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Steve Wynn Resorts
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Wynn Las Vegas
Vegas Interactive Map
Bellagio Las Vegas
Beginning of Steve Wynn
The Beginning of Steve Wynn's Career in Las Vegas
Steve Wynn graduated from The Manlius School, a private boys' school in upstate New York, in 1959. Wynn's father, Michael Weinberg, ran a string of bingo parlors in the eastern United States, and died of complications from heart surgery shortly before Wynn graduated from the University of Pennsylvania in 1963.
At college, he studied Cultural Anthropology and English Literature. After college he took over running the family's bingo operation in Maryland. He did well enough at it to accumulate the money to buy a small stake in the Frontier Hotel and Casino in Las Vegas, where he and his wife, Elaine, moved in 1967.
Wynn managed to parlay his profits from a land deal in the early 1970s (the deal involved two established titans of the Las Vegas casino business, Howard Hughes and Caesars Palace) into a controlling interest in a dusty downtown casino, the Golden Nugget Las Vegas (he also owned The Golden Nugget in Atlantic City). Wynn renovated, revamped and expanded the Golden Nugget with enormous success, in the process attracting a new upscale clientele to downtown Las Vegas.
Steve Wynn's Mirage
Steve Wynn's First Major Strip Casino
Steve Wynn had previously acquired interests in various existing casinos, but his first major Strip casino was The Mirage.
After opening in November of 1989, The Mirage Las Vegas set a new standard for size and lavishness, with construction costs to match. The Mirage featured an indoor forest, an outdoor erupting volcano, high-quality room appointments and an emphasis on service.
The Mirage was a great success for Steve Wynn. It was the first project in which he was involved in the design and construction of a casino.
Financed largely with junk bonds issued by Michael Milken, it was considered a risky venture by the standards then prevailing in Las Vegas because of its high cost and emphasis on luxury. It proved to be enormously successful and made Wynn a major part of Las Vegas history.
Latest Steve Wynn Casinos
The Latest Steve Wynn Casinos
After the success of The Mirage, Steve Wynn opened up Treasure Island, a pirate-themed hotel and casino directly next to The Mirage.
Then in 1998, Steve Wynn expanded further on his concept of the luxury casino by building the Bellagio Resort.
Las Vegas had never seen luxury like this. It included an artificial lake, indoor conservatory, an art gallery in which Wynn displayed museum-quality artworks, and branches of high-end boutiques and restaurants located in Paris, San Francisco and New York.
The Bellagio is credited with starting a new spree of luxurious developments in Las Vegas. Among these developments include The Venetian, Mandalay Bay, and Paris Las Vegas. The architect was the famous American architect Jon Jerde at Jerde Partnerships.
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Steve Wynn Resorts
After the huge success of Mirage Resorts, which included The Mirage, Treasure Island and Bellagio, Steve Wynn sold Mirage Resorts to MGM Grand Inc in 2000. That formed what is known today as MGM Mirage.
With the money he made on that deal, and with his ability to secure ever-greater financing, Wynn built a new resort. It was to be his expensive yet, the Wynn Las Vegas, which opened on the former site of the Desert Inn on April 28, 2005. One of his casino hosts is Joe Esposito, road manager and best friend of Elvis Presley.
Four years later, in 2009, Steve Wynn would open a second tower to Wynn Las Vegas that was even more luxurious. This would be known as Encore Las Vegas.
Steve Wynn also successfully bid for one of the three gaming concessions that were opened for tender in Macau, a Special Administrative Region (SAR) of China, which has a long history of gaming and is the largest gaming market in the world, having surpassed Las Vegas in 2006. This property, known as Wynn Macau, opened in September of 2006.
Steve Wynn
Steve Wynn inspecting his newly opened hotel, Bellagio
