Word: wynne
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...separate occasions over the past 35 years, the low-key billionaire investor has built the world's largest hotel on the Strip, most recently the mammoth 5,034-room MGM Grand in 1993. In the past five years, Kerkorian has ushered in a wave of consolidation, snapping up Steve Wynn's Mirage Resorts in 2000 and just last month agreeing to buy Mandalay Resort Group for $7.9 billion, including debt. A World War II pilot who started his Vegas career by building a $100 million charter-flight business, Kerkorian will soon control half of the Strip's 75,000 rooms...
...WYNN RESORTS Steve Wynn...
More so than most Vegas showmen, casino mogul Steve Wynn, 62, has helped create the postmodern face of Sin City, replacing plain-vanilla gambling with entertainment destinations like the elegant Bellagio, the luxurious Mirage and the fanciful Treasure Island. So it's a noteworthy change of tone that this pioneer is now doing his best to hide it. His first creation since selling his Mirage empire to MGM Grand for $6.4 billion in 2000, the $2.6 billion bronze-toned Wynn Las Vegas casino and resort is designed to provide a rarefied air of seclusion...
...Wynn, who suffers from a degenerative eye disease, has managed his most ambitious project ever with customary painstaking attention to detail--he is known to call colleagues in the middle of the night to share his latest brainstorms. In addition to the first-class luxury retail brands you would expect to find (Cartier, Chanel, Louis Vuitton), his shops will offer an array of his own private-label products. Also on display in a gallery will be selected works from the world-class art collection that was prominently featured at the Bellagio. (Wynn recently paid $8.8 million for a John Singer...
...clean up the territory's casino culture--and to profit from it--China ended Ho's choke hold on the industry in 2001, launching a bidding war for two additional casino licenses and slapping a 39% tax on all three. One of the new license holders is Steve Wynn, who is credited with reinventing the Strip in Vegas. "Right now, Macau is for the gambler--period," Wynn told TIME last month before breaking ground on a $705 million wonderland to be flanked by the old Lisboa and a planned joint venture between Ho and MGM Mirage. "The trick...