Next thing you know, they’ll be building amusement parks and water parks on the strip and marketing it as a family destination. They’re going to ruin Vegas!
]]>Yes I bet you are..LOL
Things are different nowadays. Buying a single resort and running it as a sole owner it’s barely impossible,you need to be part of a large hotel chain to sustain expenses and make sure you have a solid customoer database. Taxes and fixed costs are hard to support and ’80ies and 90’ies consumer money is gone nobody knows how long for . Ruffin got the TI basically for free and as Amber said the guy is just after the money rather than being a true resort man like Adelson or the now gone Wynn. Also nowadays what kind of return can you expect on the Strip ? 5% ? I bet not even that. TI may be worth twice as much what Ruffin paid now and it needs at least another half a million to be brought up to new market standars.
]]>Also side note he is a partner in the trump tower and that place is nice (prob just a investor) but none the less its nicest thing ruffin gots any involvement with lol
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