Word: wynn
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Dates: during 2000-2009
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Maybe it makes perfect sense that Steve Wynn would turn into the Mister Rogers of Las Vegas, Nevada. Sitting in his new hotel in a red V-neck sweater and gray wool pants, Wynn, 63-famous for yelling at employees, taking up steer roping and accidentally shooting off his index finger in his office-is talking about building neighborhoods in his latest land of make-believe. Explaining that his hotel will be a mellow retreat, without the glitz and campy themes that have made him such a sensation in the past, Wynn breaks into a rendition of Bali...
...fa?ade and next door to that you have banks and the banking and financial center, I'm not sure we will feel happy about it." LEE HSIEN LOONG, Singapore's Prime Minister, on strict guidelines for two proposed casinos in the city-state. Las Vegas impresario Steve Wynn has accused the government of micromanaging bids to build the casinos...
...question, Kerkorian still gets a kick out of high-stakes deals. In 2000 his MGM Grand bought Steve Wynn's Mirage Resorts for $6.4 billion, and last June Kerkorian snapped up the Mandalay Resort Group for $4.8 billion, giving him control of 11 hotel-casinos on the Strip and more than half the gambling action. Last year Kerkorian sold his stake in the MGM movie studio for $5 billion to a consortium led by Sony. In fact, Kerkorian's dalliance with MGM over the years reads like a sordid back-lot love story. He first bought shares in the studio...
...Nowadays Wynn hopes to shrink gambling to less than 45% of the overall take at his hotels; he says he would remove it from his tranquil new oasis entirely if he could. "I do need the cash flow from the casino to justify the things I do," says Wynn. "I wouldn't want to dumb down my hotel--not at this point in my life. How many guys get to try to build the best hotel in the world...
...Wynn believes the best Vegas hotel will cater to what people really crave: calmness. He figures that now that he has helped defang gambling and strippers to the point where they're in every town and on many websites, the real luxury is doing swankier versions of those things in a relaxing environment. Instead of squeezing in an hour to bet online while your kids are yelling, you get to play blackjack by the pool and stare at a waterfall while dancing at 3 a.m. The Mister Rogers of Vegas is hoping you'll want to take off your sweater...