George Maloof Still Hopeful Kings Stay Put
While the term sheet that was agreed on was non-binding, the breakdown of how those costs would be shared was included on page 10 of the 45-page document. George Maloof — who headed the family’s Palms Casino in Las Vegas before it lost majority interest and remains the chairman — has long been seen as the most discerning member of his family when it came to this deal.
SI.com: How should people view these events of the past few days?
Maloof: You know, I think that there’s still hope, a lot of hope. I think that we can get it done, but I think people have to realize that it’s a process. But when you’re dealing with the public and you’re dealing with three parties, you don’t always agree. That’s part of negotiating a deal. I think the thing that I was just taken back by a little bit was, I was surprised this was even an issue because we’ve been very up front with this. The moment I saw the term sheet, which was the week before the deadline, and we were very clear with everybody that we weren’t going to pay for those fees, so I was a little taken back. I guess people were surprised by that. Anyway, it is what it is. I just wanted to make sure people got the real story. That’s important.