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Veteran casino executive Joe Magliarditi became the Palms' president, a week after the Maloofs lost...

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Veteran casino executive Joe Magliarditi became the Palms' president, a week after the Maloofs lost controlling interest in the Las Vegas resort to their creditors. But George Maloof remains "100 percent" in charge of the Palms, said casino spokesman Larry Fink. "It doesn't affect George - he's not stepping down at all."

Dale Kasler, Sacramento Bee Some further clarification on yesterday's news.