Palms Casino In Las Vegas Fined $1 Million For Prostitution and Drugs
Undercover Investigation Conducted By Nevada Authorities
The parent company of the Palms casino, located just off the Las Vegas Strip, has been hit with a $1 million fine by Nevada regulators after an investigation into prostitution and drugs.
The casino, first opened in 2001, had financial problems recently.
According to a 2011 article by the Review-Journal, the Maloof family sold most of its stake in the property after the Palms missed a loan payment in 2010. The deal with the new investors was part of restructuring $459 million worth of debt.
Nightclubs at the casino include Rain, Moon and Ghostbar.
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