Have you ever wondered who owns the storied Treasure Island Casino in Las Vegas? Well, wonder no more!
As the saying goes, the devil is in the details, and the details of this casino’s ownership are nothing if not devilish.
Join us as we take a closer look at the current owner, profits, location, and revenues of this iconic casino.
Key Takeaways
- Treasure Island Casino has gone through several changes in ownership over the years, with Phil Ruffin currently owning the casino since 2010.
- Phil Ruffin has invested over $2 billion in renovating the casino, making it a luxurious and sought-after destination on the Las Vegas Strip.
- The casino offers a range of amenities, including a variety of casino games, bars, restaurants, a hotel, pool area, and spa, making it a complete package for visitors.
- Treasure Island Casino is one of the largest casinos in Las Vegas, spanning over 50,000 sq ft, and it offers a green gaming experience committed to sustainability.
Current Owner: Profits
You may be wondering who currently owns Treasure Island Casino. It has gone through some changes in ownership over the years, so let’s take a look at the historical ownership timeline.
First, the casino was opened in 1984 by the Las Vegas Hilton Corporation.
In 1989, the casino was acquired by Mirage Resorts Incorporated before being sold to Phil Ruffin in 2009.
Ruffin still owns the casino today.
Historical Ownership Timeline
Throughout its history, Treasure Island Casino has been owned by several different companies. Here’s a timeline of the casino’s ownership over the years:
| Date | Owner |
|---|---|
| 1992 | Dawn of Ownership |
| 2005 | Mirage Resorts |
| 2008 | MGM Mirage |
| 2010 | Phil Ruffin |
| 2013 | Expansion Plans |
The casino first opened its doors in 1992, when it was owned by the Sault Tribe of Chippewa Indians. In 2005, Mirage Resorts became the new owner and initiated a major renovation project. Three years later, the property was taken over by MGM Mirage and the renovations were completed. In 2010, Phil Ruffin purchased the casino and began making plans to expand the property. Finally, in 2013, a major expansion project was announced.
The casino has gone through many changes over the years, but it continues to be a popular destination for visitors and locals alike.
About the Casino: Location
Welcome to Treasure Island Casino! Situated in exciting Las Vegas, this casino is an incredible 50,000+ square feet of entertainment.
Not only can you take your chances on all your favorite games, but you can also enjoy the many amenities available, such as shopping and dining.
It’s the perfect place to let loose and have some fun!
Location: Las Vegas
Located in Las Vegas, Treasure Island Casino is one of the most popular casinos in the city. It offers a unique gaming experience, with a range of casino games, bars, and restaurants to choose from.
It also has a luxurious hotel stay, with comfortable rooms, a pool area, and a spa. Visitors can enjoy all the amenities of a world-class casino, combined with the glamour of Vegas.
Treasure Island Casino is owned by Phil Ruffin, a businessman and real estate mogul. He purchased the casino in 2009, and has since invested over $2 billion in its renovation.
The casino is located on the world-famous Las Vegas Strip, and is a popular destination for both tourists and locals. With its stunning views, luxurious amenities, and exciting gaming experience, it’s no wonder Treasure Island Casino is one of the most sought-after casinos in Las Vegas.
Size: Over 50,000 Sq Ft
Spanning over 50,000 sq ft, Treasure Island Casino is one of the largest casinos in Las Vegas. You can feel the excitement in the air. Owned by Phil Ruffin, this luxurious casino offers a variety of entertainment options that will please everyone.
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Games: With the latest games and technology, you can play your favorite slots and tables games all day long.
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Events: From live entertainment to special events, there’s something for everyone at Treasure Island.
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Environment: With a commitment to sustainability, Treasure Island works hard to reduce its environmental impact and offer a green gaming experience.
Treasure Island Casino has all the amenities you could want in a casino and more, making it a great place to visit and have fun.
Amenities: Shopping, Dining
You’ll be pleased to know that Treasure Island Casino offers more than just an impressive gaming selection.
In addition to the wide variety of gaming offerings, the casino offers a plethora of amenities that you can take advantage of.
Whether you’re looking for a bite to eat or a place to do some shopping, the casino has you covered.
With dozens of restaurants and stores to choose from, you can satisfy your cravings and find something special to take home.
Plus, customer service is always on hand to ensure your experience is enjoyable.
The casino truly has it all – gaming, dining, and shopping – so come on in and discover all the fun!
Current Revenues & Profits
Treasure Island Casino is currently generating significant revenues and profits. This gaming industry leader is able to stay ahead of the competition by providing excellent employee benefits, utilizing smart taxation laws, and offering an incredible selection of games. |
| Item | Description |
|---|---|
| Revenues | The casino generates revenues from its gaming services, restaurants, and merchandise sales. |
| Profits | Profits are generated from the amount left over after expenses are paid. |
| Taxes | The casino pays taxes to the local and state governments. |
The casino is owned by the Las Vegas-based company, TI Group, LLC. The company operates several other casino and entertainment properties in the region. TI Group, LLC also owns the adjacent Treasure Island Hotel and Casino, which provides guests with a variety of dining, shopping, and entertainment options. TI Group, LLC is committed to providing its customers with a unique experience, and its revenues and profits reflect that commitment.