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The New York real estate mogul decided to invest and the two built a story, golden glass tower on the Strip, the 1,unit Trump International Hotel. The government shut us down and our people understand that. Trump was his best man. Ruffin met Trump nearly 30 years ago at Trump Tower in Manhattan to cook up a casino-real estate deal. Forbes takes privacy seriously and is committed to transparency. Nor is Ruffin interested in adding the nearby Tropicana to his portfolio, even though it includes a swath of undeveloped land. In , Ruffin invited Trump to dinner in Las Vegas. So, there must be an answer midway: May If Governor Sisolak allows it, Ruffin says he will only open a third of his rooms at first after his properties are thoroughly sanitized and a plan is instituted to keep guests a safe distance from each other at slot machines and in restaurants. As a teenager, he worked for a department store and quit after he was asked to repossess a pet monkey a customer had not paid for. While Ruffin believes that Governor Sisolak did the right thing by closing the Strip at first, he says staying closed much longer will do more damage to the socioeconomic fabric of the city. Ruffin would sooner step up to the plate in Florida, where he already owns a casino near the Miami airport. With no revenue, MGM has enough cash to last about 9 months, while Red Rock can survive almost 14 months before running out of cash. Please help us continue to provide you with free, quality journalism by turning off your ad blocker on our site. The local economy—one third of which is tied to tourism and the hospitality industry—was strong before the shutdown. Update, April 30, Following publication, a spokesperson for Treasure Island emailed to say that the hotel had decided not to use the UV technology when the property reopens. But Ruffin is most excited about the handheld devices that emit ultraviolet light each guest will be allowed to borrow upon check-in. Like President Trump, Ruffin is a real estate guy at heart—nothing gets him more excited than an empty plot of land in a good location. We will never share your email address with third parties without your permission. Besides, given the prolonged pain that Las Vegas citizens and local business are feeling right now, Ruffin believes that all he needs to do is have patience. Hand sanitizer will be available throughout the casinos and every employee will get their temperature checked before each shift and sent home if they appear to be sick. I advised him not to take ownership of it but he kind of had to. As befits a successful casino mogul, Ruffin is known for having the sun shine on him. I am a staff writer on the vices beat, covering cannabis, gambling and more. You may opt out at any time. I'd like to receive the Forbes Daily Dozen newsletter to get the top 12 headlines every morning. Before dropping out of college, he sold his stake in a hamburger joint he built with a classmate and started a chain of convenience store-gas stations in Oklahoma and Kansas. Read Less.

If this is your first time registering, please check your inbox for more information casino rent wichita ks house the benefits of your Forbes account and what you can do next! This is a BETA experience. I have been a staff writer at Inc. Afterwards, Here brought the future president to see a vacant lot he still owned behind the old Frontier and suggested it would be a great location for a new Trump hotel.

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When that task force recommends reopening the country, Phil Ruffin will be looking for that next jackpot. Will Yakowicz. What about sports? Edit Story. Ruffin is as much a fatalist as he is a capitalist. Ruffin has his eye on plenty of dirt these days. The relationship between the two billionaires was forged through business, but it soon became personal. In , Ruffin married Oleksandra Nikolayenko, who is nearly 50 years his junior and a former Miss Ukraine. During a recent city council meeting, Mayor Goodman doubled down on her desire to open the casinos despite having no plan to keep visitors and staff safe. Ruffin was not born rich, but he was born with a knack for parlaying one business into another. We have plenty of cash—I could go 20 years, maybe. Then he would usually call Donald Trump Jr. I believe in the many virtues of vices. And like the guests who visit his properties, he is eager to gamble on an undervalued or underfunded property, much as he did during the Great Recession in , when he bought Treasure Island from a cash-strapped MGM Resorts for less than half its current value. Thank you for signing in. When asked about the last conversation he had with President Trump , Ruffin says he spoke with him last week. While Governor Sisolak ultimately controls when Las Vegas opens back up for business, Ruffin, who is among the business leaders on the president's new economic task force , could certainly lobby his good friend in the White House to lean on the state. I agree to receive occasional updates and announcements about Forbes products and services. The governor did that. Caesars also is allowing employees to use accumulated paid time off. Treasure Island and Circus Circus will continue to cover employee health insurance, something the labor union had to negotiate for its members who work at his properties, but neither business is paying employee salaries during the furlough.