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It is owned by the Maloof family. They also own the Sacramento Kings Basketball team.
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It used to be owned by the Maloof family but was claimed by creditors in 2011. TPG Capital and Leonard Green & Associates now own 98% (49% each). The maloofs were left with a token 2% ownership and a promise to keep the maloofs as the front man of the casino, but thats probably just to allow the Maloofs to save face since they were good debtors up until they ran out of money and the casino was reclaimed.
the same is true with the Maloofs other marquee property, the NBA Sacramento Kings. with no more family money to support the team, the payroll is the lowest in the league and the arena is run down. a similar investment group will probably end up buying the team (a group led by Ron Burkle who has already offered to buy the team but was resoundly rejected by the Maloofs...someone should really tell the Maloofs that they are totally broke!)
Wiki User
∙ 12y ago
Wiki User
∙ 14y agoJulian Woods
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