Maloof family

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The Maloof family is an American family of Lebanese descent which owns numerous business properties in the Western United States. They are best known as the owners of the Sacramento Kings of the NBA.

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The family owns the two highest-profile sports franchises in the Sacramento, California market—the Kings and their sister team, the Sacramento Monarchs of the Women's National Basketball Association (WNBA).

In 1994 they bought the Fiesta Casino in Las Vegas, Nevada for $8 million, selling it in 2000 for over $185 Million. The money was reinvested into the creation of The Palms hotel and casino. George Maloof Jr. is credited with upping the star power in Las Vegas, catering to the young, hip Hollywood elite. Paris Hilton was most closely associated with the resort, and was reportedly paid hundreds of thousands in "appearance fees" to attend Palms clubs and parties.

The Maloofs expanded their business into the entertainment industry with the creation of Maloof Productions and Maloof Music. Maloof Productions places its primary focus on developing and producing film and television programming: the television division, Maloof Television, produced the 2007 reality series Bullrun for Spike TV[1]; the film division, Maloof Motion Pictures, produced the 2006 film Feast and is currently developing The Big Biazarro with Pierce Brosnan set to star.[2] The Maloof Music label is a joint venture with Interscope/Geffen/A&M Records.

In addition to their gaming business, the Maloofs have exclusive proprietorship rights to the distribution of Coors, Miller, Corona, Heineken, Tecate, InBev, Boston Beer, and Guinness products throughout New Mexico. The Maloof Companies is one of the largest single shareholders in Wells Fargo Bank.

The family consists of George J. Maloof, Sr., his wife Colleen, and their children:

Phil Maloof, a New Mexico state senator in the late 1990s, ran unsuccessfully against Heather Wilson for New Mexico's 1st congressional district in 1998.

Gavin Maloof graduated from Trinity University in San Antonio, TX in 1979 with a BA in Speech/Communications.

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  • The Maloofs frequently appear on the television show, Las Vegas.
  • Phil Maloof (George Maloof Sr.'s brother, not the younger Phil)owns the console of the Barton organ installed at Chicago Stadium. The elder Phil also has an extensive collection of classic automobiles and lives in an eccentrically decorated home in Las Vegas.
  • In the song "I'm Blooded" Lil' Wayne says ... "and I own my own team i'm like a Maloof..."

The Maloof family, especially Joe and Gavin, were under heavy fire in 2006 when they proposed building a new basketball arena in downtown Sacramento and were able to put a tax increase proposal on the fall election ballots. They wanted the taxpayers to pay for the majority of the arena instead of paying for it themselves. The proposal involved a quarter-cent sales tax hike aimed at raising $1.2 billion over the next 15 years. The city was divided between those who supported it and those who disapproved of it. There were rumors that the Maloofs were threatening to move both the Sacramento Kings and the Sacramento Monarchs to Las Vegas if they did not get a new arena. In November, voters overwhelmingly voted against the proposal and currently all plans to build a new arena are on hold.

  1. ^ Martin, Denise (2006-07-30). Reality's Fast Lane. Variety. Retrieved on 2007-04-27.
  2. ^ Fleming, Michael (2007-01-17). Brosnan to turn Wise novel into film. Variety. Retrieved on 2007-02-24.

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