History
Treasure Island was opened by Mirage Resorts in 1993 under the direction of Steve Wynn at a cost of US$450 million. It was designed by architect Joel Bergman. The initial plans called for a tower addition to The Mirage, but later evolved into a full-fledged separate hotel casino resort. Treasure Island originally intended to attract families with whimsical pirate features and icons such as the skull-and-crossbones strip marquee, a large video arcade, and staged pirate battles nightly in "Buccaneer Bay" in front of the casino entrance on the Strip.
In 2003, the hotel largely abandoned its pirate theme for a more contemporary resort with a focus on adult amenities and services. The original arcade and kid-friendly pool areas were replaced with an adult-friendly hot tub, contemporary nightclub and party bar. The famous skull-and-crossbones sign at the Strip entrance was replaced by one reading simply "TI" that is also a large LCD video screen. The exterior color of the hotel was also changed from a light orange to a darker maroon color.
On December 15, 2008, MGM Mirage announced the resort would be sold for US$775 million to Phil Ruffin, former owner of the New Frontier Hotel and Casino. Ruffin took full ownership of the hotel and casino resort on Friday, March 20, 2009.
On July 31, 2012 A fire in the air conditioning/air handler unit on the roof of the Strip hotel was reported about 9 a.m. Fourteen people were treated for minor injuries related to smoke exposure
Read more about this topic: Treasure Island Hotel And Casino
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