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Palms majority owner gains control of Rain, N9NE Steakhouse, Moon Nightclub

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And the hits keep coming. Ziller, I know you'll love this latest news on Jorge. "F.P. Holdings was created in November when equity firms TPG Capital and Leonard Green & Partners L.P. took majority ownership of the Palms. The two firms helped restructure $459 million in debt, after the off-Strip property encountered financial trouble." "George Maloof, the driving force behind the Palms, which opened in 2001, owns 2 percent of the resort, along with a 10-year employment agreement to manage the hotel-casino."

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