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Encyclopedia > Steve Wynn (developer)
The Las Vegas Strip is home to Steve Wynn's largest and best known developments. The Wynn is visible on the left-side of the Boulevard.

Stephen Alan Wynn (born January 27, 1942 in New Haven, Connecticut) is an American casino resort developer who is credited with spearheading the dramatic resurgence and expansion of the Las Vegas, Nevada, Strip in the 1990s. Image File history File links Download high-resolution version (1744x1240, 4250 KB) I shot the picture myself from the 108th floor of the Stratosphere Tower. ... Image File history File links Download high-resolution version (1744x1240, 4250 KB) I shot the picture myself from the 108th floor of the Stratosphere Tower. ... The south end of The Strip; approximately one third of the entire Strip is represented here. ... Wynn Las Vegas Resort and Country Club is a AAA five diamond/Mobil five-star casino resort located on the Las Vegas Strip, in Las Vegas, Nevada. ... Nevada State Route 604 is better known as Las Vegas Boulevard. ... is the 27th day of the year in the Gregorian calendar. ... Year 1942 (MCMXLII) was a common year starting on Thursday (the link will display the full 1942 calendar) of the Gregorian calendar. ... “New Haven” redirects here. ... Official language(s) English Capital Hartford Largest city Bridgeport Largest metro area Hartford Area  Ranked 48th  - Total 5,543[2] sq mi (14,356 km²)  - Width 70 miles (113 km)  - Length 110 miles (177 km)  - % water 12. ... This article or section does not adequately cite its references or sources. ... Resorts combine a hotel and a variety of recreations, such as swimming pools. ... A real estate developer (American English) or property developer (British English) makes improvements of some kind to real property, thereby increasing its value. ... Vegas redirects here. ... Official language(s) English Capital Carson City Largest city Las Vegas Area  Ranked 7th  - Total 110,567 sq mi (286,367 km²)  - Width 322 miles (519 km)  - Length 490 miles (788 km)  - % water 0. ... The south end of The Strip; approximately one third of the entire Strip is represented here. ... For the band, see 1990s (band). ...


Wynn currently lives with his wife Elaine in a suite at Wynn Las Vegas, until their home in the Southern Highlands Golf Club is completed. Wynn Las Vegas Resort and Country Club is a AAA five diamond/Mobil five-star casino resort located on the Las Vegas Strip, in Las Vegas, Nevada. ... The Lowrall Mansion as seen inside the Southern Highlands Golf Club Southern Highlands Golf Club is a private golf course and exclusive neighborhood retreat for celebrities and the upper class located in Las Vegas, Nevada. ...


Wynn suffers from retinitis pigmentosa, which affects his peripheral vision and therefore his interaction with proximate objects. During the opening night of The Bellagio, Wynn invited many distinguished guests to the hotel and asked them to participate in a $2,500 per plate dinner in which all the proceeds would go toward fighting RP.[citation needed] Normal vision. ... Bellagio is a hotel and casino located on the Las Vegas Strip in Las Vegas, Nevada, USA. It is owned by MGM Mirage and was built on the site of demolished Dunes hotel and casino. ... “USD” redirects here. ...


His daughter Kevyn was kidnapped in 1993[1]. The developer paid $1.45 million in ransom for her safe return, but the kidnappers were apprehended when one attempted to buy a Ferrari in Newport Beach, California, with cash. This story was obliquely referenced in the year 2001's Ocean's Eleven,[2] and directly referenced in an episode of CSI: Crime Scene Investigation.[3] Year 1993 (MCMXCIII) was a common year starting on Friday (link will display full 1993 Gregorian calendar). ... For other uses, see Ferrari (disambiguation). ... Location of Newport Beach within Orange County, California. ... Official language(s) English Capital Sacramento Largest city Los Angeles Largest metro area Greater Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ... For the 1968 science-fiction film and novel, see 2001: A Space Odyssey The year 2001 in film involved some significant events. ... Oceans Eleven is a 2001 remake of the 1960 Rat Pack caper film Oceans Eleven. ... CSI: Crime Scene Investigation is a popular Alliance Atlantis/CBS police procedural television series, running since October 2000, about a team of forensic scientists. ...


Wynn became a billionaire in 2004, when his net worth doubled to $1.3 billion.[4] A billionaire is a person who has a net worth of at least one billion units of currency, such as United States Dollars (USD), Pounds or Euros. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... Net worth (sometimes net assets) is the total assets minus total liabilities of an individual or company. ...


