Steve Wynn First Casino
Wynn's first major casino on the Las Vegas Strip was The Mirage, which opened on November 22, 1989. 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. Prior to 2018, Steve Wynn Was A Titan In The Casino Industry In 1989, Steve Wynn opened his first casino on the Las Vegas Strip: the Mirage Resort & Casino. The maestro of the Las Vegas strip, Steve Wynn, opened the Wynn on April 28, 2005. With 2,716 rooms spread out over 49 floors, and with 111,000 square feet of casino space and 5.2 million square feet in all, the cost was estimated to be $2.7 billion.
Wynn Resorts is a name that goes hand-in-hand with the brick and mortar gaming industry. Founded in 2002 and headquartered in Las Vegas, Nevada, Wynn is the prototypical hotel and casino operator, with some of the most iconic casino properties in the world. Despite the company somewhat limited history, the fact of the matter is that Wynn Resorts is a company that brings in revenue in upwards of $5 billion on an annual basis, and has a reach that extends far beyond its North American corporate headquarters.
The History of Wynn Resorts
As was mentioned above, Wynn Resorts was founded in 2002, but its roots can be traced back much further. Steve Wynn, who since the early 1970s was tasked with heading Mirage Resorts, decided in 2000 to sell Mirage to MGM Grand. With some of the proceeds from that sale, Wynn immediately turned around and purchased the Desert Inn for almost $300 million. The Desert Inn, for those who might be unfamiliar, was one of the first casinos on the Las Vegas Strip, having opened its doors in 1950. Wynn decided against retaining the aging theme of the Desert Inn, and opted to knock it down to make way for his budding vision.
Around the time the Desert Inn was demolished, Wynn became partners with a Japanese billionaire by the name of Kazuo Okada. Before long, and thanks to the wealth and influence of both Wynn and Okada, Wynn Resorts became a public company via their late 2002 IPO. Though it took some time, Wynn Resorts’ first hotel and casino, Wynn Las Vegas, opened its doors in the middle of 2005. While visitors were just beginning to take in the newly-constructed Wynn Las Vegas, the company was already planning new ventures overseas. In the Spring of 2004, Wynn Resorts broke ground on a second casino project, one that was located in Macau; the special administrative region of China that allows for legal gambling.
The construction overseas did not take long, and by the end of 2006 Wynn Macau opened its doors to the public. To this day, Wynn Macau remains not only one of Wynn’s most successful ventures, but also one of the most successful hotels and casinos in Macau. Back in Las Vegas, Wynn Las Vegas was experiencing just as much success, if not more. Due to the massive influx of visitors in the first year, Wynn Resorts planned an extension of Wynn Las Vegas. That extension would be named Encore and the site was eventually opened just before the end of 2008.
Wynn Resorts has added a few more properties in Macau and is even making inroads on the Eastern Seaboard of the United States, and is continually growing its footprint and market share simultaneously.
Steve Wynn First Casino Buffet
Wynn Resorts Properties
Wynn Las Vegas
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Wynn Las Vegas may have opened its doors in 2005, but it is still one of the most iconic and successful casinos on the Las Vegas Strip. With more than 2,700 rooms, a ton of restaurants and shops, and a gaming floor that is just shy of 190,000 sq. feet, it offers everything you would expect from a megaresort on The Strip. The site has been renovated a handful of times since it was opened, and it does well to maintain its iconic nature without sacrificing any modern comforts.
Wynn Macau
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What Wynn Macau lacks in guest accommodations, it makes up for in gaming space. Despite having less than 600 hotel rooms, Wynn Macau has well over 280,000 sq. feet of gaming space and plenty of eateries to go along with it. The gaming space is great, but the award-winning hotel is what really keeps people coming back.
Encore Las Vegas
Encore Las Vegas opened in 2008 and sits directly adjacent to Wynn Las Vegas. In fact, the two sites are connected so that folks can seamlessly move between the two. Though the gaming space sits at just under 75,000 sq. feet, there are more than 2,000 guest rooms and one of the most popular night clubs in Las Vegas.
Encore at Wynn Macau
Encore at Wynn Macau, in many ways, emulates Encore Las Vegas as it is more or less an extension of the already existent Wynn Macau. With that being said, Encore at Wynn Macau is strictly a hotel and shopping property, as it serves to increase the total number of Wynn Macau hotel rooms to over 1,000. The site opened its doors in the middle of 2010.
Wynn Palace
Steve Wynn First Casino
Wynn Palace is the newest and largest Wynn Resorts property in Macau. Unlike the other two, Wynn Palace is situated on the glamorous Cotai Strip of Macau. Featuring more than 1,700 rooms and 300+ gaming tables, Wynn Palace certainly lives up to its regal name. The site first began operations in August of 2016 and is quickly becoming one of the top spots on the Cotai Strip.