Who Owns Treasure Island Casino in Las Vegas: Unlocking the Secrets of the Pirate-Themed Oasis

Introduction

The shimmering lights of Las Vegas have illuminated the entertainment landscape for decades, captivating visitors from around the world. Amidst the bustling streets and towering casinos, one establishment stands out as an iconic masterpiece: Treasure Island Casino. With its captivating pirate-themed ambiance and thrilling gaming experiences, Treasure Island has become a beloved destination for fortune seekers and thrill enthusiasts alike. But who owns this extraordinary resort, and what lies behind its enigmatic facade? Dive into this comprehensive guide to uncover the secrets of Treasure Island Casino in Las Vegas.

Ownership and Management

Treasure Island Casino is proudly owned and operated by Phil Ruffin, a renowned businessman and philanthropist. Ruffin's entrepreneurial ventures have spanned various industries, including real estate, energy, and entertainment. Through his company, Treasure Island, LLC, Ruffin acquired the casino in 2003 and has since invested heavily in its renovation and expansion.

Under Ruffin's leadership, Treasure Island Casino has undergone a series of transformations, from its grand opening in 1993 to the addition of the Pirate Battle Royale attraction in 2016. Ruffin's unwavering dedication to providing guests with exceptional experiences has earned Treasure Island Casino a reputation for quality, innovation, and unwavering commitment to customer satisfaction.

Historical Background

Treasure Island Casino first set sail on the Las Vegas entertainment scene in 1993, captivating visitors with its unique pirate-themed decor and thrilling gaming offerings. Originally owned by Mirage Resorts, Treasure Island aimed to distinguish itself from other casinos by creating an immersive experience that transported guests to a swashbuckling world of pirates and buried treasure.

Over the years, Treasure Island Casino has undergone several renovations and expansions, each enhancing its offerings and solidifying its position as a premier Las Vegas destination. The addition of the SIRI Tower in 1996 provided guests with panoramic views of the Las Vegas skyline, while the construction of the Venetian and Palazzo hotels expanded the resort's amenities and drew in even more visitors.

Gaming and Entertainment

Treasure Island Casino is renowned for its diverse array of gaming options, catering to all levels of experience and preferences. Guests can immerse themselves in the excitement of slot machines, ranging from classic reels to cutting-edge video slots featuring immersive graphics and interactive bonus rounds.

For table game enthusiasts, Treasure Island offers a wide selection of favorites, including blackjack, craps, roulette, and baccarat. Each table is staffed by experienced dealers who ensure a fair and enjoyable gaming experience.

In addition to its casino offerings, Treasure Island is also home to several thrilling entertainment attractions. The Pirate Battle Royale is an action-packed live show that transports guests to the heart of a pirate battle, complete with sword fights, pyrotechnics, and a cast of talented performers. The Mystère by Cirque du Soleil is another popular attraction, showcasing stunning acrobatics, aerialists, and contortionists in a mesmerizing display of human artistry.

Dining and Nightlife

Treasure Island Casino offers a delectable selection of dining options, ranging from fine dining to casual eateries. The award-winning Phil's Italian Steak House serves up mouthwatering steaks, seafood, and pasta dishes in an elegant setting. For a more casual meal, guests can indulge in the hearty burgers and comfort food at Gilley's Smokehouse or enjoy a quick bite at the Starbucks coffee shop.

Treasure Island's nightlife scene is equally vibrant, boasting several bars and lounges where guests can unwind and socialize. The Pirate's Bar offers a lively atmosphere with live music, while the Lotus of Siam rooftop bar provides stunning views of the Las Vegas skyline.

Hotel and Amenities

The TI Hotel at Treasure Island offers a luxurious retreat for guests seeking a comfortable and convenient stay. The hotel features over 2,800 rooms and suites, each elegantly appointed with modern amenities and thoughtful touches. Guests can enjoy a refreshing dip in the outdoor pool or take advantage of the state-of-the-art fitness center.

Treasure Island Casino also boasts a variety of amenities and services to enhance the guest experience. The resort offers complimentary self-parking and valet parking, as well as a business center, concierge services, and a 24-hour front desk.