Wynn was appointed to the Board of Trustees of the John F. Kennedy Center for the Performing Arts by President George W. Bush on October 30, 2006.[5] The word trustee is a legal term that refers to a holder of property on behalf of a beneficiary. ... The Kennedy Center as seen from the Potomac River. ... Federal courts Supreme Court Circuit Courts of Appeal District Courts Elections Presidential elections Midterm elections Political Parties Democratic Republican Third parties State & Local government Governors Legislatures (List) State Courts Local Government Other countries Atlas  US Government Portal      For other uses, see President of the United States (disambiguation). ... George Walker Bush (born July 6, 1946) is the 43rd and current President of the United States, inaugurated on January 20, 2001. ... is the 303rd day of the year (304th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

Contents

Biography

Early life, Frontier, and the Golden Nugget

The Golden Nugget Years.

Wynn's father Michael Weinberg ran a string of bingo parlors in eastern United States. In 1936, he had changed his name to "Wynn" presumably as a marketing strategy and a move to trump anti-Jewish bias. Wynn graduated from The Manlius School, a private boys' school in upstate New York, in 1959. His father died of complications from open heart surgery in Minneapolis shortly before Wynn graduated from the University of Pennsylvania in 1963. At college, he studied cultural anthropology and English literature. Wynn 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. Image File history File links Metadata No higher resolution available. ... Image File history File links Metadata No higher resolution available. ... This article is about the American version of Bingo. ... 1936 (MCMXXXVI) was a leap year starting on Wednesday (link will take you to calendar). ... This article or section does not cite its references or sources. ... The Manlius Pebble Hill School (also known as MPH) is a non-sectarian, coeducational, independent Pre-K through 12 school in DeWitt, New York. ... This article is about the state. ... Year 1959 (MCMLIX) was a common year starting on Thursday (link will display full calendar) of the Gregorian calendar. ... This article is about the city in Minnesota. ... The University of Pennsylvania (also known as Penn[3][4]) is a private, coeducational research university located in Philadelphia, Pennsylvania. ... Year 1963 (MCMLXIII) was a common year starting on Tuesday (link will display full calendar) of the Gregorian calendar. ... This article or section does not cite its references or sources. ... The term English literature refers to literature written in the English language, including literature composed in English by writers not necessarily from England; Joseph Conrad was Polish, Robert Burns was Scottish, James Joyce was Irish, Dylan Thomas was Welsh, Edgar Allan Poe was American, Salman Rushdie is Indian, V.S... Official language(s) None (English, de facto) Capital Annapolis Largest city Baltimore Area  Ranked 42nd  - Total 12,407 sq mi (32,133 km²)  - Width 101 miles (145 km)  - Length 249 miles (400 km)  - % water 21  - Latitude 37° 53′ N to 39° 43′ N  - Longitude 75° 03′ W to 79° 29... The New Frontier is a hotel and casino located on the famed Las Vegas Strip in Las Vegas, Nevada that has been operating continually since October 30, 1942. ... Year 1967 (MCMLXVII) was a common year starting on Sunday (link will display full calendar) of the 1967 Gregorian calendar. ...


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, New Jersey). Wynn renovated, revamped and expanded the Golden Nugget with enormous success, in the process attracting a new upscale clientele to downtown Las Vegas. For the Welsh murderer, see Howard Hughes (murderer). ... Caesars Palace is a luxury hotel and casino located on the Las Vegas Strip in Las Vegas, Nevada. ... The Golden Nugget Las Vegas is a casino-hotel located in Las Vegas, Nevada on the Fremont Street Experience. ... Casino chips from left to right: $1 House Chip (Las Vegas), Tarzans Nightclub No Cash Value (Laughlin), and $1 House Chip (Atlantic City). ... Map of Atlantic City in Atlantic County Coordinates: , Country United States State New Jersey County Atlantic Incorporated May 1, 1854 Government  - Mayor Bob Levy Area  - City  17. ... “NJ” redirects here. ... Customers are waiting in front of a famous fashion shop for its grand opening in Hong Kong. ...


