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MGM Mirage Gets $775M for Treasure Island

Phil Ruffin buys 2,885 room hotel/casino for $268,631 per room
By Jonathan Elkaim
March 20, 2009 | 8:21 P.M.

Phil Ruffin of Ruffin Cos. bought the Treasure Island Hotel and Casino in Las Vegas for $775 million, or $268,631-per room. The billionaire investor entered into an agreementwith seller MGM Mirage back in December.

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