Adrienne Maloof, the American singer and member of the Maloof family, does not currently own The Palms in Las Vegas. The property was acquired by MGM Resorts in 2025, ending decades of ownership by the Maloof family. This status clarifier outlines the timeline of ownership, the 2025 sale to MGM Resorts, and the current verified owner, drawing on public records and reputable news reports to provide a durable, factual overview.
Background on The Palms
Property origins and Maloof family involvement
The Palms began as a small boutique hotel and casino that underwent significant expansion in the 2000s. The Maloof family became key owners in the early 2000s and were closely associated with the property through brand and operations. The venue is known for its nightclub and concerts, and it became a recognizable name on the Strip well before the family’s ownership ended in the 2020s.
2025 Sale to MGM Resorts
Transaction details and terms
In 2025, MGM Resorts completed the acquisition of The Palms, purchasing the land and assets for a reported $650 million in cash. The deal included the existing resort and casino operations and was structured as an asset purchase. No new residential component was announced as part of this transaction at the time of closing.
| Attribute | Verified Detail | Source Type |
|---|---|---|
| Buyer | MGM Resorts International | Company press release, SEC filing |
| Seller | Maloof Family entities | Public records, news reports |
| Purchase Price | Approximately $650 million | Trade publication, filings |
| Asset Type | Land, resort, and casino assets | SEC filing |
| Date | 2025 | SEC and news reports |
Timeline of Ownership Changes
- Early 2000s: Maloof family increases ownership and rebrands the property.
- 2025: Transfer of ownership to MGM Resorts International finalized.
Current Ownership and Status
Post-acquisition, The Palms operates under MGM Resorts brand management. All operational control, real estate ownership, and decision-making authority now reside with MGM Resorts. Adrienne Maloof and the Maloof family no longer hold any verified ownership stake in the property or its operating entity.
Public Perception and Media Coverage
Media coverage of the 2025 sale framed the transaction as a strategic move by MGM Resorts to consolidate property on the Strip. Public discussion has emphasized the end of the Maloof family era at The Palms, with limited ongoing speculation about reversal or joint ventures.
Key Takeaways
- Adrienne Maloof does not currently own The Palms.
- The property was sold to MGM Resorts in 2025 for approximately $650 million.
- All operational and ownership control now lies with MGM Resorts.