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Posted At : December 16, 2008 12:04 PM | Posted By : D McKee
Related Categories:
MGM Mirage,Phil Ruffin,The Strip,Steve Wynn
Over at the RateVegas.com blog, regular reader mike_ch asked a question he was thwarted from posting here: "Do you have any details regarding the player's club agreement? Is Ruffin licensing Player's Club from MGM? Do we know if he's going to be able to mail out his offers to the list? I assumed he either would be provided a list of every MGM cardholder who ever used a card at Treasure Island, or would have to just rebuild a list from scratch."
Well, I put that question -- verbatim -- to MGM Mirage's Alan Feldman, who responds: "There will be no immediate changes. We’re developing a Technical Services Agreement that calls for us to provide Players Club services to him. He may, over time, develop his own system. But, for now, things continue unchanged."
I don't know if that's the answer you were looking for, but it's a start. And just think about how the Treasure Island deal has pushed Encore off the front pages. It's as though Phil Ruffin stole Steve Wynn's birthday.
Update updated: Contrary to what Steve Friess reported, the Review-Journal says that Ruffin is getting 20 acres beneath Treasure Island, not the less-than-17-acre figure given to Friess. Since the R-J's figure apparently comes from Ruffin and Friess' was straight from MGM's Feldman, it really does look like the two parties are still redrawing the property lines.
At least everyone should be able to agree that Ruffin's decision to keep the current management team in place is a capital idea. And if Monte Carlo is on the table, as Macquarie Capital's Joel Simkins posits, that would run a cart and horses through future expansion of CityCenter. Then again, just finishing CityCenter and finding enough people to live there may be challenge enough for MGM these days.
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"The person who wrote you should recommend to his friend that he speak to a Players Club rep at any of these properties."