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Basketball Team Owner Lives Out Fantasy in Vegas

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George Maloof Jr. steps out into the hallway away from a raucous party where his luxurious Sky Villas have just been opened to the public. The marble-encased villas' infinity pools jut out from the futuristic tower and offer a panoramic view of the Las Vegas Strip to the east. In one two-story villa, more than 100 guests are celebrating, among them Paris Hilton, actor Jeremy Piven, and Maloof's ex-girlfriend, Tishara Cousino, Playboy's May 1999 Playmate of the Month. Maloof, whose family owns the Sacramento Kings, is plowing $650 million more into what will be a $915 million casino, resort and condo development known as the Palms.

The newest addition, the 40-story Fantasy Tower, includes the six Sky Villas, which span up to 10,000 square feet and can go for $40,000 a night. By September, the Palms' second tower will be topped by the first Playboy Club to be in operation in 25 years. The wide-ranging expansion is a risk for the grandson of a Lebanese immigrant known for pushing the limits in a city that seemingly has none.

May 18, 2006
Posted By Nancy Lenz
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