![]() Ruffin.”Īccording to the Tuesday statement, the sale is part of MGM’s “asset-light strategy” meant to maximize value for shareholders. MGM CEO Jim Murren told the Review-Journal that Circus Circus was “not strategic to our long-term vision” and that Ruffin “has some ambitious plans” for the north Strip resort, though he did not specify what the new owner has in mind.Īsked what will happen to the resort’s employees, Murren said they “will become employees of Mr. ![]() ![]() The multi-use entertainment venue sits on the southwest corner of Las Vegas Boulevard and Sahara Avenue. 12 for Ruffin to buy the hotel-casino, along with the Las Vegas Festival Grounds parcel. The Las Vegas Review-Journal reported on the sale last month, after sources revealed that Ruffin and MGM had reached a handshake agreement on Sept. The transaction is expected to close by the end of the year, and includes the 5-acre Adventuredome amusement park, a 10-acre RV park and 37-acre festival grounds. MGM Resorts International on Tuesday announced the sale of the family-friendly property to the owner of TI for $825 million. (Michael Quine/Las Vegas Review-Journal) owner Phil Ruffin is the new ringmaster of Circus Circus. An aerial photo Circus Circus on Friday, October 4, 2019.
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