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Owner Of Treasure Island Las Vegas Buys Casino Miami, Hotel Planned

Owner Of Treasure Island Las Vegas Buys Casino Miami, Hotel Planned

Casino Miami (formerly Miami Jai Alai) has been sold to Treasure Island Las Vegas owner Phil Ruffin.

Ruffin, who is a billionaire, intends to develop a hotel on the property, a spokesperson told the Las Vegas Review Journal. Casino Miami is said to have 21 developable acres..

“We plan to bring Las Vegas to Florida,” Ruffin told the Miami Herald.

The purchase price was not disclosed, but the property last sold in  sold in 2014 for $155 million.

Casino Miami is now more valuable after Florida voters passed Amendment 3 last month, which will make expansion of gambling much more difficult, The Ruffin spokesperson said. The amendment was backed by Disney and the Seminole tribe.

There are currently 1,012 slot machines and electronic table games at Casino Miami, with up to 2,000 permitted.

Ruffin also owns 50 percent of Trump International Hotel Las Vegas.

 

 

 

(photo via social media)

 

Treasure Island:

(photo: mark briggs)

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Anonymous
Anonymous

“The amendment was backed by Disney and the Seminole tribe.”

Okay, with Disney I can see why they want to block anything that they think will interfere with their dollar flow.. but isn’t Seminole land sovereign?

A. Nonymous
A. Nonymous

They don’t want more competition.

Anonymous
Anonymous

It’s all a game of who owns the monopoly. Disney obviously wants to keep the money and tourists in Orlando while the rest of the state can rot and why would the Seminoles want to share the only viable gambling venues?

Anonymous
Anonymous

How can the city ok this and not Genting on the bay? They knocked down the Miami Herald building and now the whole lot sits empty. This week they placed horrible looking tents for Art Basil. This lot is one of the most beautiful areas in Miami and Genting would be amazing here. And no, I do not work for them I just live at the Venetia and want the best for my neighborhood.

marc
marc

What is the city OKing here that Genting isn’t. Casino Miami already exists in a particular part of town and is being purchased. Genting bought a place that did not have a casino and want to put a casino there. Nothing is stopping them from building hotels or a resort without a casino.

Anonymous
Anonymous

it would not surprise me if very near future genting somehow buys this venue and moves license to herald property to begin resorts world

Anonymous
Anonymous

Are you kidding? From a business perspective a casino is a lot more profitable than a resort. These people are in it to make the most amount money and I for one really hope they succeed. Having a casino in downtown would be amazing!

Anonymous
Anonymous

It had nothing to do with the city but everything to do with Tallahassee, Disney and Seminole tribe.

Anonymous
Anonymous

NO CASINOS in DWTN

Azarius
Azarius

So with the soccer stuff lol going south of this casino we’re going to see a lot of projects pop in this area. I can see the casino really developing if they can increase the size of the casino and build condos and apartments which would be perfect connecting to 953 and Metro. Probably a hotel as well. But I really believe they should build more workforce and affordable housing for the ppl that will work in the area. As well jus to improve the city.

Azarius
Azarius

Plus access to the Miami River if done right this could be iconic for Miami

Anonymous
Anonymous

The “soccer stuff lol” will not happen if the government of this city has some decency and integrity.

Anonymous
Anonymous

Well, since it doesn’t, I guess it’s going to happen.

Anonymous
Anonymous

so having decency and integrity is ignoring the will of the voters who approved it and keep wasting taxpayers money on a useless golf course.

Anonymous
Anonymous

that area has great potential it is close to an area that will be very hot in a few years which is freedom park and intermodal center the county announced that they’ll listen to bids from developers to build at the intermodal center. a tri rail station can also be built a couple of blocks from the casino.

Anonymous
Anonymous

There is also potential for an orange line infill station on 32nd ave in Melrose Park.

Anonymous
Anonymous

If redevelopment crystallizes in the area, it would be a walkable environment from MIC to the casino.

Anonymous
Anonymous

Pinnacle Plaza is right across the street, so we could at least see more of that kind of stuff.

Anonymous
Anonymous

Jai ALai was the thing to do in Miami back in the 70’s

Anonymous
Anonymous

I did not vote for that

Anonymous
Anonymous

Glad, some one is looking to invest in this area of the city. Live less than 2 miles away and we are all crying for development and change. Our Area which is a bit north of Allapattah (Sub division Melrose Heights) before entering Miami Springs and Hialeah is in need of change. We have all the Pro’s in our favor but developers and specially city/county have been overlooking us for decades. We are within 5-10 minutes of Miami International Airport, Wynwood, Design District and Downtown (with heavy traffic 18 minutes -my commute every morning.) and now the Freedom Park as well as steps from the Miami River and Health District. And at the intersection of folks commuting from Doral and Hialeah/Miami Lakes via 36th Street and Okeechobee. NW 36th Street from Lejeuen/Ochoboee to Nw 22nd Avenue should be lined up with Buildings (Workforce housing included) and floor Retail. Problem is this area is serviced by county. They don’t care to fix roads, add street lighting or invest in improve projects.

Anonymous
Anonymous

to have a casino is to have the worst plague for a city, full of different vices found like illegal prostitution, etc.

Anonymous
Anonymous

Really?.. well somebody better tell the Vice Squad of the city of Miami police department that it’s a waste of taxpayers money.

Anonymous
Anonymous

fortunately Miami doesn’t have any of that today!

Anonymous
Anonymous

Haven’t heard of that place before…

Polo
Polo

We gave up a world first class casino (Genting) and we are stuck with this crap.

Anonymous
Anonymous

Polo, you’ll be able to gamble here till your heart is content.