Tuesday, August 28, 2012

Steve Wynn: Gambling Empire at its Best


Steve Wynn is known to be a developer of the gambling oasis in Las Vegas, Nevada. He has developed casinos that grew not only in size but in being ambitious, lavish and excessive.

Wynn was born in Connecticut on January 27, 1942. He grew up with his brother in Utica, New York. His father operated several Bingo parlors which exposed the young Wynn to gambling at an early age.

Before Wynn finished his degree in Bachelor of Arts at the University of Pennsylvania, his father died leaving behind his Bingo enterprise. Wynn took over the Bingo parlors which became the beginning of a growing gambling empire. Wynn used the Bingo profits to purchase several stakes in Las Vegas’ Frontier Hotel and Casino.

Wynn’s investments grew. His hotels expanded in size and reputation. Some of the attractions he placed in his hotels were an indoor forest, a pirate’s ship, an artificial lake, water fountains, and a gallery of the finest paintings in the world.

In April, 2005, Wynn opened the “Wynn Las Vegas” which is known then to be his most remarkable building. It is 50 stories high and is situated in the world renowned Las Vegas Strip. It has 2,716 hotel rooms. Its gaming area is about 111,000 square foot. At that time, the building was estimated to be around $2.7 billion.

Wynn is known to be lavish and elaborate but the Wynn Las Vegas exposed his subtle and more elegant side.  From the outside, Wynn Las Vegas would encourage people to see the Wynn Art Collection, or his Ferrari-Maserati dealership, or the Lake of Dreams.

Another building owned by Wynn, the “Wynn Macau”, was opened in 2006 in Macau, China.

Wynn lives with his wife in Las Vegas. He continues to be actively involved in managing his gambling empire.

No comments:

Post a Comment