he 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.