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by Michael J. Shapiro | November 23, 2011

 The Nevada Gaming Commission approved an ownership change last week for the Palms casino resort, according to the Las Vegas Review-Journal. Leonard Green and Partners, along with TPG Capital, will be the new owners, with a 98 percent stake. Former owner, nightclub magnate George Maloof, will retain 2 percent ownership and become chairman of the board of the new company. The property ran into financial trouble last year and was forced to restructure its debt.