We're really looking forward to the Palms reopening in the next few months. Have you heard any specific details about what it's going to be like? Different than the old Station casino? Or more of the same?
A lot of media has been devoted to the purchase of the Palms by southern California's San Manuel Tribe of Mission Indians and the tribe's recent licensing by the Nevada Gaming Commission.
The coverage tends to focus on the planned differences between the new and old Palms, rather than the similarities.
The hotel-casino will reopen as "the Palms," though we've seen hints that the name might change at some point after that.
Perhaps the biggest change will be repurposing the nightclub spaces. To start, what used to be KAOS will remain closed as the tribe decides what to replace it with. A Palms executive said, "A nightclub doesn't make sense for our target customers, which are gamblers." However, the iconic Ghostbar from the Maloof days, on the 55th floor with fantastic Strip-facing views, will be returning.
And gamblers will be targeted from three distinct markets: southern California, drawing from the database at the tribe's highly successful Yaamava' Hotel-Casino outside of San Bernardino; visitors from the rest of southern California, plus Arizona, Utah, and the Pacific Northwest; and Las Vegas locals.
In addition, not reopening the nightclub suggests that the Palms will cater to an older clientele than Station Casinos marketed to, failing miserably and quite visibly. An analyst said that the San Manuel Tribe will "take a much more holistic approach by targeting older customers" than Station did.
That makes sense, given that the typical Yaamava'-goers are middle-aged and retired people. It's obviously a market with which the tribe is more comfortable and experienced. And without a major portion of the budget tied up in the nightclub, it frees up plenty of money for other amenities, such as restaurants and more mainstream entertainment.
For example, expect to see the Pearl Theater open quickly with concerts and other live entertainment, though with a different lineup of artists than previously.
The sports book will be upgraded (technology-wise) and possibly shrunk in size; it will be operated by William Hill.
Most of the food-court vendors will remain, though what restaurants return remains to be seen. We have high hopes for the buffet, since it appears to us that the customer base the tribe is seeking would seem to favor AYCE.
It's already been announced that paid parking is not part of the plan.
Cynthia Kiser Murphey, who started her casino career at the Mirage and rose through the ranks to become president of New York-New York, is the general manager of the Palms. She knows the markets and how to run a casino, and from what we've seen, she has embraced the tribe's vision for returning the Palms to its former glory under the Maloofs.
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