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Partnership Could Control Palms

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(photo: Ethan Miller/Getty Images)

(photo: Ethan Miller/Getty Images)

(Las Vegas, NV)  —  A private equity partnership has been recommended to control the Palms hotel. The two firms say they will invest $30-million for upgrades to the off-Strip resort, but George Maloof will continue as the Palm’s manager. The Nevada Gaming Commission will consider the plan later this month.

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