DRich
DRich
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September 16th, 2019 at 2:45:19 PM permalink
The rumor on the street is that MGM has sold Circus Circus. We might not hear anything official for a few weeks if it is true.
At my age, a "Life In Prison" sentence is not much of a deterrent.
Lovecomps
Lovecomps
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September 16th, 2019 at 2:51:41 PM permalink
It was me. I had five bucks that wasn't doing anything.
The best things in life are not free.
Boz
Boz
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September 16th, 2019 at 2:53:22 PM permalink
Vital Vegas has pushed this and has says it’s one of 4 potential buyers.

Phil Ruffin from TI, who tripled his money selling Frontier and buying TI on the cheap. (My Guess)

Golden, who owns PT’s and the Strat, and has become a huge player out of nowhere.


The other 2 including Boyd’s make no sense.
ams288
ams288
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September 16th, 2019 at 3:02:00 PM permalink
I thought Circus Circus was a cash cow for MGM. Why sell it?
Ding Dong the Witch is Dead
TigerWu
TigerWu
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Ayecarumba
September 16th, 2019 at 3:10:25 PM permalink
My sucker bet:

Genting bought it and will demolish to make room for a Resorts World expansion.
Boz
Boz
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September 16th, 2019 at 3:16:35 PM permalink
Quote: ams288

I thought Circus Circus was a cash cow for MGM. Why sell it?



And that is the question of the day.
Boz
Boz
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September 16th, 2019 at 3:17:20 PM permalink
Quote: TigerWu

My sucker bet:

Genting bought it and will demolish to make room for a Resorts World expansion.



They already cut from one tower from 2, long shot.
ams288
ams288
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Boz
September 18th, 2019 at 5:13:53 PM permalink
Vital Vegas tweeted earlier that the Circus Circus owner “speculation” would end today and now he’s tweeting lots of random factoids about Phil Ruffin...
Ding Dong the Witch is Dead
GWAE
GWAE
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September 19th, 2019 at 5:46:33 AM permalink
Quote: ams288

Vital Vegas tweeted earlier that the Circus Circus owner “speculation” would end today and now he’s tweeting lots of random factoids about Phil Ruffin...



just came here to post that.
So on the current podcast that I am listening to Scott says he can not say who the buyer is but he knows. He then says it is not one of the big guys but it is a known player.
He lists a bunch of people that it is not. He mentions that he has to figure out a way to tell who the buyer is without saying who it is.

5 minutes later he is talking about Oyo. He said they are an unknown player unlike someone say like Phil Ruffin who is a known player.

Almost guaranteed that it is him.
Expect the worst and you will never be disappointed. I AM NOT PART OF GWAE RADIO SHOW
DRich
DRich
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September 19th, 2019 at 7:30:22 AM permalink
My question would be is Ruffin going to put much money into remodelling or is it strictly a real estate play. I would guess real estate play because once Resort World opens and the convention center expansion is complete, that corner should be worth quite a bit more.
At my age, a "Life In Prison" sentence is not much of a deterrent.
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