{"id":257,"date":"2025-01-20T12:54:32","date_gmt":"2025-01-20T13:54:32","guid":{"rendered":"https:\/\/sciencexperiments.com\/?p=257"},"modified":"2025-01-24T18:10:49","modified_gmt":"2025-01-24T18:10:49","slug":"close-trump-ally-planning-to-sell-iconic-las-vegas-casino-and-buy-another-strip-property","status":"publish","type":"post","link":"https:\/\/sciencexperiments.com\/index.php\/2025\/01\/20\/close-trump-ally-planning-to-sell-iconic-las-vegas-casino-and-buy-another-strip-property\/","title":{"rendered":"Close Trump Ally Planning to Sell Iconic Las Vegas Casino and Buy Another Strip Property"},"content":{"rendered":"<div style=\"margin-top: 0px;margin-bottom: 0px\" class=\"sharethis-inline-share-buttons\"><\/div>\n<p>Phil Ruffin, a close friend of soon-to-be US President Donald Trump, has outlined his plans to sell the Circus Circus casino in Las Vegas. He explained in an interview with <em>Forbes<\/em>, deeming the 102-acre real estate the property sits on the \u201cbest piece of land on the West Coast,\u201d as it is beside the highway and encompasses a major position on the Strip.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>bought the resort in October 2019 for $825m and believes it is now worth $5bn<\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/www.vegasslotsonline.com\/news\/2019\/10\/16\/mgm-resorts-sells-two-las-vegas-casinos-for-5-billion\/\">Ruffin bought the resort in October 2019 for $825m<\/a> from MGM Resorts and believes it is now worth $5bn. The 88-year-old said he has had inquiries from several potential buyers, emphasizing how the investment is a \u201cland play\u201d rather than a gambling-related project.<\/p>\n<p>After selling the Circus Circus, the billionaire intends to purchase another Strip resort, as this will help him avoid a big capital gains tax bill.<\/p>\n<p>Ruffin has a long history in the gambling sector, most notably when he purchased the Frontier (now a Wynn Resorts-owned vacant site) for $165m when the <a href=\"https:\/\/www.vegasslotsonline.com\/news\/2023\/09\/27\/remembering-las-vegass-six-year-strike-as-workers-threaten-to-walk-out-again\/\">owners were embroiled in a long-running dispute with workers<\/a>. Ruffin resolved the matter and flipped it for $1.2bn less than a decade later.<\/p>\n<p>He\u2019s also in the middle of developing a casino in his hometown in Kansas, with the $200m investment transforming a former greyhound racetrack into The Golden Circle gambling facility.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/www.vegasslotsonline.com\/news\/2025\/01\/20\/close-trump-ally-planning-to-sell-iconic-las-vegas-casino-and-buy-another-strip-property\/\">Close Trump Ally Planning to Sell Iconic Las Vegas Casino and Buy Another Strip Property<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/www.vegasslotsonline.com\/news\">Vegas Slots Online News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Phil Ruffin, a close friend of soon-to-be US President Donald Trump, has outlined his plans to sell the Circus Circus [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino"],"_links":{"self":[{"href":"https:\/\/sciencexperiments.com\/index.php\/wp-json\/wp\/v2\/posts\/257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sciencexperiments.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sciencexperiments.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sciencexperiments.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sciencexperiments.com\/index.php\/wp-json\/wp\/v2\/comments?post=257"}],"version-history":[{"count":1,"href":"https:\/\/sciencexperiments.com\/index.php\/wp-json\/wp\/v2\/posts\/257\/revisions"}],"predecessor-version":[{"id":258,"href":"https:\/\/sciencexperiments.com\/index.php\/wp-json\/wp\/v2\/posts\/257\/revisions\/258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sciencexperiments.com\/index.php\/wp-json\/wp\/v2\/media\/237"}],"wp:attachment":[{"href":"https:\/\/sciencexperiments.com\/index.php\/wp-json\/wp\/v2\/media?parent=257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sciencexperiments.com\/index.php\/wp-json\/wp\/v2\/categories?post=257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sciencexperiments.com\/index.php\/wp-json\/wp\/v2\/tags?post=257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}