George Maloof Jr., who played football at the University of Nevada, Las Vegas, runs the hotel division of his family’s Maloof Companies, which owns the NBA’s Sacramento Kings and the WNBA’s Sacramento Monarchs, as well as hotels, casinos and banking and other businesses.
WWD: As the owner of the Palms, a casino resort with more than 700 rooms that opened in 2001 off the Las Vegas Strip, and the neighboring Palms Place Hotel-Spa, a condominium-suite complex with 599 units, you are considered a formidable Las Vegas player. What’s your sense of the state of the city?
George Maloof Jr.: Everybody is focused on Las Vegas and what is happening with the economy here. I think some of it is exaggerated. We have so much to offer in Las Vegas that it is still the number-one destination in the world and will always be. There is a lot of volume that is coming into Las Vegas. Maybe people aren’t spending as much and maybe that’s the difference.
WWD: Is there a particular area in which people — Las Vegas locals and visitors — are spending less?
G.M.: I wouldn’t specifically say that we can identify an area, and I wouldn’t say that it is a dramatic number at all. I just think, in general, things are a little flat. The growth that the city has been used to over the last few years, we haven’t seen that.
WWD: How are you performing in terms of key indicators such as occupancy and room price?
G.M.: Our occupancy has been very strong.…Knock on wood, we have been very fortunate.
WWD: Have you changed your promotion strategy at all to drive business to the Palms?
G.M.: We have a marketing plan that focuses on local people that live in Las Vegas and out-of-town visitors. We have always had the same plan, that hasn’t changed at all….Because we are not on the Strip, we can go after a local market.
WWD: How has Palms Place been received?
G.M.: We have sold every unit….We have done very well in a very tough market.
WWD: You have said that you wanted to create the “ultimate party hotel” with the Palms. What does that mean?
G.M.: When people think of a destination where they can come and have fun, they always think of the Palms. [People are] coming here and getting away, maybe taking their minds off the economy.
WWD: What upcoming event are you looking forward to?
G.M.: We have the Midsummer Night’s Dream Party in two weeks.
WWD: What are you going to wear?
G.M.: I haven’t figured that one out yet. Maybe a mask.
WWD: What is the mood of people who live and work in Las Vegas?
G.M.: I hope it gets better. I think that there has been so much attention on what is happening with the economy in general. It is on everybody’s mind, there is no question about it. I don’t think anybody is immune to it. You just have to believe in the city and the people and the leaders of this town. I happen to believe in them. Hopefully, I am one of the leaders of this town.
WWD: What do you think could be done to help stimulate the Las Vegas economy?
G.M.: If people stop talking about it, that might be a good start. I really believe that. There is so much attention on that that maybe [it would be better to] focus on something else. That would be a big change….Everybody just needs to take a chill pill.
WWD: Are you doing anything to change the prevailing mood in Las Vegas?
G.M.: People have to be excited about things. What we try to do is create events. Whether it is through a slot promotion or something we do in one of our nightclubs, we are creating things that give interest to people and have them come out and enjoy it.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia