Phil Ruffin has bought Treasure Island! Phil Ruffin has bought Las Vegas hotel and casino Treasure Island from MGM Mirage moments ago. Phil Ruffin paid $500 million in cash.

Ruffin made the purchase through his his company Ruffin Acquisition LLC. Treasure Island was part of the MGM Mirage portfolio since MGM Grand bought Mirage Resorts in 2000.

The value of the deal – reportedly $775 million.

MGM is expected to make a “substantial gain”. The deal will close in Q2 2009.

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OJ Simpson’s sentence is in – 15 years! OJ Simpson’s sentencing is less than sought by prosecutors. OJ Simpson’s sentence had a possibility of life in prison.

Prosecutors wanted 18, Simpson wanted 6 years. Simpson will out in six years on parole. The case stemmed from an armed robbery of memorabilia dealers at the Palace Station Hotel in Las Vegas in September 2007.

The prosecutor said today the following:

“It could have been a lot worse. He’s the person who ruined so many lives.”

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The OJ Simpson sentencing – 6 years or life in prison? A Las Vegas court rendering sentencing for OJ Simpson today decides for Simpson if minimum or maximum sentencing is appropriate.

Simpson’s team believes minimum 6 years, the prosecutor wants life in prison.

The events unfolded in the Palace Station hotel has left Simpson still seeking appeal despite today’s sentencing.

His attorney tells press in advance of the ruling shortly:

“O.J. comes into court with a lot of baggage. Even though he was acquitted in the mid-’90s, the public perception is that he did it.”

His team thinks the 18 years to life being sought is inappropriate, calling that sentencing request “of a hardened criminal mind.”

** UPDATE – SIMPSON GETS 15 YEARS ***
Click here for the story now.

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