Word: wynn
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Forget Siegfried and Roy and their white tigers. Of all the spectacles on display in Las Vegas last week, none attracted the high rollers as much as the sudden arrival of the "Steve and Kirk Show." That's Steve as in Wynn, 58, the master builder of Vegas and chairman of Mirage Resorts, whose lavish spending on casinos like the $1.6 billion Bellagio has made Mirage about as popular as snake eyes with investors on Wall Street. The Kirk is for Kerkorian, 82, the reclusive Beverly Hills billionaire with a knack for doubling his bets and winning. The rival moguls...
...surprise bid set up a clash of Strip titans and stunned gaming-industry observers. Steve Wynn cave to Kirk Kerkorian? No way. Besides, Nevada law frowns on unfriendly corporate takeovers--and even a Kerkorian insider admits, "Wynn has a grade-A defense." Perhaps to get around that, MGM Grand called its offer friendly, at least for now. Still, Kerkorian takes no for an answer only in exchange for a hefty profit. In 1996 he scrapped a run at Chrysler after his stock in the carmaker reportedly doubled in value to nearly $3 billion. (Kerkorian currently owns about 5% of DaimlerChrysler...
...they laughed when STEVE WYNN brought Picasso and Matisse to his casino in Las Vegas. Was the guy nuts? High art in the high desert? But when Wynn, the chairman of Mirage Resorts Inc., rolls the dice, he usually wins. His tiny two-room gallery at the Bellagio hotel has lured more than 100,000 people since its opening in late October. In the past month, more than 2,000 people a day have been anteing up $10 each to see Wynn's collection of 20 paintings, from Degas to Picasso. Wynn has also made his presence felt...
While visiting the desert metropolis of Las Vegas for a weekend, I was appalled by the amount of money being blown by casino owners like Steve Wynn who aim to duplicate the world's most famous locales [SHOW BUSINESS, Oct. 26]. I've been going to Vegas for more than 30 years, and I think guys like Wynn have gone too far. It is ludicrous to create billion-dollar facsimiles of famous places. I predict this attempt to attract baby boomers like me will fail miserably. MARK THOMAS Oakland, Calif...
...doubt this new, arty Vegas will attract the likes of the Astors and Rockefellers, and Joe Blow from Omaha may be a little intimidated. Steve Wynn and the other corporate boys are going to need some of the luck that everybody wishes for when they go to Las Vegas. They may have created a no-man's-land. SUZANNE W. MCCARTHY Winston-Salem...