Billionaire Phil Ruffin announced on Tuesday that his bid to purchase The Mirage on the Las Vegas Strip for $1.3 billion was rejected by MGM Resorts International.
According to the Las Vegas Review-Journal, Ruffin has been rumored to have been interested in the property ever since he acquired the 2,885-room Treasure Island from MGM for $775 million in 2009. The Treasure Island and The Mirage are connected by an above-ground tram, making this a logical area for Ruffin to expand his Las Vegas holdings.