The total allocation will now amount to USD 620 M
Station Casinos raises Palms renovation budget by USD 135 M
Station Casinos acquired Palms in 2016, in a deal amounting to USD 312.5 M.
2018-03-01
Reading time 34 seg
The company announced that is has increased its redevelopment budget for Palms, as part of a plan to accelerate the third phase of the project.
Station Casinos said the key elements of the third phase of its renovation plan include:
- a casino floor expansion featuring 300 new slot machines and 16 game tables
- a Hong Kong-style Dim Sum restaurant
- a casino connector integrating the Palms Place and existing self-park garage into the property
- collaborations with artists
- and a new digital sign
The total budget for the redevelopment is now expected to be $620 million.
The first phase of the project is expected to be open by the second quarter of 2018, with the second phase components to open in the first and second quarters of 2019 and the third phase is expected to open in the fourth quarter of 2019.
Station Casinos acquired Palms in 2016, in a deal amounting to USD 312.5 M
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