Mr. Phil Ruffin
Owner, Circus Circus Hotel & Casino
2880 Las Vegas Blvd S
Las Vegas, NV 89109
Dear Mr. Ruffin,
I hope this message finds you well.
I am writing to formally express my interest in acquiring the Circus Circus Hotel & Casino property for a total purchase price of $825 million USD. This offer is based on my sincere belief in the long-term potential of the property, combined with my vision for repositioning it as a modern, competitive, and family-friendly resort destination on the Las Vegas Strip.
Proposed Terms of Acquisition:
Purchase Price: $825,000,000
Down Payment: 15% ($123,750,000) to be paid at closing
Financing Structure: The remaining balance of $701,250,000 will be financed through a combination of:
- Revenue streams generated from operations (post-acquisition)
- Strategic investment partners
- Property and capital improvements that will raise overall value and cash flow
My team is prepared to submit a detailed business plan and financial projections upon request, outlining operational strategy, revenue forecast, proposed renovations, and a phased redevelopment plan that will enhance the brand’s equity and increase profitability within the first 24 months.
This offer is contingent upon a mutually agreeable due diligence period and any necessary licensing or gaming approvals required by the Nevada Gaming Commission and related entities.
I would appreciate the opportunity to meet in person or via video conference to discuss this proposal further and explore a timeline that would be beneficial for both parties. I believe that with the right leadership, Circus Circus can thrive in today’s evolving hospitality and entertainment environment—and I’m confident in my ability to bring this vision to life.
Thank you for considering my offer. I look forward to your response and the potential of working together to write the next chapter in Circus Circus history.
