LAS VEGAS— Palms owner George Maloof is not concerned about the slowing national economys effect on his off-Strip hotel-casino here. Construction of the 455-room Flamingo Road property is proceeding ahead of schedule, Maloof said, and he is confident that the Palms will attract gamblers once it opens. He said he is counting on the propertys edgy design, restaurant and entertainment offerings to lure visitors. The Palms is slated to open in December. The project has stayed close to its original budget, with improvements to the propertys pool and spa courtyard adding about $3 million to the Palms original $265 million cost, said Maloof. Maloof sold the Fiesta to Station Casinos for $185 million in January. Station Casinos and a subsidiary of the Greenspun familys American Nevada Corp. each own 6% of the Palms. Currently, Maloof is working on hiring 2,500 people to work at the Palms. He is expected to finish the hiring process by mid-October.
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