Gaming Control Board backs deal to sell Treasure Island

Stutz, Howard
March 2009
Las Vegas Business Press (10712186);3/16/2009, Vol. 26 Issue 11, pP15
The article announces that the Nevada Gaming Control Board approved the offer of Phil Ruffin to purchase Treasure Island from MGM Mirage for the amount of $775 million. The control board will secure a final ruling from the Nevada Gaming Commission on March 19, 2009. A deal between Ruffin and MGM Mirage was struck where both agreed that the latter will operate the race and sports book for six months while Ruffin will retain the current management team and bring in his own hotel employees.


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