Palms Casino

Maloof( the owner) announced a third tower called Palms Place to be built on the west end of the Palms property and would be a residential high-rise. The design architect is the Jerde Partnership Construction on this third and final tower has been completed. Residents were allowed to move in on February 29, 2008. On May 31, 2008 the grand opening night took place that marked the latest addition to the Palms, as Palms Place is a multi-million dollar, 47-story hotel, condominium, and spa tower.

The Palms opened on November 15, 2001 and was designed by the Jerde Partnership, a Los Angeles based architectural firm.

In 2002, it was the resort where participants of MTV's The Real World: Las Vegas stayed. The level they rebuilt to accommodate MTV is now the "Real World Suite" and is available for reservations.

In October 2005, the second tower, dubbed the "Fantasy Tower", opened at a cost of $600 million. In keeping with George Maloofs basketball interest (he owns the Sacramento Kings of the NBA and Sacramento Monarchs of the WNBA), the new tower includes a two-story, 10,000 sq ft (930 m²) suite that includes the world's only basketball court in a hotel suite. The suite includes a locker room, score board and a multi-screen entertainment system. Some of the other Fantasy rooms include the G suite, the Pink suite, and the Playboy Villa.

The Palms hosted the 2007 MTV Video Music Awards on September 9, 2007. Audience members and many of the celebrities were seated inside the resort's Pearl Theater.