Who owns treasure island

Eldorado Resorts, Boyd Gaming and other large casino operators are mum about their possible interest in buying Caesars Entertainment Corp.

In February, Icahn recommended the company consider selling itself as one way to boost shareholder value. Icahn owns 18 percent of Caesars, and its stock currently trades at a discount compared to its peers. Boyd owns casinos in downtown as well as off the Strip on Flamingo and Tropicana.

In March, several media outlets reported that Eldorado explored a merger with Caesars. Large operators like Boyd and Eldorado could offer a higher price than Ruffin because of the greater savings they could generate by merging a Caesars property into their company. We would consider Mr. When the Great Financial Crisis struck Las Vegas a year later, Ruffin was one of the few individuals with heaps of cash on hand.

As a result, property occupancy and cash flows could decline, he said. It would be hard [to maintain cash flows] unless you can cut a deal with them to keep their rewards program. Blackstone spokeswoman Jennifer Friedman was not immediately available for comment.

Caesars has too much debt while MGM will need to borrow billions of dollars to finance development of a resort in Japan. His most recent gaming acquisition was of Casino Miami in Florida, which he purchased for an undisclosed sum in December. The airport handled 45 million passengers last year and occupancy near the airport is about 95 percent, he said. News Sports Share this:. Last Comments 2 Write a comment Write a comment Cancel reply Your email address will not be published.

Jaxon July 5, Related News Articles. Most Popular. Most Commented. Most Read. MGM took over both properties when the company bought Mirage Resorts in Ruffin acquired Treasure Island when MGM was trying to complete the massive CityCenter complex during the heart of the recession and needed the cash. He made his mark in Las Vegas owning the New Frontier, which was closed and imploded in The long-time Wichita, Kan.

We still have units left to sell. Contact reporter Howard Stutz at hstutz reviewjournal. Find him on Twitter: howardstutz. What will he do next? Scott Long was in town with friends for a poker tournament when he hit the jackpot at a Strip resort on Wednesday morning.