Phil Ruffin is looking for a new casino to buy
12/27/2010 3:55 PM
12/27/2010 4:25 PM
WICHITA — GamingToday.com last week reported that Treasure Island owner Phil Ruffin may want to buy the adjacent Mirage hotel and casino.
The publication couldn't reach Ruffin, but Have You Heard? did.
"We approached them, and they don't have anything on the market," Ruffin says of Mirage owner MGM International Resorts.
He wants the Mirage in part because of its proximity to his property.
"Well, it hooks onto my casino here," he says. "They kind of go together."
He also made an offer on the Beau Rivage hotel and casino in Biloxi, Miss., which MGM also owns.
Ruffin says he likes MGM's properties — the company sold him Treasure Island in 2008 — but he's not pursuing them any further for now.
"It's hard to buy them when they're not for sale," he says. "And you never want to chase a deal. You'll pay too much when you start."
Still, Ruffin is interested in buying another casino, and he says he has the money to do it.
"We're always interested in expansion," he says. "We're just going to bide our time.
"At some point, we will pick up another casino down the road."
So how many is he legally allowed to own?
"As many as you can afford, you can have 'em."