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Wynn Resorts, Limited is an American publicly traded corporation based in Paradise, Nevada, that is a developer and operator of high-end hotels and casinos.
Wynn Las Vegas, often simply referred to as Wynn, is a luxury resort and casino located on the Las Vegas Strip in Paradise, Nevada, United States. It is owned and operated by Wynn Resorts , and was built on the former site of the Desert Inn resort, which opened in 1950.
Wynn's first major Las Vegas Strip casino was The Mirage. Wynn's first major casino on the Las Vegas Strip was The Mirage, which opened on November 22, 1989. [20] It was the first time Wynn was involved with the design and construction of a casino, and he financed the $630 million project largely with high-yield bonds issued by Michael Milken.
Over time, notable members of the ownership group featured Jackie Gaughan and Steve Wynn. [2] Wynn later became the majority stakeholder in 1973, making him the youngest casino owner in Las Vegas. [3] Under Wynn, the casino brand expanded greatly. Once gaining the controlling sharehold, Wynn created Golden Nugget Companies Inc.
Steve Wynn bought a stake in the Nugget, which he increased so that, in 1973, he became the majority shareholder, and the youngest casino owner in Las Vegas and purchased the neighboring California Club in 1973 and combined the two properties under the former’s banner. [4]
Known as the Queen of Las Vegas, Elaine Wynn co-founded Mirage Resorts and Later Wynn Resorts with her ex-husband, Steve Wynn. When the couple divorced, her power waned, but Elaine Wynn bided her ...
Wynn owned the resort through his company, Golden Nugget Inc., which he renamed Mirage Resorts in 1991. [52] A $55 million renovation took place in 1995. [53] As of 1997, it was the most profitable resort on the Strip. [54] Wynn left the property and Mirage Resorts in 2000, when the company was acquired by MGM Grand Inc., later renamed to MGM ...
Further design changes were made after Wynn Resorts filed a lawsuit, alleging similarities to its nearby Wynn/Encore properties. Opened on June 24, 2021, it is the first new resort to be completed on the Las Vegas Strip since the Cosmopolitan opened in 2010.