Will Good VP last at the Palms?

How long will it take before the good vp is gone at the Palms?

Asking ourselves the same thing. Right now scheduled to stay 3 nights starting August 2nd so hoping at least that long!

Are there reports that it is going? Or is this just speculation?

Bit stronger then speculation with CET taking over. Their track record speaks for itself.

CET is not taking over. One of the holding companies that now own the Palms (I believe it's TPG) is also one of the holding companies that owns CET. The other holding company that owns the Palms has nothing to do with CET. George Maloof is still managing the Palms.

It's similar to the situation at Aliante, which is now owned by the 2 holding companies that also own CET (Apollo and TPG), but the Fertitta brothers (Stations) still manage Aliante so it is still part of the Stations family. Aliante is not part of CET, and neither is the Palms.

Sorry Sue but according to the LVRJ you are wrong, CET IS taking over and rolling Palms into their portfolio:
"Should a deal be completed, given the would-be ownership structure of Palms, we would anticipate the property being rolled into the Caesars portfolio," Santarelli told investors. "We believe this would have a positive impact for both the Palms, via its inclusion in the Total Rewards program, and for Caesars, given Palms' status as a differentiated Las Vegas asset when compared with its existing portfolio."

The Maloofs will own a huge TWO percent when the deal complete (though, through options, apparently can be increased to 15 percent). Only reason the Maloofs still involved is they will bring in the young and beautiful from California.

Willing to bet you lunch we see major changes by the end of the year.

We'll see. Apollo is, I believe, the majority owner of CET, and Apollo is not part of the Palms deal.

BTW, everything I've read said that through options, Maloof's share could increase to 20%, not 15%.

Edited to add: This article contradicts what you said, Marc -- https://www.businessweek.com/ap/financialnews/D9O0FVF81.htm

Sorry Sue but it doesnt. I was incorrect in that an earlier report said the Maloofs could exercise options which would increase ownership to 15% and it seems the correct number is 20% but leaves the Maloofs as minority owners! Do you really think investment companies, especially those associated with CET among others, is going to buy 98 percent of a company and then do nothing?

Maloof claiming restructuring and changes not in store or discussed? Lets see hands of all who believe that. The Maloofs needed cash. Palms was not providing it, in fact the investments were used to pay off 400 million in debt! The article even states Palms hasnt been doing too well last 3 years. So you are saying the investment companies bought 98 percent of the Palms, helped retire $400 million in debt because it wasnt profitable and they wont demand changes?

How about this little gem in the article you cite from Maloof:
"I don't think operationally you'll see much change -- I think we always want to look at ways to do things better," Maloof said. "That's the intent."

Right, do things better, like gut VP. I predict MAJOR changes within 6 months IF the Gambling Commission approves the deal and many expect they will. With that taking 4 to 5 months folks have, at most, a year to enjoy the Palms as they know it.

As I said, and will stand by, within 6 months of approval major changes. Time will tell.

Well I hope Sue is right Plus there is nothing we can do about it anyway...

True and as I said time will tell. Meanwhile spending 3 nights there in August, figure pretty safe for at least that long