Treasure Island Hotel and Casino (also known as Treasure Island Las Vegas and "TI") is a pirate-themed hotel and casino located on the Las Vegas Strip in Paradise, Nevada, USA. It includes 2,885 rooms and a 47,927 sq ft (4,452.6 m2) casino. The resort is owned and operated by businessman Phil Ruffin. Treasure Island was developed by casino owner Steve Wynn through his company, Mirage Resorts. Project designers included Joel Bergman and Jon Jerde. Wynn announced Treasure Island in October 1991, and construction began four months later. The resort opened on October 26, 1993. Treasure Island was among several family-oriented resorts to open in Las Vegas during the 1990s, taking advantage of the growing tourist demographic. Treasure Island's facade was built with a lagoon containing two pirate ships. Free pirate battles were performed daily for spectators over the next two decades. The resort has also hosted Mystère since 1993, making it the longest-running show by Cirque du Soleil. In 2000, MGM Grand Inc. acquired Mirage Resorts and was renamed MGM Mirage. Treasure Island's pirate theme was scaled back during a 2003 project aimed at attracting a more mature audience, in contrast to the family trend of the 1990s. MGM's revamp included new signage abbreviating the resort's name as "TI", while the original pirate show, Battle of Buccaneer Bay, was replaced by Sirens of TI. MGM struggled financially during the Great Recession. In 2009, it sold Treasure Island to Ruffin for $755 million. Ruffin targeted a middle-class clientele, making various changes to appeal to the demographic. He added two signature restaurants: Gilley's Saloon in 2010, and Señor Frog's in 2012. The pirate shows ended the following year, although the ships remain on display. From Wikipedia