Financial Performance

Treasure Island Casino's financial performance has consistently been strong, reflecting its popularity and unwavering commitment to guest satisfaction. According to the Nevada Gaming Control Board, Treasure Island reported a gross gaming revenue of over $360 million in 2022, a significant increase from the previous year. The casino's success is attributed to its diverse gaming offerings, unique attractions, and exceptional customer service.

Industry Recognition and Awards

Treasure Island Casino's excellence has been recognized by the gaming industry and beyond. Over the years, the resort has received numerous awards and accolades, including:

• Five Star Hotel and Resort Award from Forbes Travel Guide
• Best Casino in Las Vegas from Casino Player Magazine
• Best Live Show in Las Vegas from Vegas Seven Magazine
• Best Slot Club from Global Gaming Business Magazine

Tips and Tricks for Maximizing Your Treasure Island Experience

• Join the Treasure Island Rewards Club: Take advantage of exclusive benefits and rewards by signing up for the Treasure Island Rewards Club. Earn points on gaming, dining, and entertainment purchases, and redeem them for free nights, dining credits, and more.
• Take advantage of promotions: Treasure Island Casino frequently offers promotions and discounts on gaming, dining, and attractions. Be sure to check the website or sign up for email updates to stay informed about upcoming offers.
• Book your hotel and activities in advance: Las Vegas is a popular destination, so it's always a good idea to book your hotel room and entertainment tickets in advance, especially if you're visiting during peak season.
• Dress comfortably: While Treasure Island Casino offers fine dining options, you can dress casually for most areas of the resort. Comfortable shoes are recommended, as you'll likely be doing a lot of walking.
• Be aware of your surroundings: As with any large casino, it's important to be aware of your surroundings and take precautions to avoid theft or scams.

Common Mistakes to Avoid

• Not managing your bankroll: It's easy to get caught up in the excitement of gaming, but it's important to set a budget and stick to it. Only bet what you can afford to lose, and don't chase losses.
• Ignoring the loyalty program: The Treasure Island Rewards Club offers valuable benefits, so be sure to join and take advantage of the perks. The points you earn can add up quickly and help you save money on future trips.
• Not taking breaks: Gambling can be a lot of fun, but it's important to take breaks throughout the day. Get up and stretch, or step outside for some fresh air. This will help you stay focused and avoid burnout.
• Drinking too much alcohol: Alcohol can impair your judgment and make you more likely to make mistakes. If you're planning on drinking, do so in moderation.
• Not having a good time: Treasure Island Casino offers a wide range of gaming, dining, and entertainment options. If you're not having fun, try something else. There's something for everyone at Treasure Island.

Why Treasure Island Casino Matters

Treasure Island Casino is more than just another casino in Las Vegas. It's an iconic landmark that has played a significant role in the city's tourism industry. The resort's unique pirate-themed ambiance, thrilling gaming experiences, and award-winning attractions have made it a beloved destination for visitors from around the world.

In addition to its economic contributions, Treasure Island Casino is also a major employer in the Las Vegas area. The resort provides jobs for thousands of people, supporting families and contributing to the local economy.

Furthermore, Treasure Island Casino is committed to corporate social responsibility. The resort supports a variety of charitable organizations and initiatives, giving back to the community and making a positive impact on the lives of others.

Conclusion

Treasure Island Casino in Las Vegas stands as a testament to the vision and dedication of its owner, Phil Ruffin. Through its captivating pirate-themed atmosphere, diverse gaming options, thrilling entertainment, and exceptional guest service, Treasure Island has earned its place as a premier destination for visitors from around the world. Whether you're seeking a night of gaming excitement, a memorable dining experience, or a unique entertainment spectacle, Treasure Island Casino offers an unforgettable experience that will leave you longing for the next treasure hunt.

Additional Information

• Website: https://www.treasureisland.com/
• Address: 3300 S Las Vegas Blvd, Las Vegas, NV 89109
• Phone: (702) 894-7111

Tables

Table 1: Ownership and Management of Treasure Island Casino

Table 2: Financial Performance of Treasure Island Casino

Table 3: Awards

Who Owns Treasure Island Casino in Las Vegas: An In-Depth Exploration

Treasure Island Hotel and Casino, a renowned landmark on the Las Vegas Strip, has a captivating ownership history that has witnessed several significant changes over the years. From its humble beginnings to its present opulent grandeur, Treasure Island has undergone a series of transformations that have shaped its identity as a premier gaming and entertainment destination.

