Results 1 to 2 of 2

Thread: Circus Circus sold to TI Owner Ruffin for $825M

  1. #1
    Gold ftpjesus's Avatar
    Reputation
    315
    Join Date
    Mar 2012
    Location
    Mesa AZ
    Posts
    2,418

    Circus Circus sold to TI Owner Ruffin for $825M

    On the heel of the sale of the Rio recently MGM has unloaded Circus Circus. CC is one of the oldest properties on the strip having been built in 1968. Most of the deal is in the form of cash totaling 662.5 closing by end of 2019 and a financed balance of $162.5M due in 2024. Will be interesting to see what MGM does with this infusion of cash on their books at years end and on a side note are we seeing the slow rise of a third serious player on the strip to potentially compete with MGM and Ceasers over the next 10years especially if Ruffin continues his acquisitions. (Makes me wonder if he was trying to get the RIO and failed and CC was his fall back plan)
    <This Ad Space for Rent or Sale>

  2. #2
    Owner Dan Druff's Avatar
    Reputation
    4687
    Join Date
    Mar 2012
    Posts
    32,865
    Blog Entries
    2
    They also "sold" Bellagio, but they will continue to operate it, as has become increasingly common these days. Unlike the recent sales of the Rio and Circus Circus, Bellagio should remain MGM-operated for many years to come.

    https://www.bloomberg.com/news/artic...-in-lease-back


    Also, here's the article about Circus Circus, sold for $825 million (and not leased back): https://www.bloomberg.com/news/artic...or-825-million

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Circus Circus University of Reno
    By Dan Druff in forum Casinos & Las Vegas
    Replies: 7
    Last Post: 09-14-2019, 03:00 PM
  2. Replies: 1
    Last Post: 08-01-2019, 05:09 AM
  3. I'm just not sold on the European union.
    By sonatine in forum Flying Stupidity
    Replies: 74
    Last Post: 05-07-2017, 06:15 PM
  4. Full flush sold!!
    By thesparten in forum Scams, Scandals, and Shadiness
    Replies: 7
    Last Post: 03-16-2017, 08:45 PM
  5. Pokerstars to be sold?
    By shortbuspoker in forum Flying Stupidity
    Replies: 7
    Last Post: 06-14-2014, 09:26 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •