramento Kings, has replaced himself as president of the Palms Resort in Las Vegas, reports the Las Vegas Sun . The Maloofs recently revealed that they had lost majority control of the casino and hotel, going from an 85 percent stake in the resort to a 2 percent stake due to incredible debt issues. With the ownership restructuring, the Palms’ board decided to hire a new president to take over for Maloof, who has run the Palms since it opened a...
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