The president-elect’s best friend is preparing to cash out of the legendary Las Vegas resort. He tells Forbes about his latest big gamble in Sin City.

The owner of Circus Circus in Las Vegas says he's mulling a sale of the casino-hotel.Phil Ruffin told the financial magazine Forbes he's ready to sell the histo

Billionaire casino owner Phil Ruffin is looking to sell Circus Circus, according to a weekend report on Forbes.com.

In a Friday interview with Forbes, Ruffin revealed he’s planning on selling the garish casino that he bought in 2019. At the time, Ruffin boasted he was going to add a sand-bottom pool and 2,000-seat theater, along with investing $60 million into renovations. But despite some cosmetic improvements, Circus Circus remains largely unchanged.

Circus Circus, the venerable 56-year-old north Strip resort that caters to families and low-budget visitors, may soon be sold by owner Phil Ruffin, according to a published report.

Owner Phil Ruffin told Forbes that there’s interest from buyers to sell the Las Vegas Strip property. He said the hotel and casino is worth $5 billion. MGM sold Circus Circus to Ruffin in 2019. The sale was worth $825 million that year.