MGM in talks to sell Circus Circus to Trump partner in Las Vegas
Monday 23 de September 2019 / 04:08
⏱ 1 min read
(United States).- MGM Resorts International, the largest casino operator on the Las Vegas Strip, is in talks to sell its Circus Circus property there to real estate mogul Phil Ruffin, according to people familiar with the deal.
An accord to sell the resort could be announced as part of a larger transaction involving the company’s real estate portfolio, which also includes the Bellagio and the flagship MGM Grand.
MGM has been restructuring under pressure from activist investors. The company has cut and reorganized management, and previously sold all but four of its wholly owned casinos to MGM Growth Properties Inc., a real estate investment trust it created three years ago.
Bloomberg reports that the firm is engaged in talks relating to the sales of flagship properties Bellagio and MGM Grand to Blackstone Group. CEO Jim Murren has also indicated that it is his intention to disclose the results of a board-level study of the company's real estate by early fall.
Circus Circus, once a property of publicly-traded company Circus Circus Enterprises, is over 50 years old and was acquired by MGM. It is located in the less-trafficked end of the Strip.
Ruffin, meanwhile, has done business with MGM in the past. The real estate mogul bought the Treasure Island casino from the company for $746 million in 2009 when it was trying to raise cash after the financial crisis and to finish the building of its CityCenter project. He spruced things up by adding a western-themed barbeque restaurant and other amenities to target guests from middle America. Prior to that, he partnered with now US President Donald Trump over the Trump International Hotel.
Categoría:Casino
Tags: Sin tags
País: United States
Event
PERU GAMING SHOW – PGS 2026
17 de June 2026
ProntoPaga Consolidates Its Position at Peru Gaming Show 2026
(Lima, SoloAzar Exclusive).- Juan Carlos Loza, Head of Sales Latam at ProntoPaga, spoke exclusively after the company's participation in Peru Gaming Show 2026, highlighting the agreements reached, the interest in their payment solutions, and the expansion plans that will drive their growth across Latin America.
Monday 03 Aug 2026 / 12:00
Enhancing Responsible Gaming Through Effective Training at PGS 2026
(Lima, SoloAzar Exclusive) – Training, prevention, and technology took center stage at the "Value of Responsible Gaming in Gambling Operations" conference during the 2026 Perú Gaming Show (PGS). Presented by Fernando Calderón Castro, President of the National Gaming Society (SONAJA), the session brought industry leaders together to tackle current challenges and explore strategies for safer, more transparent, and sustainable operations.
Wednesday 22 Jul 2026 / 12:00
LSports at the Peru Gaming Show: Building Presence, Opening Doors
(Lima, SoloAzar Exclusive).- The Peru Gaming Show was never just about the booth. For LSports, it was about showing up in a market where showing up still matters — and leaving with more than a contact list. Federico Brancato, Sales Manager for the LATAM Region, came to Lima with a clear sense of what operators in this part of Latin America need most right now. What he found confirmed it.
Friday 17 Jul 2026 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.
