On This Date: January 27, 1942 Steve Wynn was Born

January 27, 2017

Steve Wynn (born January 27, 1942)  He played a pivotal role in the 1990s resurgence and expansion of the Las Vegas Strip. His companies refurbished or built what are now widely recognized resorts in Las Vegas, including the Golden Nugget, The Mirage, Treasure Island, Bellagio, Wynn, and Encore.

The Mirage was the first project in which he was involved in the design and construction of a casino. The $630 million cost to build the facility was financed largely with junk bonds issued by Michael Milken. The property was considered a high-risk venture by the standards then prevailing in Las Vegas because of its high cost and emphasis on luxury. However, it became enormously lucrative and made Wynn a major part of Las Vegas history.

Steve-Wynn

Steve-Wynn SEO of Wynn Resorts

Now, as Chairman of the Board and Chief Executive Officer of Wynn Resorts, Wynn has developed Wynn Las Vegas, which opened on April 28, 2005; Wynn Macau, which opened in September 2006; Encore at Wynn Las Vegas, which opened December 22, 2008; and Encore at Wynn Macau, which opened on April 21, 2010.

As of March 2012, Wynn is the 491st richest man in the world with a net worth of $2.9 billion.

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