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Palms officially part of Station Casinos

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Red Rock Resorts, Inc. announced Monday that Station Casinos LLC has completed its acquisition of the Palms hotel-casino.

With the acquisition of the Palms, Station Casinos now has 20 properties located across the Las Vegas valley.

RELATED: What Palms sales means for locals, tourists

The Palms was sold for $312.5 million back in May.