Circus Circus Casino and an adjacent 102 acres have been listed for sale by owner Phil Ruffin for $5 billion. Ruffin, who acquired the property for $825 million in 2019, indicates that proceeds could be used for new casino ventures. Opened in 1968, Circus Circus was designed to be family-friendly, featuring a large casino and numerous entertainment options. The sale reflects broader trends in the development of the north Strip, with rising costs reshaping future possibilities for such properties as luxury offerings.
The casino opened in 1968 and was the vision of Jay Sarno, who was also one of the planners behind Caesars Palace.
At $50 million an acre, you'd be hard-pressed to build anything besides a luxury offering, which makes it hard to have a family-oriented facility.
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