Maloof Palms Casino Ownership
George Joseph Maloof Jr. (born September 2, 1964) is an American entrepreneur and businessman. He is the former owner of the Sacramento Kings, the former owner of the now defunct Sacramento Monarchs, and minority owner of the Palms Casino Resort in Las Vegas with his brothers Gavin Maloof, Joe Maloof, Phil Maloof, and sister Adrienne Maloof. Adrienne owns 2% of Palms Casino Resort in Las Vegas and is the third child and only daughter of billionaire entrepreneur George J. 18 The impressive property was last sold in 2013 for. The Maloof family collectively would at the time get a two percent equity share of the Palms. But they admitted to news that the agreement give them a future option agreement to increase their ownership stake up to twenty-percent of the Palms. Brandi Glanville Faux Wedding Pictures Set 2 Brandi Glanville Photo 5. The three-bedroom condo was owned by former New Mexico state Sen. Phil Maloof, whose family developed the building, as well as the Palms Casino Resort next door.
BEVERLY HILLS (LALATE) – Does Adrienne Maloof own The Palms Hotel and Casino in Las Vegas? Brandi Glanville questioned if Adrienne Maloof even owns 2% of the Palms last week on Real Housewives of Beverly Hills. Tonight the dispute erupts again as the housewives rehash their troubles in Las Vegas.
Last week on Bravo, Brandi Glanville and several housewives head to Las Vegas. But they don’t stay at the Palms. During the final dinner of the trip, Camille Grammer and Kyle Richards reveal they miss having Adrienne with them in Las Vegas because of Adrienne’s ownership of the Palms.
Brandi jumps in and jabs more insults, now at Adrienne Maloof’s businesses. Brandi prompts viewers to question if Adrienne Maloof owns the Palms. Glanville’s remarks stem from 2011 financial reports that indicated that the Maloof family’s ownership interest, at that time, was only two percent in the Palms.
Lisa tonight tells news that she thinks Adrienne needs to be back into the group, aka filming with the show, to defend herself against accusations. Vanderpump tells news “I think Adrienne has been out of the group for too long. That is why I have invited her to the tea party. That is why I think it is time that Adrienne come back and speak for herself. I think it is good for her come now, she is safe here. but I hope it doesn’t all kick off .”
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Maloof Palms Casino Ownership Guide
Brandi’s assertions about Adrienne’s ownership of the Palms is a catty reduction of a complex financial news story from 2011. Roughly a year before filming of the current season of RHOBH, the Maloof family confirmed to news that they had entered into a financial deal that would, at that time, give the family a two percent equity ownership stake in the Palms that could later be increased up to twenty-percent.
The ownership deal at the time gave ninety-eight percent, split equally, to TPG Capital and Leonard Green & Partners. The Maloof family collectively would at the time get a two percent equity share of the Palms. But they admitted to news that the agreement give them a future option agreement to increase their ownership stake up to twenty-percent of the Palms.
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The deal was revealed initially after financial documents had to be disclosed to the Nevada Gaming Control Board Operations. At issue was reportedly a $400 million revolving credit agreement that was set to be due. Under the agreement, the Maloof family agreed with Leonard Green and TPG to give new equity share percentages in exchange for that debt forgiveness.
Adrienne’s family, especially George Maloof, praised the ownership deal at the time saying that “not having any debt” was great for the Palms and its growth. George also confirmed to news that he would remain as Chairman. While it remains unclear if the Maloofs have yet exercised that option agreement to increase the share from two to twenty-percent, the remarks by Glanville are revisited tonight yet again on RHOBH.
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Maloof in 2014 | |
| Born | September 4, 1961 (age 59) |
|---|---|
| Alma mater | University of New Mexico |
| Occupation | Businesswoman, television personality |
| Organization | Maloof Companies |
| Television | The Real Housewives of Beverly Hills |
| Spouse(s) | (m. 2002; div. 2012) |
| Children | 3 |
| Parent(s) | George J. Maloof, Sr. Colleen Maloof |
| Relatives | George J. Maloof, Jr.(brother) |
| Website | adriennemaloof.com |
Palms Casino Ownership
Adrienne Maloof (born September 4, 1961) is an American businesswoman, socialite, television personality, shoe designer, and co-owner of the various business holdings of Maloof Companies, which include a stake in the Sacramento Kings (NBA), the Vegas Golden Knights (NHL), The Palms Casino Resort in Las Vegas, Nevada; Maloof Productions, Maloof Music and the retired Maloof Money Cup skateboarding event.[1][2][3][4][5]
Early life[edit]
Adrienne Maloof is of Lebanese and Irish heritage.[6] A member of the Maloof family, she is the third child and only daughter of billionaire entrepreneur George J. Maloof Sr., whose wife Colleen co-owns the holdings of the Maloof Companies with Adrienne and her brothers, George J. Maloof Jr., Joe Maloof, Gavin Maloof, and Phil Maloof.[7][8] She was born on September 4th, 1961, in Albuquerque, New Mexico, where her father owned a Coors beer distributorship.[1][7] She attended the University of New Mexico on a full scholarship as a tennis player, where she earned a degree in political science[5][7] and was a member of Pi Beta Phi sorority.
