Ownership shift OK'd for Maloofs' casino

Ownership shift OK'd for Maloofs' casino
Ownership shift OK’d for Maloofs’ casinoSource: Sacramento BeeFriday 18th November, 2011¬†¬†Nevada regulators Thursday approved the transfer of the Maloof family’s Palms Casino to its creditors.The Maloofs, who own the Sacramento Kings, have just 2 percent of the Palms under the deal approved by the Nevada Gaming Commission.The new majority owners are two investment firms that held the resort’s debt, Leonard Green & Partners and TPG Capit… …Read the full story at Sacramento Bee

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