This website is owned and operated by DK Las Vegas, LLC, a Nevada-based real estate sales company. We operate this website as well as those of our affiliated properties that are all located in the United States. Those websites include https://theonelv.com, https://ogdenlv.com, and https://juhllv.com. DK Las Vegas takes your privacy very seriously. We are committed to protecting and safeguarding the privacy of visitors to our websites including mobile versions of our websites. If you have any questions, comments, or requests regarding this policy or the information practices of DK Las Vegas, please contact us using the contact information below. This website is owned and operated by DK Las Vegas, LLC, a Nevada-based real estate sales company. We operate this website as well as those of our affiliated properties that are all located in the United States. Those websites include https://theonelv.com, https://ogdenlv.com, and https://juhllv.com. DK Las Vegas takes your privacy very seriously. We are committed to protecting and safeguarding the privacy of visitors to our websites including mobile versions of our websites. If you have any questions, comments, or requests regarding this policy or the information practices of DK Las Vegas, please contact us using the contact information below.
If you do not agree to this Policy, please do not use DK LAS VEGAS websites OR PROVIDE DK LAS VEGAS WITH YOUR PERSONAL INFORMATION. Your use of DK Las Vegas websites and/or mobile applications indicates your acceptance of this policy and of the collection and use of your personally identifiable information in accordance with this policy.
The Personal Information We Collect
We may collect different types of personal and other information based on your use of our products and services and our relationship with you. Personal information we may collect includes contact information such as your name, telephone number, e-mail address, city, state and zip code.
When you visit our websites, we may collect certain information by automated means. For example, our systems may collect information about your activity on the websites (i.e., pages you visit, address of a referring website (if any), identifiers for your mobile device, geographic location information, and Internet Protocol address) for a number of purposes. Such information is collected using automated technologies such as cookies. A “cookie” is a text file that our website would send to your computer or mobile device to identify your browser or to store information or settings in your browser. We may use this automatically-collected information to track engagement with our websites. We also use this information to operate, maintain, and manage our websites. If you would like to avoid cookies, view our site in “privacy mode” or change the settings in your browser to not accept cookies. Click on the “Help” section of your browser to learn how to change your cookie preferences.
We use Google Analytics to gather anonymous analytics and statistics about our websites and how they are being used by our visitors so we can improve our websites.
How We Use The Personal Information We Collect
We may use the personal information we collect in a variety of ways, including to:• Provide you with the best customer experience possible;• Respond to your requests or questions for information on a property, to any other requests or questions, or to schedule a presentation;
• Provide you with information regarding our other properties in which you may be interested;
• Communicate with you regarding specials, offers, invitations, and promotions;
• Remember you when you visit our websites;
• Address network integrity and security issues;
• Perform internal marketing analyses; and
• Comply with applicable laws and as otherwise allowed by law.
Personal Information Not Sold or Shared With Others
DK Las Vegas does not sell, trade, transfer or share your personal information with third parties. We may share your personal information with our other communities and properties that are part of DK Las Vegas. We may be required to share your personal information for purposes such as complying with court orders or law enforcement; assisting with identity verification, and to prevent fraud and identity theft; selling DK Las Vegas’ assets; or enforcing our agreements and property rights.
We don’t knowingly collect personally identifying information from anyone under the age of 13 unless we first obtain permission from the child’s parent or legal guardian. If we become aware that we have inadvertently received personal information provided by a visitor under the age of 13 without permission from a parent or legal guardian, we will delete the information from our records. A child’s parent or legal guardian can also request that the personal information of their child be deleted from our records.
We are concerned about ensuring the security of your personal information. Your personal information is collected and stored in a secure cloud database. We use industry-wide, standard, commercially reasonable efforts to protect your personal information from access, loss, misuse, alteration, or destruction by any unauthorized party. These include physical, electronic, and managerial procedures to safeguard and secure the information we collect. There is no 100% secured platform available in the industry and we cannot guarantee the security of the information, nor can we guarantee that information you supply in connection with use of the websites will not be intercepted while being transmitted to us over the Internet or wireless communication. Any information you transmit to the websites is at your own risk. We do not promise, and you should not expect, that your personal information or private communications will always remain private.
