Carrie Royale, now 52, said she kissed the prince after being invited to join strippers and other guests in a Wynn Hotel room in 2012.
Speaking to The Sun, Palmiotto explained why he took out the insurance on the undies. He said: “I spent a lot of money on these pants but they’re worth it. They haven’t been washed, they’re in [their] original condition from that night in 2012.
“These are the real crown jewels and people are excited to come down here and see them.”
Palmiotto continued: “We’re placing a $ 1 million insurance policy on Harry’s underpants.
“I am seriously scared that someone’s going to break into the club and try to steal them. And you’ve got to protect the crown jewels. We’ve been getting flooded with calls and people that want to see them and we want to protect them.
“The security has been increased here quite drastically. We’ve added security robots in the actual parking lot and, even when we’re not here, the alarm system has been increased and more lasers have been added.
“We’ve constructed a special case to hold these underpants and they’re locked and bolted in. I take this very, very seriously. Harry, your underpants are safe at Expose.”
He added that he had not heard from Harry or Meghan Markle after purchasing the underwear.
Palmiotto said: “If Harry wants to call me and come down to see them he is welcome at any time. I’ll have VIP treatment ready for him.”
