Comments on: MGM Mirage Sells Treasure Island

By: Kurt from LA

Kurt from LA — Tue, 23 Dec 2008 01:19:40 +0000

Wonder what the fate of Social House will be? A lot of cash went into that joint and while it doesn’t have the buzz that Yellowtail or Nobu’s has, it’s got a nice ambiance. And while their sushi is average, their Japanese sake list is quite good and makes for a nice place to stop by on trips being that the Venetian has NOTHING and Okada is astoundingly overpriced for its fare. I used to know the sake sommelier at Social House, who’s since gone to Japan and I can vouch for their selection as being created by a well-trained artisan. If you like sake, you’ll enjoy the surprisingly well-selected list of brews there.

By: Bill from Rochester

Bill from Rochester — Tue, 16 Dec 2008 22:46:22 +0000

So it looks like Ruffin, over 19 months, essentially traded New Frontier (sold @ 1.2 B) for TI (775M), _and_ got 400+ million on top. Wow.

From the R-J article: “…the resorts will remain connected by an elevated tram.”.

By: Dan north of Toronto

Dan north of Toronto — Tue, 16 Dec 2008 07:33:08 +0000

This is great news. It will shore up the financials for 2009.

BTW I took a peak at the 2007 statements. Did you know they recorded a #1 billion gain on the sale of 50% of City Ceter to Dubai?

What did they sell in 2008?

Dan

By: GregoryZephyr

GregoryZephyr — Tue, 16 Dec 2008 06:02:41 +0000

This just in: Elad Group announces unsolicited bid to buy Treasure Island from Ruffin even before deal closes with MGM Mirage Corp. Reportedly offers Ruffin $1 Trillion and announces intent to implode the hotel and replace it with a dirt lot.

Those crazy Israeli’s!

By: mike from roseville

mike from roseville — Tue, 16 Dec 2008 05:11:14 +0000

I miss the cold beer and dirty girls

I would have guessed that Harrah’s would have been more desperate to sell something. Maybe he’ll bring decent video poker back to the strip

By: Randy in Vegas

Randy in Vegas — Tue, 16 Dec 2008 04:08:45 +0000

But…how much will it cost to put the bull ride onto the deck of the pirate ship?

By: joe sedita

joe sedita — Tue, 16 Dec 2008 01:06:56 +0000

i just hope they keep Kahunaville.

By: Chris

Chris — Tue, 16 Dec 2008 00:22:23 +0000

Thar be cold grog and dirty wenches. Arr.

By: Mike from Elmwood Park

Mike from Elmwood Park — Mon, 15 Dec 2008 23:20:38 +0000

Wow, that was unexpected. Seems like most speculation about sales was things like Bill’s or Imperial Palace.

I wonder if they’ll keep the tram to Mirage?