The Mirage and Bellagio

Wynn had previously acquired interests in various existing casinos. His first major Strip casino, The Mirage, set a new standard for size and lavishness, with construction costs to match. The Mirage featured an indoor forest and an outdoor "volcano," and with high-quality room appointments and an emphasis on service, the Mirage was another great success. The Mirage 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. The south end of The Strip; approximately one third of the entire Strip is represented here. ... For the band, see The Mirage (band) The Mirage is a 3,044 room hotel and casino resort located on the Las Vegas Strip in Paradise, Nevada (though like most hotels on the Strip, it uses a Las Vegas mailing address). ... In finance, a high yield bond (non-investment grade bond, speculative grade bond or junk bond) is a bond that is rated below investment grade at the time of purchase. ... Michael Robert Milken, born July 4, 1946, in Encino, California, is an American financier best known as the Junk Bond King of 1980s era Wall Street. ...


Wynn expanded further on his concept of the luxury casino in the later Bellagio resort, including an artificial lake, indoor conservatory, and an art gallery in which Wynn displayed museum-quality artworks, and branches of high-end boutiques and restaurants located in Paris, France; San Francisco, California; or New York City, 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 Jon Jerde of The Jerde Partnerships. Bellagio is a hotel and casino located on the Las Vegas Strip in Las Vegas, Nevada, USA. It is owned by MGM Mirage and was built on the site of demolished Dunes hotel and casino. ... This article is about the capital of France. ... “San Francisco” redirects here. ... Official language(s) English Capital Sacramento Largest city Los Angeles Largest metro area Greater Los Angeles Area  Ranked 3rd  - Total 158,302 sq mi (410,000 km²)  - Width 250 miles (400 km)  - Length 770 miles (1,240 km)  - % water 4. ... New York, New York and NYC redirect here. ... This article is about the state. ... The bridge at the Venetian Gondola ride in the Venetian View from second floor casino balcony. ... Mandalay Bay Resort and Casino is a 39-story hotel casino on the famed Las Vegas Strip in Las Vegas, Nevada, USA. It is owned by MGM Mirage. ... Paris Las Vegas is a hotel and casino on the Las Vegas Strip in Las Vegas, Nevada, USA owned an operated by Caesars Entertainment. ... Jon Jerde is an American architect based in Venice Beach California, principle of the Jerde Partnership and known for innovative mall design and experience architecture. After 13 years in the mall business working for others, Jerdes first big break was the 1977 design for Horton Plaza in downtown San...


Wynn Las Vegas to present

Mirage Resorts was sold to MGM Grand Inc. in 2000 to form MGM Mirage. With the money he made on that deal, and with his ability to secure ever-greater financing, Wynn built a new resort, his most 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 "Diamond" Joe Esposito, road manager and friend of Elvis Presley. MGM Grand Inc. ... Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... MGM Mirage (NYSE: MGM) is a Las Vegas, Nevada-based business engaged in the development, ownership and operation of hotels and casinos throughout the world. ... Wynn Las Vegas Resort and Country Club is a AAA five diamond/Mobil five-star casino resort located on the Las Vegas Strip, in Las Vegas, Nevada. ... The Desert Inn was a Las Vegas, Nevada hotel/casino that operated from April 24, 1950 to August 28, 2000. ... is the 118th day of the year (119th in leap years) in the Gregorian calendar. ... Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ... “Elvis” redirects here. ...


Wynn has 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.[6] This property, known as Wynn Macau, opened on 5 September 2006. A Special Administrative Region (SAR) of the Peoples Republic of China is an administrative division of the Peoples Republic of China (PRC). ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... The Wynn Macau is owned by Wynn Resorts and is a hotel and casino in Macao, Peoples Republic of China. ... is the 248th day of the year (249th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...


The Wynn Art Collection

Wynn owns an impressive art collection including paintings by Paul Cézanne, Paul Gauguin, Vincent van Gogh, Édouard Manet, Henri Matisse, Pablo Picasso, Andy Warhol, and Johannes Vermeer (although the authenticity of the "Vermeer" remains in dispute). Most recently he spent a record price for a painting by J. M. W. Turner -- $35.8 million for Giudecca, La Donna Della Salute and San Giorgio. “Cezanne” redirects here. ... Eugène Henri Paul Gauguin (7 June 1848 – 8 May 1903) was a leading Post-Impressionist painter. ... “van Gogh” redirects here. ... Articles with similar titles include Claude Monet, another painter of the same era. ... Henri Matisse, Self-Portrait in a Striped T-shirt 1906, Statens Museum for Kunst, Copenhagen, Denmark Henri Matisse (December 31, 1869 – November 3, 1954) was a French artist, noted for his use of color and his fluid, brilliant and original draughtsmanship. ... “Picasso” redirects here. ... Andrew Warhola (August 6, 1928 — February 22, 1987), better known as Andy Warhol, was an American artist who became a central figure in the movement known as Pop art. ... “Vermeer” redirects here. ... Joseph Mallord William Turner (April 23, 1775 (exact date disputed) – December 19, 1851) was an English Romantic landscape painter, watercolourist and printmaker, whose style can be said to have laid the foundation for Impressionism. ...


