57°F
weather icon Mostly Clear

Treasure Island owner may have eyes on The Mirage

Apparently, Treasure Island owner Phil Ruffin still has an active shopping list for properties owned by MGM Resorts International.

Ruffin reportedly wants to buy The Mirage, which is adjacent to Treasure Island.

Ruffin, who is from Kansas, told the Wichita Eagle he discussed a deal with executives from the rival casino operator, the same company that sold him Treasure Island in 2009 for $775 million.

“We approached them, and they don’t have anything on the market,” Ruffin told the Wichita Eagle.

The Mirage, Ruffin said, “hooks onto my casino here. They kind of go together.”

Ruffin also made an offer on MGM Resorts’ Beau Rivage in Biloxi, Miss.

Ruffin couldn’t be reached for comment. A spokeswoman for Treasure Island said Ruffin is not looking at any additional casino acquisitions.

Ruffin told the Wichita Eagle he’s done shopping, for now.

“It’s hard to buy them when they’re not for sale,” Ruffin said. “And you never want to chase a deal. You’ll pay too much when you start.”

THE LATEST
What are the oldest casinos on the Las Vegas Strip?

The Tropicana closure will take out the third-oldest casino on the Strip, whose historic skyline has a tendency to look different every few decades.

When will the Strip see another new hotel-casino?

Experts weigh in on the lending and development outlook as more than 10,000 hotel rooms are in planning and construction phases this year.

 
Shuttered downtown Las Vegas casino up for sale

The historic property, which was closed in 2012, is listed by Logic Commercial Real Estate, which has sold a number of Tony Hsieh’s estate’s properties to its own owner.