Assets are valuable, especially when they are irreplaceable.’’ “There isn’t any price they could throw at me that would interest me,’’ he said during a recent interview in his office at TI. “They sat in that boardroom and wanted to make an entry in the United States, but we just didn’t want to do it,’’ Ruffin said about his meeting with the Chinese company last year. The 82-year old said he has turned down a “huge’’ offer from a Chinese company as well as two local operators for TI, which he now owns, because Strip assets are “irreplaceable.” Phil Ruffin made nearly $1 billion when he sold the New Frontier to a real estate investment group in 2007.īut the Wichita, Kansas, businessman and friend of President Donald Trump said he has no intention of repeating that feat. 'strip,' across from the Wynn Las Vegas resort.(AP Photo/Joe Cavaretta) Kansas billionaire businessman Phil Ruffin, right, hands the microphone over to Donald Trump, Tuesday, Jin Las Vegas during a ceremony to mark the start of the 64-story hotel and apartment tower that Trump and Ruffin will build on the Las Vegas Blvd.
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