Many of the collections pieces were on display at the Bellagio. The collection was on display at the Nevada Museum of Art in Reno while the Wynn Las Vegas was being constructed and was installed in the resort shortly before it was opened. The Wynn Las Vegas gallery, which had charged an entrance fee, closed shortly after the start of 2006. The artwork from the former gallery is now scattered around the resort. Bellagio is a hotel and casino located on the Las Vegas Strip in Las Vegas, Nevada, USA. It is owned by MGM Mirage and was built on the site of demolished Dunes hotel and casino. ... The Nevada Museum of Art, located at 160 West Liberty Street in Reno, Nevada, is the only American Association of Museums (AAM) accredited art museum in the state of Nevada. ... “Reno” redirects here. ...


The centerpiece of the collection is Le Rêve, the Picasso portrait that was the working name of the resort project. Wynn purchased the painting in 1997 for $48.4 million. In 2006 he reportedly was to sell it to Steven A. Cohen for $139 million, which would at that time have been the highest price paid for any piece of art. However, he put his elbow through the canvas while showing the painting to a group of reporter friends to which he had just revealed the alleged sale. This canceled the sale, and after a $90,000 repair, the painting was estimated to be worth $85 million. Wynn sued his insurance company over the $54 million difference with the virtual selling price, possibly exceeding his own buying price. The case was settled out of court in April 2007. [1] [2] [3] [4] Le Rêve (The Dream) Le Rêve (The Dream in French) (1932) is an abstract painting by Pablo Picasso portraying his mistress, Marie-Thérèse Walter. ... For the band, see 1997 (band). ... Steven A. Cohen (born 1956?), a billionaire hedge fund investor, is the founder and manager of SAC Capital Partners, a Stamford, Connecticut-based hedge fund. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era. ...


References

  1. ^ http://www.reviewjournal.com/lvrj_home/2004/Nov-20-Sat-2004/news/25307741.html
  2. ^ http://www.imdb.com/title/tt0240772/trivia
  3. ^ http://imdb.com/title/tt0534689
  4. ^ http://finance.myway.com/jsp/nw/nwdt_rt.jsp?section=news&feed=ap&src=601&news_id=ap-d859pc0o0&date=20040923
  5. ^ http://www.whitehouse.gov/news/releases/2006/10/20061030-17.html
  6. ^ http://www.usatoday.com/travel/destinations/2007-01-22-macau-1a-usat_x.htm

External links


  Results from FactBites:
 
Steve Wynn (developer) - Wikipedia, the free encyclopedia (661 words)
Wynn's father, Michael Weinberg, ran a string of bingo parlors in the eastern United States, and died shortly before Wynn graduated from the University of Pennsylvania in 1963.
Wynn expanded further on his concept of the luxury casino in the later Bellagio resort, including an artificial lake, indoor conservatory and an art gallery in which Wynn displayed museum-quality artworks, and branches of high-end boutiques and restaurants located in Paris, San Francisco or New York.
The developer paid $1.45 million in ransom for her safe return, and the kidnappers were famously nabbed when one bought a Ferrari in Newport Beach.
SignOnSanDiego.com > News > Business -- AP Centerpiece: Casino developer Steve Wynn returns to Vegas with opening ... (852 words)
Wynn is gambling once more April 28, with the opening of the $2.7 billion Wynn Las Vegas, his triumphant return to the Las Vegas Strip.
The supremely confident Wynn, 63, is wagering his reputation on Wynn Las Vegas and the adjacent Encore, a $1.4 billion hotel-casino scheduled to open in 2008.
Wynn Resorts has seen its stock price soar since its initial public offering of $13 in 2002, reaching a high of more than $76 this year.
  More results at FactBites »

 
 

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