The Birth of Treasure Island

The concept of Treasure Island emerged in the early 1990s, envisioned by the renowned developer Kirk Kerkorian. Kerkorian, known for his groundbreaking projects such as the MGM Grand Hotel and Casino, sought to create a one-of-a-kind resort experience that would transport guests to a legendary world of pirates, adventure, and thrilling entertainment.

In 1993, Kerkorian's vision became a reality with the grand opening of Treasure Island Hotel and Casino. The property, designed by renowned architect Joel Bergman, featured a distinctive castle-like design, complete with a moat and a pirate ship battling at its center. It quickly gained recognition for its immersive atmosphere, cutting-edge gaming facilities, and spectacular live entertainment productions.

Change of Ownership

In 2000, a major transition occurred when MGM Grand Inc. acquired Treasure Island Hotel and Casino along with other properties owned by Kerkorian's company, MGM Mirage. This strategic move was part of MGM Grand's expansion strategy to consolidate its position as a leading player in the Las Vegas gaming industry.

Under MGM Grand's ownership, Treasure Island underwent significant renovations and upgrades aimed at enhancing the guest experience. The property's gaming areas were expanded, new dining options were introduced, and the entertainment offerings were further amplified.

Current Ownership: A Joint Venture

In 2022, another significant ownership change occurred when MGM Resorts International (formerly known as MGM Grand Inc.) and Vici Properties Inc. formed a joint venture to acquire the real estate assets of Treasure Island Hotel and Casino. MGM Resorts International retained ownership of the operating company, while Vici Properties acquired the property's real estate assets.

This joint venture structure has allowed MGM Resorts International to continue operating Treasure Island Hotel and Casino while Vici Properties handles the property's real estate management and development. It has also provided MGM Resorts International with additional financial flexibility and resources to continue investing in the property's future enhancements.

Treasure Island Casino: A Leading Gaming Destination

Treasure Island Casino has consistently ranked among the premier gaming destinations in Las Vegas, offering a wide range of gaming options to suit every taste. The casino floor boasts:

• Over 1,100 slot machines, including the latest video slots and progressive jackpots
• 60 table games, featuring blackjack, roulette, craps, and baccarat
• A dedicated poker room with cash games and tournaments
• A sportsbook offering live betting and a comfortable viewing area
• A high-limit gaming area for discerning players

The casino also offers a loyalty program, M Life Rewards, which allows guests to earn points towards exclusive rewards and benefits. With its diverse gaming options, attentive service, and luxurious ambiance, Treasure Island Casino caters to the needs of both casual and experienced gamblers.

Live Entertainment and Attractions

Beyond gaming, Treasure Island Hotel and Casino is renowned for its captivating live entertainment and attractions. The property is home to:

• "Mystère" by Cirque du Soleil: A breathtaking acrobatic and theatrical production that has captivated audiences for over 25 years.
• "Sirens of TI": A sizzling cabaret show featuring aerialists, dancers, acrobats, and live music.
• The Pirate Ship Battle: A nightly spectacle on the moat outside the hotel, featuring cannons, lasers, and a clash between pirate ships.
• The Adventuredome: An indoor amusement park with thrill rides, arcade games, and a laser tag arena.

These attractions have become synonymous with Treasure Island Hotel and Casino, drawing visitors from around the world who seek unforgettable entertainment experiences.

Awards and Recognition

Treasure Island Hotel and Casino has consistently been recognized for its excellence in gaming and entertainment. Some of its notable awards include:

• AAA Four Diamond Award: Awarded annually to recognize exceptional service and amenities.
• Forbes Travel Guide Four-Star Award: Acknowledged for its luxurious accommodations and outstanding service.
• Casino Player Magazine's Best of Gaming Awards: Consistently ranked among the top casinos in Las Vegas for its gaming options and player experience.
• TripAdvisor Travelers' Choice Award: A testament to the positive reviews and high customer satisfaction.

These accolades are a testament to the dedication and hard work of the Treasure Island team in providing guests with an extraordinary and memorable experience.

