“If you’re good at what you do, it’s a game of skill, not chance.” Success Magazine 2014. Steve Wynn moved to Las Vegas in 1967 and invested in the Frontier Hotel. Less than a year later he sold the Frontier to billionaire Howard Hughes. Wynn has said he made no money on the deal. The Golden Nugget had one of the most desirable locations on Fremont Street . In 1972 Wynn and a group of investors bought enough stock to get elected to the board of directors and eventually take control. By August 1973 Wynn ran the company, and in one year he increased the pre-tax profits from $1.1 million to $4.2 million. He used Golden Nugget profits to buy an aging hotel in Atlantic City, where gambling had just become legal. Wynn tore it down, and by 1980 had built another Golden Nugget with 506 rooms. By 1984 his net worth was estimated at $100 million. Wynn then sold the Nugget’s Atlantic City property for $440 million, plowing part of the money into building The Mirage. It opened in November 1989, with a published price tag of $630 million. It was soon followed by the construction of Treasure Island. Bellagio was Steve Wynn’s next move. The 1998 opening of the 3,000-room Bellagio and its $1.6 billion price tag made it the most expensive resort ever built at the time. In 2000, Wynn sold his company, Mirage Resorts, to MGM Grand Inc. However Steve Wynn wasn’t leaving Las Vegas. Wynn Las Vegas opened April, 2005 on the site of the former Desert Inn Hotel. Wynn Las Vegas broke records with a $2.7 billion construction price tag. The Wynn and sister property Encore built in 2008 have more than 4700 rooms. Steve Wynn’s next move: major investments in Macau. Wynn Macau was completed in 2006, followed by Wynn Palace which opened in 2016. The casino operator plans to start construction of Paradise Park, which includes a 47-story, 1,500-room hotel, on the site of the Wynn Golf Course in early 2018. In January 2018 Wynn announced plans to build Wynn West, a 2,000-3,000-room property on the 38-acre Alon site that was purchased on Dec. 13 for $336 million. Wynn said he wants to push ahead with development on his undeveloped land because he expects Las Vegas will boom over the next 20 years as tax breaks stimulate an “economic renaissance.”
Skims, the clothing brand launched by Kim Kardashian, announced Wednesday that it has opened the doors on its first Las Vegas store.
Here’s a breakdown of the Raiders’ ugly prime-time loss to the Chargers, including some disappointing performances and a few bright spots.
Matt Hennessy of Benchmark Mortgage in Las Vegas said it’s important to have all your financial ducks in a row before getting a mortgage and buying a house.
Here’s today’s local and national sports schedule, including television and radio listings.
Check out the scores and top performances from Tuesday’s high school soccer and girls volleyball action.
Sophia Sachs scored three goals to lead Arbor View’s girls soccer team to a road win at Centennial. Here are photos from the match.
The murder of Iryna Zarutska was a preventable tragedy.
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I read with dismay the recent article about the senseless killing on a train in North Carolina.
Goldman Sachs predicts AI may displace up to 300 million jobs by 2027. Of course, I acquired that information from AI, so I have no idea if it’s true.
Nevada doesn’t have any statewide federal races on the ballot next year. Your reprieve from campaign commercials, however, won’t last long.
I remember the sort of tit-for-tat violence that plagued this country in the 1960s.
Bureaucrats in Geneva scrambling to balance their budgets.
The Aces lost to the Seattle Storm in Game 2 of their first-round playoff series, snapping their 17-game winning streak.
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A Henderson resident allegedly made more than $2.5 million selling misbranded prescription drugs used for erectile dysfunction, according to the U.S. Attorney’s Office.
The key to happiness for the young conservative giant? Get married. Have kids. Speak your mind with the other side. It made him a target.
NV Energy will become the first investor-owned utility to impose a mandatory demand charge on residential and small commercial customers. Currently, only larger customers like casinos have to pay demand charges.
A man told detectives he and his friends were headed back to their hotel when they ran into her group. She fired shots as they fled, he said to police.