I normally attempt to keep away from beginning rumor threads. However this one has been circulating across the interwebs for a pair months and despite the fact that I don’t know whether it is based mostly on any actual sources, I did begin fascinated by a few of the issues Ruffin stated when he purchased the property.
The rumor is that he’s going to promote the property so it may be demolished and a elaborate new resort will likely be constructed as a replacement (hopefully in lower than a decade just like the final couple initiatives on that finish of the Strip, lol). No thought if that’s really within the works, however I do recall Ruffin making all types of guarantees when he purchased the place about enhancements and upgrades (new pool deck, new theater, a Cirque present kind NY, and many others.). Apart from passing via the on line casino to take my son to the Halfway, I have never spent any time on this resort for the final seven or eight years. But it surely positive looks as if Ruffin accomplished precisely zero of these promised enhancements.
The again of my mind additionally remembers that he took on a big financial institution word as a part of the acquisition worth and that it’s due quickly (if not already; can not recall for positive). Below these circumstances, together with enhancements on that finish of the Strip opening since his buy (Resorts World and FB), it sort of is sensible to money out now. He hasn’t put a lot cash into the place in 5 years, the economic system has improved, that finish of the Strip has presumably grow to be extra invaluable, and he’s about to owe the financial institution a big chunk of cash. Why negotiate a brand new word when you possibly can simply get cash now. I am undecided what might make CC extra invaluable than it’s now aside from the passage of time (which Ruffin would not have in a big amount).
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