Phil Ruffin, A Billionaire And Owner Of Casino And A Great Poker Fanatic Bought A Casino In Miami

Phil Ruffin, A Billionaire And Owner Of Casino And A Great Poker Fanatic Bought A Casino In Miami

A well-known billionaire and casino owner named Phil Ruffin is going to purchase the Casino Miami, which has a jai alai fronton with electronic table games and simulcast betting. Phil Ruffin often remains in news for his love towards poker and is also known as poker enthusiast, he is 83 years old and is also the owner of a hotel in Treasure Island and a Casino, and is working on a project to add one more hotel to an area of 21-acres of land where the 200,000 square feet casino is situated. He is trying to do this in order to bring a little bit of Vegas to Florida (south).

While interacting with the reporters he told them that “I have a motive of entering the gaming market of Miami by buying this casino, and we have many exciting plans in our mind for this Casino that we will disclose in the upcoming days.” Although he has not revealed the price of purchase, it is going to be very high considering the fact that last time the property was for 155 million USD in the year 2014. The gaming facility will be situated in a prime location as it is very near from the International Airport of Miami and Ruffin is planning to spruce it up, however, the license for gaming can be the main problem and can change the result of the deal. And it will be an uphill task for Phil to obtain the license because in the last month of November, a campaign initiated from Disney and the Tribe of Seminole, which also operates the Casino and Hard Rock Hotel, the voters in a referendum decided to take the possession and control of the legislation of casino, which have made it almost impossible for the expansion of gambling in that state.

Comments are closed.