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Treasure Island Hotel and Casino (also known as Treasure Island Las Vegas and "TI") [1] is a pirate-themed hotel and casino located on the Las Vegas Strip in Paradise, Nevada, U.S. It includes 2,885 rooms and a 47,927 sq ft (4,452.6 m 2) casino. The resort is owned and operated by businessman Phil Ruffin.
The Mirage-Treasure Island Tram is a temporarily closed 1,000-foot-long (300 m) people mover connecting the adjacent Las Vegas Strip casinos The Mirage and Treasure Island. [2] The tram took about 90 seconds to go from one end to the other, and was free to ride. [3] The tram opened in 1993 along with the opening of the Treasure Island casino. [4]
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The negotiated price was $600 million in cash and $175 million in secured notes. [12] Ruffin estimates that to build a casino like Treasure Island from the ground up would cost $2.7 billion. In calendar year 2008, Treasure Island reported $376M in revenue (down from $431M in 2007) and $101M in EBITDA. [13]
The project was constructed at a cost of $500 million, [22] [23] on 3 acres (1.2 ha) of land that was part of the rear parking lot for the New Frontier. [13] The project was designed by Bergman, Walls & Associates and built by Perini Building Company. [21] Trump Hotel Las Vegas opened on March 31, 2008.
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Hotel32 was removed, and the top four floors of the tower were rebranded as NoMad Las Vegas, a new hotel-within-a-hotel. Park MGM includes a 76,982-square-foot (7,200 m 2 ) casino and 2,700 rooms, not counting another 293 at NoMad, which brings the total to 2,993.
The Las Vegas Monorail is a 3.9-mile (6.3 km) automated monorail mass transit system located adjacent to the Las Vegas Strip in Clark County, Nevada, United States. It connects several large casinos in the unincorporated communities of Paradise and Winchester just south of Las Vegas city limits.