For the past few months, MGM Resorts International has been focused on selling some of its major Las Vegas properties. One of the venues recently sold was Circus Circus. This week, new plans for Circus Circus were officially revealed to the public.
This isn’t one of the most popular venues in Las Vegas. In recent years, it’s struggled to bring in guests. Today, we’re going to talk about why the property was sold, and what is planned for its future.
Let’s get into it!
Circus Circus Sale Has Been Officially Approved
Circus Circus, located in the northern area of the Las Vegas Strip, is considered by many to be the worst hotel-casino in the city. It opened its doors back in 1968 and has gone through little renovations over the years. MGM Resorts International took control over the property years ago, yet many felt it would eventually be sold.
These predictions turned out to be correct. In November, news broke that MGM Resorts was officially selling Circus Circus. Phil Ruffin agreed to purchase the property for $825 million.
The same month, MGM decided to sell the Bellagio, as well. The Blackstone Group acquired the property for an astounding $4.2 billion. It’s the largest casino-resort sale in the history of Las Vegas. MGM Resorts International will continue to operate the venue and lease it back for $245 million per year.
This week, Nevada’s Gaming Commission officially approved Phil Ruffin’s purchase of this hotel-casino. Tony Alamo, chairman of the commission, is excited to see what Ruffin has in store.
“The property’s tired and kind of needs a new look,” he said. “I’m very excited that you’re going to bring it back to where it was and beyond.”
Ruffin claims he’s fully committed to Las Vegas. He now owns several major properties in this city. Hopefully, he manages to bring new life into Circus Circus.
Plans for Circus Circus Begin to Surface
It’s clear that something needs to change for this property. It’s one of the worst-performing venues in the city. Not many gamblers frequent Circus Circus anymore and fewer people are staying in the hotel every year.
Phil Ruffin is hoping to change this. Today, plans for Circus Circus were officially revealed to the public. Ruffin spoke with regulators and claims he has ideas to significantly improve the hotel-casino for guests.
Ruffin claims he’s interested in adding a massive pool complex to the hotel. It will feature a wave machine, sand machine, and a lazy river water ride.
According to the casino mogul, a brand new 2,000 seat theater will also be constructed here. The casino will undergo a massive renovation and a new sports betting operator will be brought in, too.
These future plans for Circus Circus are extremely exciting. If all goes according to plan, this hotel-casino experience a revival.
The Opening Of Resorts World May Help Circus Circus
The northern area of the Las Vegas Strip has struggled over the years. Not many popular venues are located here. The long-distance from popular venues such as the Cosmopolitan and The Bellagio also make this area somewhat unpopular.
In 2021, Resorts World will officially open in the north area of the Strip. It’s costing more than $4 billion to construct. Based on everything that’s being said, it will be the most impressive casino-resort ever made in Las Vegas.
Once this property opens to the public, the northern area of Las Vegas will improve dramatically. It’s likely to become one of the most popular hotels in the city. Some analysts believe that the opening of this property will help to improve Circus Circus, as well.
Visitors to the city may want to stay in Circus Circus for the cheaper prices while being close to Resorts World. In reality, the new casino-resort will improve this entire area of the city.
More plans for Circus Circus are likely to be revealed soon. Stay tuned for more Las Vegas casino news over the next few months!