Table 1: Key Ownership Timeline of Treasure Island Hotel and Casino

| Year | Owner |
|---|---|---|
| 1993 | MGM Mirage (Owned by Kirk Kerkorian) |
| 2000 | MGM Grand Inc. |
| 2022 | Joint venture between MGM Resorts International and Vici Properties Inc. |

Table 2: Gaming Options at Treasure Island Casino

| Category | Offerings |
|---|---|---|
| Slot Machines | Over 1,100 slot machines, including video slots and progressive jackpots |
| Table Games | Blackjack, roulette, craps, baccarat, and more |
| Poker Room | Cash games and tournaments |
| Sportsbook | Live betting and comfortable viewing area |
| High-Limit Gaming | Dedicated area for discerning players |

Table 3: Live Entertainment and Attractions at Treasure Island Hotel and Casino

| Attraction | Description |
|---|---|---|
| "Mystère" by Cirque du Soleil | Acrobatic and theatrical production |
| "Sirens of TI" | Cabaret show featuring aerialists, dancers, and live music |
| The Pirate Ship Battle | Nightly spectacle featuring cannons, lasers, and a clash between pirate ships |
| The Adventuredome | Indoor amusement park with thrill rides, arcade games, and laser tag arena |

Effective Strategies for Success

Treasure Island Hotel and Casino has implemented several effective strategies to maintain its position as a top-tier gaming and entertainment destination in Las Vegas. These strategies include:

• Continuous Investment: Regular upgrades to the property's gaming facilities, amenities, and entertainment offerings ensure that Treasure Island remains competitive and meets the changing demands of its guests.
• Exceptional Customer Service: A team of dedicated and well-trained staff members provides exceptional service and hospitality, creating a welcoming and memorable experience for every guest.
• Strategic Partnerships: Collaborations with leading entertainment providers such as Cirque du Soleil and others enhance Treasure Island's entertainment lineup and provide guests with exclusive experiences.
• Loyalty Programs: The M Life Rewards program rewards guests for their loyalty and provides valuable benefits and incentives, fostering repeat visits and long-term relationships.
• Community Involvement: Treasure Island actively supports local charities and organizations, contributing to the community and building a positive reputation.

By implementing these strategies effectively, Treasure Island Hotel and Casino continues to attract and retain guests, drive revenue, and maintain its reputation as a premier gaming and entertainment destination.

Comparison of Pros and Cons

Like any establishment, Treasure Island Hotel and Casino has its advantages and disadvantages to consider.

Pros:

• Prime Location: Situated on the iconic Las Vegas Strip, Treasure Island offers easy access to other attractions, restaurants, and entertainment venues.
• Wide Range of Gaming Options: The casino floor caters to players of all levels and preferences with a diverse selection of slots, table games, and poker.
• Captivating Live Entertainment: The property is home to renowned shows such as "Mystère" by Cirque du Soleil and "Sirens of TI," providing guests with unforgettable entertainment experiences.
• Luxurious Amenities: The hotel offers spacious and well-appointed rooms, multiple dining options, and a relaxing spa, ensuring a comfortable and indulgent stay.
• Strong Reputation: Treasure Island Hotel and Casino has earned numerous awards and accolades for its exceptional service, gaming offerings, and entertainment, solidifying its position as a leading destination in Las Vegas.

Cons:

• High Prices: The hotel and casino amenities come with a premium price tag, making it a more expensive option for budget-conscious travelers.
• Crowds: The popularity of Treasure Island can result in large crowds, particularly during peak season and weekends, which may impact the overall experience.
• Limited Non-Gaming Amenities: While the property has a small amusement park and a few shops, it offers fewer non-gaming amenities compared to some of the larger resorts in Las Vegas.
• Smoking Allowed: Smoking is permitted in designated areas of the casino floor, which may not be ideal for non-smokers or individuals sensitive to second-hand smoke.
• Parking Costs: Self-parking and valet parking at the hotel come with additional fees, which can add to the overall expenses.

FAQs

1. Does Treasure Island Hotel and Casino offer free parking?
- No, self-parking and valet parking incur additional fees.

2. What is the minimum age to gamble at Treasure Island Casino?
- The minimum age to gamble is 21 years old.

3. Is the Pirate Ship Battle show free to watch?
- Yes, the Pirate Ship Battle show is a complimentary spectacle that takes place outside the hotel on the moat.

4. Does Treasure Island Hotel and Casino have a pool?
- Yes, the hotel features an outdoor pool area for guests to enjoy.

**5. What are the check-in and check-out times