TITLE

Treasure Island sold for $775 million

AUTHOR(S)
Stutz, Howard
PUB. DATE
December 2008
SOURCE
Las Vegas Business Press (10712186);12/22/2008, Vol. 25 Issue 51, p12
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports the acquisition by Phil Ruffin, a Wichita, Kansas businessman, of the Treasure Island for $775 million from MGM Mirage. The transaction is said to be closed by end of June 2009 after approval by the Nevada gaming regulators. Ruffin, ranked among the 400 wealthiest Americans by the "Forbes" magazine, and who sold the New Frontier in 2007 and started investing in municipal bonds, stocks and other public markets, said that he wants to get back at the Las Vegas Strip with a major property.
ACCESSION #
35961048

 

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