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The owner of Las Vegas' Treasure Island and Donald Trump's best friend, says he has enough cash to keep his casinos closed for 20 years.


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ARTISTS' PERSPECTIVE As for the artists, they give casino showrooms high marks. "Casinos have probably been our best friends for the past five years," says​.


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My other “best friend” made sure that I found out what was going on by “​accidentally” driving me past the house where the two of them were cohorting. I was only.


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“You know I had a good plan that you screwed up,” he complained, drawing “​Were I the total douche who bought my best friend's casino without telling her.


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Jupiters Casino,” he replied softly, ducking his head as if he expected I would hurl a A neighbour, who was also our good friend, was to take care of our dogs.


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TH2 VS BEST FRIENDS - AEW DARK - 2/12/20 AUSTIN, TX

But Ruffin is most excited about the handheld devices that emit ultraviolet light each guest will be allowed to borrow upon check-in. With no revenue, MGM has enough cash to last about 9 months, while Red Rock can survive almost 14 months before running out of cash. While Governor Sisolak ultimately controls when Las Vegas opens back up for business, Ruffin, who is among the business leaders on the president's new economic task force , could certainly lobby his good friend in the White House to lean on the state. Please help us continue to provide you with free, quality journalism by turning off your ad blocker on our site. The relationship between the two billionaires was forged through business, but it soon became personal. I have been a staff writer at Inc. As befits a successful casino mogul, Ruffin is known for having the sun shine on him. I advised him not to take ownership of it but he kind of had to. Afterwards, Ruffin brought the future president to see a vacant lot he still owned behind the old Frontier and suggested it would be a great location for a new Trump hotel. This is a BETA experience. All Rights Reserved.{/INSERTKEYS}{/PARAGRAPH} When that task force recommends reopening the country, Phil Ruffin will be looking for that next jackpot. The governor did that. I am a staff writer on the vices beat, covering cannabis, gambling and more. Read Less. We have plenty of cash—I could go 20 years, maybe. What about sports? Trump was his best man. While Ruffin believes that Governor Sisolak did the right thing by closing the Strip at first, he says staying closed much longer will do more damage to the socioeconomic fabric of the city. The local economy—one third of which is tied to tourism and the hospitality industry—was strong before the shutdown. Thank you for signing in. And like the guests who visit his properties, he is eager to gamble on an undervalued or underfunded property, much as he did during the Great Recession in , when he bought Treasure Island from a cash-strapped MGM Resorts for less than half its current value. Before dropping out of college, he sold his stake in a hamburger joint he built with a classmate and started a chain of convenience store-gas stations in Oklahoma and Kansas. Nor is Ruffin interested in adding the nearby Tropicana to his portfolio, even though it includes a swath of undeveloped land. Like President Trump, Ruffin is a real estate guy at heart—nothing gets him more excited than an empty plot of land in a good location. Edit Story. We will never share your email address with third parties without your permission. So, there must be an answer midway: May If Governor Sisolak allows it, Ruffin says he will only open a third of his rooms at first after his properties are thoroughly sanitized and a plan is instituted to keep guests a safe distance from each other at slot machines and in restaurants. You may opt out at any time. Hand sanitizer will be available throughout the casinos and every employee will get their temperature checked before each shift and sent home if they appear to be sick. Ruffin met Trump nearly 30 years ago at Trump Tower in Manhattan to cook up a casino-real estate deal. I agree to receive occasional updates and announcements about Forbes products and services. Forbes takes privacy seriously and is committed to transparency. I believe in the many virtues of vices. Treasure Island and Circus Circus will continue to cover employee health insurance, something the labor union had to negotiate for its members who work at his properties, but neither business is paying employee salaries during the furlough. When asked about the last conversation he had with President Trump , Ruffin says he spoke with him last week. Update, April 30, Following publication, a spokesperson for Treasure Island emailed to say that the hotel had decided not to use the UV technology when the property reopens. Besides, given the prolonged pain that Las Vegas citizens and local business are feeling right now, Ruffin believes that all he needs to do is have patience. Then he would usually call Donald Trump Jr. In , Ruffin married Oleksandra Nikolayenko, who is nearly 50 years his junior and a former Miss Ukraine. Ruffin has his eye on plenty of dirt these days. The government shut us down and our people understand that. Ruffin would sooner step up to the plate in Florida, where he already owns a casino near the Miami airport. As a teenager, he worked for a department store and quit after he was asked to repossess a pet monkey a customer had not paid for. Ruffin was not born rich, but he was born with a knack for parlaying one business into another. {PARAGRAPH}{INSERTKEYS}If this is your first time registering, please check your inbox for more information about the benefits of your Forbes account and what you can do next! Caesars also is allowing employees to use accumulated paid time off. Ruffin is as much a fatalist as he is a capitalist. During a recent city council meeting, Mayor Goodman doubled down on her desire to open the casinos despite having no plan to keep visitors and staff safe. The New York real estate mogul decided to invest and the two built a story, golden glass tower on the Strip, the 1,unit Trump International Hotel. I'd like to receive the Forbes Daily Dozen newsletter to get the top 12 headlines every morning. In , Ruffin invited Trump to dinner in Las Vegas. Will Yakowicz.