Phil Ruffin bought Circus Circus in 2019 from MGM Resorts International for $825 million

. He is a billionaire real estate mogul who also owns Treasure Island Las Vegas and 50% of Trump International Las Vegas

. Ruffin acquired Circus Circus primarily for its prime 102-acre real estate on the north end of the Las Vegas Strip, which he values at about $5 billion as of 2025

. He has announced plans to sell Circus Circus to pursue other investment opportunities, including possibly acquiring a larger property on the Strip