Treasure Island owner Phil Ruffin says he has enough cash to survive 20 years with his casinos closed. Ruffin tells Forbes magazine the COVID-19 outbreak could lead to some real bargains as casino operators break under debts and an uncertain future. And that could mean expansion for Ruffin, who bought the TI from MGM Resorts International for about half of what it’s worth now. He also bought Circus Circus from MGM.
Ruffin is estimated to have $500 million in cash, and an empire worth $3 billion
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