Las Vegas' mogul Phil Ruffin says online casinos to be regulated in US
The US casino tycoon says he doesn't think federal acceptance of online casinos will damage the Las Vegas Strip's business. "I don’t think Internet gambling will hurt the casino industry," says Ruffin. "You can’t go to our shows on the Internet."
Ruffin added that online casinos may actually educate a broader segment of the public about gaming, increasing the size of the gambling market.
He purchased the Treasure Island Casino and Resort from MGM Mirage a year ago, paying about us$ 775 million for Ruffinrip casino. At the time, it was thought the move may have been the first of a series of divestitures by MGM and Harrah's, as debt payments forced the consideration of casino asset sales.
But both companies have managed to Harrah's sales, and retain most of their Vegas casino properties. Ruffin previously owned the New Frontier casino, one of the Strip's venerable properties, which he sold in 2007 to a company which planned to build New York's Plaza Hotel, a project which has since been suspended.
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Wilton Rancheria breaks ground on Sky River hotel resort development
PrizePicks expands motorsports presence through Arrow McLaren IndyCar agreement
Zitro Digital appoints Thiago Valadão as Commercial Director for Brazil
HIPTHER appoints Elena Stepanyatova to lead event content and production across conference portfolio
MGM Resorts posts record first-quarter revenue as profit slips on weaker margins
Riddec Games enters Nirmata Play distribution network through Stargate partnership
Sportsbook integration: Deploying betting widgets at scale
Flows secures Pennsylvania Gaming Control Board authorisation
Racing and Sports partners with Altenar to enhance global racing offering
Wazdan earns triple nominations at AffPapa iGaming Awards 2026 for excellence in slots and branding
