![]() ![]() The REIT will own the casinos and lease the properties back to MGM to operate them. 29 that The Mirage would be one of 10 company-owned resorts included in MGM Growth Properties, a publicly traded real estate investment trust being created by the casino giant. “We don’t have any interest in The Mirage now because we don’t pay rent.” “They turned it down and decided to go with this REIT,” Ruffin said. Ruffin, 80, who acquired the 2,885-room Treasure Island from MGM in 2009 for $775 million, has long been interested in the resort. 10, 2015.Jeff Scheid/ Las Vegas Review-Journal Follow Island owner Phil Ruffin said Tuesday he offered $1.3 billion last month to buy The Mirage, but the neighboring casino’s owner, MGM Resorts International, rejected the deal. ![]() People ride the tram from Treasure Island to The Mirage on Tuesday, Nov. ![]()
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