DRich
DRich
Joined: Jul 6, 2012
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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.
Living longer does not always infer +EV
Lovecomps
Lovecomps
Joined: Aug 12, 2018
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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
Joined: Sep 22, 2011
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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
Joined: Sep 26, 2012
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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?
Eater of Worlds
TigerWu
TigerWu
Joined: May 23, 2016
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Thanks for this post from:
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
Joined: Sep 22, 2011
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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
Joined: Sep 22, 2011
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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
Joined: Sep 26, 2012
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Thanks for this post from:
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...
Eater of Worlds
GWAE
GWAE
Joined: Sep 20, 2013
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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
Joined: Jul 6, 2012
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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.
Living longer does not always infer +EV

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