“The Palms and Playboy Enterprises have shared a great relationship and wish each other future success," continued the statement.
A spokesman was asked how many employees would be affected and what the Playboy Club space will be converted to, but he said the resort had no further details to share. The Playboy Comedy Lounge at the Palms closed after the New Year's holiday, raising questions about how long the Playboy Club would remain at the Palms.
The Playboy Club regularly hosted events with Playboy founder Hugh Hefner and his playmates, bringing a unique vibe to the Palms and Las Vegas. The Playboy Club is part of the N9NE Group restaurant and nightclub company that operates mainly at the Palms.
For a time the Palms boasted of having the world's only Playboy Club, but other Playboy Clubs to open around the world recently are in Cancun, London and Macau in China.