Stephen Alan "Steve" Wynn starts in the gaming sector by taking over the family bingo parlor
business when his father passed away.
His success
brought him to invest for the Frontier Hotel and Casino in Las Vegas, then he
and his wife, Elaine, moved in. The creative businessman moved to Las Vegas and
started gripping shared in local casinos. He inflated and revitalised the
“Golden Nugget” casino, which resulted in prosperous visitors visiting the
place. Wynn built another Golden Nugget in Atlantic City in 1980. By then, he was estimated to be worth about one hundred million dollars.
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| Golden Nugget Hotel & Casino |
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| Treasure Island Hotel & Casino |
After
getting interests in other casinos, Wynn built The Mirage on the Strip. Wynn's next project was
Treasure Island Hotel and Casino at a cost of $450 million. The
Cirque du Soleil show at the Treasure Island was the first permanent Cirque du Soleil show in Las Vegas.
His
next high-end casino is The Bellagio, included an artificial lake and a gallery
that housed museum-quality artworks, is the priciest gaming resort in the world
and a real luxury destination.
After selling
Mirage Resorts to MGM Grand Inc. In 2000, Wynn opened the Wynn Las Vegas in
2005; it is his most expensive project to date. In 2006, he opened Wynn Macau,
China, the largest gaming jurisdiction in Asia. Lately. He further added Encore
Las Vegas and Encore Macau.
The casino collector opened a high profile gaming resorts that further multiplied Steve's profit margin. Wynn became a billionaire in 2004, when his net worth doubled to $1.3 billion.
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