Phil Ruffin's $5 Billion Circus Circus Sale Plans

Billionaire Phil Ruffin is considering selling the iconic Circus Circus casino on the Las Vegas Strip, valued at $5 billion, primarily for its 102 acres of prime real estate. Despite initial plans for a $60 million renovation, including a sand-bottom pool and a 2,000-seat theater, the property has seen minimal updates since Ruffin's 2019 purchase. Positioned in a less bustling area of the Strip, Circus Circus caters to budget travelers with room rates as low as $38 per night. Ruffin has indicated interest from potential buyers and plans to use the sale proceeds to acquire another property, possibly on the Strip. His strategy mirrors previous successful ventures, such as purchasing and selling the Frontier for a significant profit. The sale could mark a transformative period for the northern Las Vegas Strip, especially with developments like a proposed NBA arena nearby.