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Photo courtesy 9Group
Thursday, March 15, 2012 | 6:19 p.m.
The Palms in Las Vegas on Thursday said the Playboy Club there will close for undisclosed reasons.
"After a strong six-year run, the Palms Casino Resort and Playboy Enterprises will end their partnership in early June and each pursue new brand opportunities in Las Vegas nightlife. The Palms and Playboy Enterprises have shared a great relationship and wish each other future success," the Palms said in a 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.
give me a break..If Vegas can't keep a PC, then something's wrong..
Just more evidence the Palms continues upon its downward spiral as the nightmare continues for George Maloof.
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Just like the Hard Rock...some of these off strip resorts have just gone downhill. Used to love to go to the Hard Rock before the expansion. Also liked the Palms. I thought the Playboy association would give it a lift. Not to be. Once in a while Palms will send me "coupons"...match play, etc. their offers don't come close to what Station Casino sends me. If they want to bring in some locals, they better be more aggressive.
No more Playboy, no more MTV, no more Maloofs, no more Palms.
To be fair to George Maloof, the reason the Palms started it's downward trend was because of the Condominium Tower that was built and completed just before the real estate crash. Capital expenditures for that tower were already committed and Maloof decided to complete the project rather than stop construction. When the project was started, there were no indications that the Vegas real estate market was going to crash and burn. The property has gone corporate, like so many others. Mr. Maloof has little if any input on which direction the property will go.
George Maloof is a perfect example of what happens when a person inherits money instead of earns it.
"A fool and his money is soon parted".
Re bf1lv. Mr. Maloof is not a fool. He had a vision to build the Palms, and when it opened, it was THE happening property in town. Whether he inherited wealth or not is irrelevant. He used that wealth to build the Palms, and provided jobs to many people as a result. Being a stand alone property proved to be a disadvantage as the years passed. People always flock to the next best properties as they come on line. Maloof was a hands on owner, and continually used his own money to keep things going until it was no longer viable to do so. As this city's gaming industry shifts to total corporate control, the unique stand alone properties will disappear.
I agree with Gary Lind. Maloof was a great operator when he owned the Fiesta on Rancho and I was sorry he sold out to Station Casinos. The difference was dramatic. Stations made crazy changes that cost them most of the Fiesta's loyal regulars, including my wife & I. However, when George made the blunder of endorsing Harry the Red, he lost us as patrons of the Palms and we never brought friends or relatives who came to visit LV there, either. I cut up my players card and haven't stepped foot in the place since and never again intend to. Maybe my wife & I were the only ones who felt that way; maybe not. But it cost George and his bottom line a few bucks I'll gurantee you and, in business, every dollar counts, doesn't it, George?
Comment removed by moderator. - -
Remember that when you are young and can stand the all night life, anything that seems established or old is out. The Playboy Club is looking for NEW and hip locations to associate their brand. To remain viable and fresh, they must do this for business reasons. I doubt that they will leave Las Vegas permanently. It's like always having the latest Playmate, new, hip, a fresh face =)
Blessings and Peace,
Star
A Six year run for a club is about average. They lasted longer then some. No real surprise here with this happening.
Sit back and watch, the Palms will do just fine and put something in that will attract the crowd that works for them.
All I know is that I visit Las Vegas very often and not once was I able to see where to even enter the playboy club, I saw a little podium next to the Mexican restaurant with a gal standing there at all times, no clue what she did standing there, there was nobody going in or out of the hallway behind her, so I'd ignore it all together and continue to the Palms casino floor...
let's not bash maloof for inheriting his money; those station guys did the same thing.
Never found the Palms to my liking, and when there it always seemed to be a freak show of bizarrely dressed or barely dressed young people trying to get into the nightclubs.
That being said, as a local and a player, there in only one player's card that has enough perks and comps to keep me happy and that is M Life - the MGM properties' card. Stations are dives, dumps, and rip-offs. Even The M, in Henderson, was great until the change in ownership. Marnell had a class act there, but no more.
The MGM player's card gives you so many opportunities for perks and there's no other card like it. Even if I lose, I win with the structure of their club card. - Maybe that's why MGM's stock is going up. Other locals are finding out the same thing and enjoying the high end atmosphere of most of their casinos, with as good a chance as winning as anywhere else, and more comps.
To everything: turn, turn, turn.
This has been true for Palms, MGM, Stations, and perhaps even Wynn.
Even Las Vegas as a whole has its ups and downs, This will continue on. History has shown it, the future will prove it.
More refreshed branding everywhere. Opinions are fast moving, globally.
Palms is getting ready to be sold off. Hence, they are cutting out expenses to make the bottom line look good. PC was an expense and not making money so bye-bye. Nice amenity to the guests but making money is what matters now.