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Phil Ruffin
Phillip Gene Ruffin (born March 14, 1935) is an American businessman. He owns the Treasure Island Hotel and Casino and Circus Circus Las Vegas, Circus Circus Hotel & Casino in Las Vegas, in addition to a number of other enterprises including hotels, casinos, greyhound racing tracks, oil production, convenience stores, real estate, and the world's largest manufacturer of hand trucks. He is also a business partner of former United States President Donald Trump, with whom he co-owns the Trump International Hotel Las Vegas. On the ''Forbes'' 2019 list of the world's billionaires, he was ranked No. 838 with a net worth of United States dollar, US $3.1 billion. Early life and education Ruffin was born in Potter County, Texas, Potter County near Amarillo, Texas, the son of Blanche (née Cohlmia) and Roy J. Ruffin. He is of Lebanese descent (his family's surname was originally "Rufan"). He was raised in Wichita, Kansas where his father had a grocery store. Trump International Towe ...
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Potter County, Texas
Potter County is a county located in the U.S. state of Texas. As of the 2020 census, its population was 118,525. Its county seat is Amarillo. The county was created in 1876 and organized in 1887. It is named for Robert Potter, a politician, signer of the Texas Declaration of Independence, and the Texas Secretary of the Navy. Potter County is included in the Amarillo metropolitan area. History LX Ranch The LX Ranch was established in the county by W.H. "Deacon" Bates and David T. Beals by 1877. In July 1876, Bates, along with some cowboys that included Charlie Siringo, established a herd of steers and ranch headquarters along Ranch Creek on the north bank of the Canadian River. The headquarters eventually included a bunkhouse, kitchen, storeroom, stables, corrals, blacksmith shop, wagon sheds, and a post office named Wheeler. The LX also established the county's first cemetery. The ranch eventually extended from Dumas to the Palo Duro Canyon and 35 miles east to west. By 1884, ...
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Total S
Total may refer to: Mathematics * Total, the summation of a set of numbers * Total order, a partial order without incomparable pairs * Total relation, which may also mean ** connected relation (a binary relation in which any two elements are comparable). * Total function, a partial function that is also a total relation Business * TotalEnergies, a French petroleum company * Total (cereal), a food brand by General Mills * Total, a brand of strained yogurt made by Fage * Total, a database management system marketed by Cincom Systems * Total Linhas Aéreas - a brazilian airline * Total, a line of dental products by Colgate Music and culture * Total (group), an American R&B girl group * '' Total: From Joy Division to New Order'', a compilation album * ''Total'' (Sebastian album) * ''Total'' (Total album) * ''Total'' (Teenage Bottlerocket album) * ''Total'' (Seigmen album) * ''Total'' (Wanessa album) * ''Total'' (Belinda Peregrín album) * ''Total 1'', an annual compilation alb ...
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Slots-A-Fun Casino
Circus Circus Las Vegas is a hotel and casino located on the northern Las Vegas Strip in Winchester, Nevada. It is owned and operated by Phil Ruffin. Circus Circus includes the largest permanent circus in the world. It features circus and trapeze acts, as well as carnival games, at its Carnival Midway. The resort also includes the Adventuredome, an indoor amusement park. Circus Circus was originally owned by Jay Sarno and Stanley Mallin. It opened without a hotel on October 18, 1968. It included a casino on its first floor, while a second floor contained carnival games for children. Circus Circus was the first family-oriented casino in Las Vegas. It struggled financially during its early years, in part because of its lack of a hotel. A 15-story tower, with 409 rooms, was added in 1972. Sarno and Mallin were subsequently investigated for tax code violations and alleged connections with organized crime. In 1974, the casino was leased to Bill Bennett and William Pennington, taking ov ...
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MGM Resorts International
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM. The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincided wi ...
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Fashion Show Mall
Fashion Show is a shopping mall located on the Las Vegas Strip in Paradise, Nevada. It was developed by Summa Corporation and Ernest W. Hahn, the latter also serving as general contractor. Construction began on March 15, 1979, and the project was built at a cost of $74 million. Fashion Show Mall opened on February 14, 1981, becoming the first major shopping center on the Strip. It was also the third mall to open in the Las Vegas Valley. Its success prompted the construction of other retail centers on the Strip, including the Forum Shops. The Rouse Company took over ownership in the 1990s and later launched a $1 billion renovation and expansion, which concluded in 2003. The project included new stores and restaurants, as well as a retractable runway for fashion shows. A plaza along the Strip was also added and includes the Cloud, a steel structure providing shade to pedestrians, while doubling as a nighttime projection surface for advertising. General Growth Properties (now Brookf ...
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Trump International Hotel And Tower (Las Vegas)
The Trump International Hotel Las Vegas is a 64-story hotel, condominium, and timeshare located on Fashion Show Drive in Paradise, Nevada, US, named for owner Donald Trump, who later became US president. It is located down the street from Wynn Las Vegas, behind the former site of the New Frontier Hotel and Casino on , near the Fashion Show Mall, and features both non-residential hotel condominiums and residential condominiums. The exterior glass is infused with gold. Tower 1 opened on March 31, 2008, with 1,282 rooms. It has two restaurants: DJT, the developer's initials, and a poolside restaurant, H2(eau).Jen LeoLas Vegas Trump Tower opens today ''Los Angeles Times'', March 31, 2008. Trump announced that a second, identical tower would be built next to the first tower, but the plan was suspended after the mid-2000s recession. It is Las Vegas's tallest residential building at . In September 2012, the Trump Organization announced that it sold roughly 300 condominium units in Trum ...
