Plaza Hotel, a landmark Hotel in New York, is going through a $35 million transformation. The latest news published at the website, www.onlinecasinoedition.com mentions “Plaza Hotel Renovations Going Well.” This means that the hotel and casino are expected to be ready shortly and will be open to public this summer.

The latest news in the casino industry is that George Maloof’s Palm’s ownership decreases to 2 percent. The rest will be shared between TGP Capital and Leonard Green. Nevertheless, Maloof will remain the chairman of Palms Resort and there will be no change in casino management due to ownership shuffle.