Career[edit]
After working in the marketing and promotions department of the Maloof family's liquor and wine business, her role grew to encompass the interests of all Maloof Companies and she has continued to control much of the Maloof Companies' marketing operations for more than twenty years. She is also involved in setting customer service standards for all Maloof Companies, including brother George Jr.'s Palms Casino Resort in Las Vegas, and she has produced many of Maloof Productions' projects, including the 2005 horror film Feast.[7]
She was a cast member for the first three seasons of Bravo's The Real Housewives of Beverly Hills, part of the network's Real Housewives series, alongside Kim and Kyle Richards, Camille Grammer, Lisa Vanderpump, Brandi Glanville, and Taylor Armstrong.[3][4][5][7][9] On March 4, 2013, Maloof announced she would be leaving the TV series, but has made guest appearances in the series' fifth, sixth, eighth, and tenth season.[10]
In December 2011, she released Adrienne Maloof by Charles Jourdan, a small shoe collection produced by Charles Jourdan.[5][9]
Maloof Palms Casino
Philanthropy[edit]
Outside of work, Maloof dedicates much of her time to philanthropy. She has supported numerous charities, including School On Wheels, Good News Foundation, and Camp Kindness program with the Sacramento SPCA.[11] In 2019, Maloof was working with Congress to prevent school shootings.[12]
Personal life[edit]
On May 2, 2002, she married plastic surgeon Paul Nassif, who specializes in facial plastic surgery—specifically rhinoplasty.[13] He appeared on E!'s Dr. 90210 and currently stars in Botched also on E!.[1][3][4][5] The couple have three sons: Gavin (b. 2003) and twins Colin and Christian (b. 2006).[14] They resided in Beverly Park, a gated community in Los Angeles.[15] Nassif filed for separation from her on July 30, 2012. The papers, filed in Los Angeles Superior Court, cited irreconcilable differences as the reason for the separation.[16] On November 8, 2012, their divorce was settled.[17] On January 22, 2013, Maloof confirmed that she was formally dating Sean Stewart—son of British rocker Rod Stewart.[18] Maloof rented Tom Gores's house in Mulholland Estates in 2012, and it was purchased by Christina Aguilera in 2013.[19]
Filmography[edit]
| Year | Title | Role | Notes |
|---|---|---|---|
| 2010–2017, 2020 | The Real Housewives of Beverly Hills | Herself | 72 episodes |
| 2011 | Miss Universe 2011 | Herself / Judge | Television special |
| 2015 | Chocolate City | Herself | Uncredited |
| 2016 | Hell's Kitchen | Herself / Restaurant Patron | Episode: 'Don't Tell My Fiance' |
| Year | Title | Role | Notes |
|---|---|---|---|
| 2005 | Feast | Executive producer | Film |
| 2019 | Short Notice | Music video by Ochoa Boyz |
References[edit]
- ^ abcBravo TV biographyArchived December 18, 2011, at the Wayback Machine
- ^NBA biographyArchived July 23, 2005, at the Wayback Machine
- ^ abcE! Online Blog, 19 March 2010
- ^ abcLA Times Show Tracker blog, 14 May 2010
- ^ abcdeOfficial biographyArchived January 7, 2012, at the Wayback Machine
- ^'CNN LARRY KING LIVE: Mallof (sic) Brothers Interviewed'. cnn.com. September 18, 2010. Retrieved December 11, 2012.
- ^ abcdeIMDB profile
- ^Haas, Mariah (April 6, 2020). ''RHOBH' alum Adrienne Maloof's uncle, entrepreneur Phil Maloof, dead from coronavirus at age 93'. Fox News. Retrieved July 9, 2020.
- ^ abQuentin Fottrell, 'Shopping with a Real Housewife of Beverly Hills', in The Wall Street Journal, December 23, 2011 [1]
- ^'Adrienne Maloof: 'It Was Time To Exit' The Real Housewives of Beverly Hills'. Access Hollywood. Retrieved March 6, 2013.
- ^'Adrienne Maloof'. Bravo TV Official Site. June 25, 2012. Retrieved July 9, 2020.
- ^Hirsch, Chelsea; Bitsky, Leah (November 15, 2019). 'Adrienne Maloof working with Congress to prevent school shootings'. Page Six. Retrieved July 9, 2020.
- ^Maloof Nassif divorce documents
- ^http://www.tmz.com/2012/08/28/adrienne-maloof-paul-nassif-file-divorce 3 Sons
- ^David, Mark (September 20, 2012). 'Adrienne Maloof Lists Bev Hills Mansion Amid Bitter Divorce'. Variety. Retrieved December 1, 2017.
- ^Kenneally, Tim. ''Real Housewives' star Adrienne Maloof and husband split'. Yahoo News. Retrieved July 31, 2012.
- ^http://www.tmz.com/2012/11/08/adrienne-maloof-paul-nassif-divorce-settled-custody
- ^Ravitz, Justin. 'Adrienne Maloof, 51, Dating Rod Stewart's Son Sean, 32: Pictures'. US Weekly. Retrieved January 22, 2013.
- ^David, Mark (April 15, 2013). 'UPDATE: Christina Aguilera'. Variety. Retrieved December 1, 2017.