When thinking about modern Las Vegas, and who is most responsible for its creation, there is only one name that comes to mind. That name of course is Steve Wynn!
Praise him or blame him, he is most responsible for changing it to what it is today, not just a gambling town, but Las Vegas is now the Entertainment Captial of the World.
Who is Steve Wynn?
Stephen Alan Wynn, born January 27, 1942
Mr Wynn is an American real estate businessman and art collector. He is known for his involvement in the American luxury casino and hotel industry. Early in his career, he oversaw the construction and operation of several notable Las Vegas and Atlantic City hotels, including the Golden Nugget, the Golden Nugget Atlantic City, The Mirage, Treasure Island, the Bellagio, and Beau Rivage in Mississippi, and he played a pivotal role in the resurgence and expansion of the Las Vegas Strip in the 1990s.
Starting in the 1970’s, he became the primary stockholder of the Golden Nugget in Downtown Las Vegas in 1973and the youngest casino owner in Las Vegas. From there, going on to build the Mirage, Treasure Island, and finally the Bellagio.
After all that, In 2000, Wynn sold his company, Mirage Resorts, to Kirk Kerkorian‘s MGM Grand Inc., resulting in the formation of MGM Mirage (now known as MGM Resorts International).
He wasn’t finished with Las Vegas. On October 25, 2002, Steve Wynn took his new company, Wynn Resorts public. Makign him Wynn Resorts’ CEO and Chairman of the Board until February 6, 2018, when he announced his resignation amid sexual misconduct allegations.(Wynn has denied the allegations)
Through Wynn Resorts, he has overseen the construction and development of several luxury resorts:
- Wynn Las Vegas in 2005
- Wynn Macau in 2006
- Encore Las Vegas in 2008
- Encore at Wynn Macau in 2010
- Wynn Palace in Macau in 2016
- Wynn Everett near Boston opened in June of 2019 under the name Encore Boston Harbor.
In 2006, Steve Wynn was inducted into the American Gaming Association Hall of Fame.
As of September 2015, Wynn’s net worth was estimated by Forbes at $2.4 billion, making him the 279th wealthiest American.
Steve Wynn collects fine art, including pieces by artists such as Picasso and Claude Monet.