Red Rock Resorts, Inc. (NASDAQ: RRR) has announced that Station Casinos LLC has entered into a definitive agreement to acquire the Palms Casino Resort in Las Vegas. The transaction, valued at $312.5 million, is expected to close during the third quarter of 2016.
Milbank, Tweed, Hadley & McCloy LLP advised Red Rock Resorts in the transaction with a deal team led by Los Angeles Corporate partner Deborah Conrad with New York Executive Compensation partner Mike Shah, New York Tax special counsel Max Goodman, New York Antitrust partner Fiona Schaeffer and Los Angeles corporate associate Ramin Savar.