“Do Not Track” Practices
We honor Do Not Track signals and do not track, plant cookies, or use advertising when a Do Not Track browser mechanism is in place.
Links to Other Sites
We may offer links to sites that are not operated by DK Las Vegas. If you visit one of those linked sites, you should review its privacy and other policies. We are not responsible for the policies and practices of other companies.
Social Media and Personal Information
DK Las Vegas uses a variety of social media options to communicate and interact with consumers, and has links to certain social media providers available on its websites. When interacting with a DK Las Vegas presence on those social media websites, you may opt to reveal certain personal information. We may collect the personal information that you make available to us on that page or account, including any information you have made public in connection with that social media service. Any personal information you have chosen to share on any DK Las Vegas social media pages will be visible to persons visiting those pages, and privacy on those pages is governed by the privacy policies of those social media companies. Other than to respond to posts or answer questions, DK Las Vegas will not use personal information provided on its social media pages without permission from you.
Email and Other Communications
We may contact you by email or other means at an email address that you have provided to us. If you do not want to receive email from us, please “unsubscribe” through the link that is included in our emails.
Your personally identifiable information may be transferred to, stored, and processed in a country other than the one in which it was provided, including into the United States. By communicating electronically with us, you acknowledge and consent that your personal data is being processed in this way.
If you are a California resident and have an established business relationship with us, you can request that we provide certain information about our company’s sharing of personal information with third parties for direct marketing purposes. We do not share any California consumer personal information with third parties for marketing purposes without consent. California residents who wish to make this request may contact us using the contact information below.
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ONE LAS VEGAS
Circus Circus Sold for $825M, MGMResorts Announces
October 15, 2019
TI owner Phil Ruffin is the new ringmaster of Circus Circus.
MGM Resorts International on Tuesday announced the sale of the family-friendly property to the owner of TI for $825 million. The transaction is expected to close by the end of the year, and includes the 5-acre Adventuredome amusement park, a 10-acre RV park and 37-acre festival grounds.
The Las Vegas Review-Journal reported on the sale last month, after sources revealed that Ruffin and MGM had reached a handshake agreement on Sept. 12 for Ruffin to buy the hotel-casino, along with the Las Vegas Festival Grounds parcel. The multi-use entertainment venue sits on the southwest corner of Las Vegas Boulevard and Sahara Avenue.
MGM CEO Jim Murren told the Review-Journal that Circus Circus was “not strategic to our long-term vision” and that Ruffin “has some ambitious plans” for the north Strip resort, though he did not specify what the new owner has in mind.
Asked what will happen to the resort’s employees, Murren said they “will become employees of Mr. Ruffin.”
According to the Tuesday statement, the sale is part of MGM’s “asset-light strategy” meant to maximize value for shareholders.
“MGM Resorts has engaged in an exhaustive process to evaluate its owned real estate,” Murren said in the release. “The Company expects to utilize the proceeds from this transaction to enhance its capital allocation strategy and complement its strategic and operational flexibility.”
This isn’t Ruffin’s first purchase from MGM. In December 2008, he made a deal to buy TI — then known as Treasure Island — from the company for $775 million. His purchase of Circus Circus is set to comprise $662.5 million paid in cash and a $162.5 million note due 2024, according to the statement.
“Circus Circus has anchored the north end of the Las Vegas Strip for over 50 years, and I am excited to add it to my casino portfolio,” Ruffin said in the statement. “I have tremendous respect for Jim Murren and the MGM team, and my relationship with them goes back to my friendship with Kirk Kerkorian and continues to this day.”
The property has been a gold mine for MGM over the years. Between 2015 and 2017, it posted the fastest percentage growth in average daily room rate and cash flow among MGM’s Strip resort properties. It made about $65.9 million in net revenue last quarter. According to the statement from MGM, Circus Circus reported a cash flow of $62 million for the 12 months ending June 30.
The 3,767-room property sits on a plot of about 60 acres near Sahara Avenue on the north side of the Strip, near ongoing projects including Resorts World, the Drew Las Vegas and the Las Vegas Convention Center. It’s known for its indoor Adventuredome amusement park and 10-acre RV lot, the only one of its kind on the Strip.