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CPPT V - The Bicycle Casino

$1,100 No-Limit Hold'em Quantum CPPT ME $400K GTD

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Andrew Wisdom Wins CPPT Bicycle Casino Main Event

After five days of poker action the field of 550 players in the Card Player Poker Tour Bicycle Hotel & Casino main event was eventually whittled down to 23-year-old Andrew Wisdom, who earned the largest ...


Palms Casino In Las Vegas Fined $1 Million For Prostitution and Drugs

Undercover Investigation Conducted By Nevada Authorities

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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.

According to the Las Vegas Review-Journal, the firm has agreed to pay the seven figures to the state. For details on the investigation into the Palms’ clubs, check out the 21-page complaint.

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.

 
 
Tags: Palms,   Las Vegas,   Nevada,   Casino