According to Forbes, Phil Ruffin, the owner of Circus Circus, is considering selling the iconic Strip property that has been in operation for 56 years. The resort was originally built with a focus on attracting families and budget-conscious visitors and is part of Ruffin’s 102-acre land holdings which he estimates could be worth over $5 billion.
In an interview with Forbes, Ruffin described the property as “the best piece of land on the West Coast” due to its prime location near major highways and other popular attractions such as Sahara. He also mentioned that it boasts 2,000 feet of frontage along Las Vegas Boulevard (also known as “The Strip”) making it one of the last remaining undeveloped properties in this highly coveted area. With such a large amount of land at his disposal, Ruffin believes there are endless possibilities for development – even suggesting that you could build an entire city on it.
Aside from owning Circus Circus and Treasure Island resorts in Las Vegas, Ruffin also partnered with Donald Trump to develop Trump International Hotel – a non-gaming hotel located just off The Strip.
Rumors have been circulating about potential buyers showing interest in purchasing Circus Circus from Ruffin but he has not disclosed any specific details about these offers or who they may be coming from. If he does decide to sell this beloved landmark property however,Ruf fin plans to reinvest those funds into acquiring another property within Las Vegas’ bustling real estate market.
