Kansas businessman Phil Ruffin says he expects few changes among the employees of Treasure Island on the Las Vegas Strip after his USD 775 million purchase.
Ruffin says he plans to keep management at the casino-hotel intact, as well as its Cirque du Soleil and pirate shows.
He also says the move won't affect the resort's 3,200 employees, including their seniority, benefits and retirement.
Ruffin, who bought the casino from MGM Mirage in a deal announced earlier this month, says he is not planning to buy any more properties unless credit markets open up. He says he does not want to take on too much debt, but would be willing to take a mortgage on Treasure Island if borrowing rates get better.
The Treasure Island Resort is a luxury hotel, located on the center of the Vegas Strip, next to The Mirage. This beautiful resort offers the highest standards of Las Vegas luxury combined with a fun, whimsical Pirate theme.
Treasure Island - TI Hotel Casino in Las Vegas Nevada USA is the perennial award winning resort on the Las Vegas Strip featuring a contemporary style with high-energy atmosphere. Privately owned by Phil Ruffin, this resort features some of the finest rooms and suites on the Las Vegas Strip available at a great value through the many deals, offers and promotion codes exclusive to Treasure Island - TI Las Vegas.
Relax by the outdoor tropical pool or the elegant spa and salon. Enjoy your choice of ten restaurants, eight bars and lounges, 95,000 sq. ft. of live casino gaming, and the salient Mystère by Cirque du Soleil. Modern meeting space and wedding chapels accommodate Las Vegas events of any kind. Connected by pedestrian bridges to Fashion Show shopping mall and Grand Canal Shoppes as well as a tram to The Mirage and short walking distance to Venetian/Palazzo, Sands Expo and Wynn/Encore.
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