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EBITDA
A company's earnings before interest, taxes, depreciation, and amortization (commonly abbreviated EBITDA, pronounced , , or ) is a measure of a company's profitability of the operating business only, thus before any effects of indebtedness, state-mandated payments, and costs required to maintain its asset base. It is derived by subtracting from revenues all costs of the operating business (e.g. wages, costs of raw materials, services ...) but not decline in asset value, cost of borrowing, lease expenses, and obligations to governments. Though often shown on an income statement, it is not considered part of the Generally Accepted Accounting Principles (GAAP) by the SEC and the SEC hence requires that companies registering securities with it (and when filing its periodic reports) reconcile EBITDA to net income. Usage and criticism EBITDA is widely used when assessing the performance of a company. EBITDA is useful to assess the underlying profitability of the operating businesses ...
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MGM Mirage
MGM Resorts International is an American global hospitality and entertainment company operating destination resorts in Las Vegas, Massachusetts, Detroit, Mississippi, Maryland, and New Jersey, including Bellagio, Mandalay Bay, MGM Grand, and Park MGM. The company began operations in 1987 as MGM Grand, Inc. and became MGM Mirage in 2000, after acquiring Mirage Resorts. In the mid-2000s, growth of its non-gaming (lodging, food, retail) revenue began to outpace gaming receipts and demand for high-rise condominiums was surging, with median property prices in Las Vegas twice the national average. The company shifted its focus from owning and operating resorts and casinos to developing and building real estate in the leisure and gaming industry—launching the massive CityCenter mixed-use project, which was at the time of its construction the world's largest construction site and ranks as one of the most expensive real estate projects in history. City Center's development coincided wit ...
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Las Vegas Review-Journal
The ''Las Vegas Review-Journal'' is a daily subscription newspaper published in Las Vegas, Nevada, since 1909. It is the largest circulating daily newspaper in Nevada and one of two daily newspapers in the Las Vegas area. The ''Review-Journal'' has a joint operating agreement with The Greenspun Corporation-owned '' Las Vegas Sun'', which runs through 2040. In 2005, the ''Sun'' ceased afternoon publication and began distribution as a section of the ''Review-Journal''. On March 18, 2015, the sale of the newspaper's parent company, Stephens Media LLC, to New Media Investment Group was completed. In December 2015, casino magnate Sheldon Adelson purchased the newspaper for $140 million via News + Media Capital Group LLC. GateHouse Media, a subsidiary of New Media Investment Group, was retained to manage the newspaper. $140 million was considered a steep price amounting to a 69% gain for New Media Investment Group after owning the newspaper for nine months. History The ''Clark County ...
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El Ad Properties
The El-Ad Group is an Israel-based American real estate development company. The group controls many subsidiaries including Elad Properties, which is based in New York City, Elad Florida and El-Ad Canada, which is based in Toronto, Ontario. Collectively, the El-Ad Group owns many landmarks across North America, including the historic Plaza Hotel, The Grand Madison and the Metropolitan Life Insurance Company Tower in New York City. The El-Ad Group is owned by Yitzhak Tshuva, an Israeli businessman. In May 2007, Elad Properties purchased the New Frontier Hotel and Casino in Las Vegas, Nevada for $1.2 billion. The project went bankrupt, and was halted indefinitely. Subsidiaries Middle East Elad Hotels Ltd. took a controlling interest in the 6-hotel Sheraton Moriah Israel hotel chain. North America Elad Properties is a real estate developer based in New York City, with extensive holdings in the United States, primarily New York City. The flagship property of Elad Properties, New Yo ...
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List Of Las Vegas Casinos That Never Opened
Over the years there have been several casinos and resorts planned for the Las Vegas Valley that never opened. The stages of planning may have been an announcement or groundbreaking. Asia Resort and Casino Before the Palazzo resort was built on the Las Vegas Strip, an Asian themed casino had been proposed for the site. Alon Las Vegas A proposed luxury hotel and casino to be built on the Las Vegas Strip, on the former site of the New Frontier Hotel and Casino. The project was announced in 2015, but was put in doubt after Crown Resorts announced in late 2016 it was suspending its involvement in the development. Crown stated that it was halting the project and seeking to sell its investment. The remaining partner Andrew Pascal announced he was seeking other partners to proceed with the project. However in May 2017, the land went up for sale. It was later purchased by Steve Wynn. Beau Rivage Steve Wynn, who had purchased and demolished the Dunes hotel-casino, had originally planned t ...
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Culinary Workers Union
The Culinary Workers Union, UNITE HERE Local 226 is a local union affiliated with UNITE HERE which operates in the Las Vegas metropolitan area of Nevada. Members include a variety of occupations organized along craft lines working in restaurants, hotels and laundries, in the casinos in the Las Vegas metropolitan area and Reno, as well as Harry Reid International Airport and Valley Hospital Medical Center. While most Culinary members work in casinos, the union does not represent dealers and other employees directly providing gaming services. The union also has a partnership with the Culinary Academy of Las Vegas, which Hattie Canty, the first African-American woman elected to be president of the Culinary Union, was instrumental in organizing. Local 165 of UNITE HERE represents bartenders in Las Vegas although the two locals negotiate contracts in tandem. With 60,000 members, the Culinary is the largest union in the state of Nevada. The union tripled its membership between 1990 an ...
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