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Palace Station is a hotel and casino located in Las Vegas, Nevada. It is owned and operated by Station Casinos , and is the company's oldest property. It includes an 84,000 sq ft (7,800 m 2 ) casino and 575 rooms.
Station Casinos announced on October 13, 2015, that it would return to the stock market with an initial public offering. [58] On April 26, 2016, Red Rock Resorts, Inc., a new holding company owning a portion of Station Casinos, went public on the NASDAQ Stock Exchange. [59] In 2016, Station Casinos purchased the Palms Casino Resort for $313 ...
Resort fees in Nevada are treated and taxed as a hotel room at hotel occupancy tax. Both hotel rooms and resort fees in Nevada are taxed at 13.38%. [64] [65] Resort fees at many hotels in New York are taxed at 8.875% instead of the hotel occupancy tax of 14.75%. [47] There is a 5.875% tax loss for New York City per resort fee per room per night ...
The resort, to be named Kactus Kate's, would be built by Gold Coast Hotel/Casino Limited. The hotel would include 450 rooms, and the casino would be 105,000 sq ft (9,800 m 2), [28] later decreased to 102,000 sq ft (9,500 m 2). [29] The resort would be located directly north of the nearby Fiesta and Texas Station resorts. [29]
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Station Casinos was primarily interested in the site's grandfathered gaming license, [13] soon determining that the existing structures were not usable [5] and had construction quality problems. [15] Demolition began in July 2005, [15] and the hotel tower was imploded by Controlled Demolition, Inc. (CDI) on January 11, 2006. [5]
Frank Joseph Fertitta Jr. (October 30, 1938 – August 21, 2009) [1] was an American entrepreneur. He was the founder of Station Casinos, a gaming company based in Summerlin South, Nevada.
The hotel's 250 employees had to reapply for their jobs under Station Casinos. [9] The King 8 closed on July 1, 1998, to allow for remodeling. [ 9 ] [ 10 ] A new sportsbook and restaurant were among the improvements made at the King 8, which reopened as the Wild Wild West Gambling Hall & Hotel on July 13, 1998.
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