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05/03/2019

Treasure Island owner eyeing Caesars’ Las Vegas Strip properties

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

But not Treasure Island owner Phil Ruffin.

The 84-year-old businessman said he would like to get his hands on Caesars Strip properties — which include Caesars Palace, Harrah’s and Paris among others — should activist investor Carl Icahn push for asset sales. Ruffin said he could come up with $1 billion in cash and raise even more in debt for Caesars properties.

Lux Advisors Sales | Property Management
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