Does Steve Wynn Have Any Plans To Do Any More Casinos?

Does Steve Wynn Have Any Plans To Do Any More Casinos? | Las Vegas Advisor

Does Steve Wynn have any plans to do any more casinos? If not in Nevada, another state or a different country. Wynn Dubai? Wynn Moscow? Steve’s Place Macau?

It's been more than two years since Steve Wynn's fall from grace over allegations of sexually harassing several women employees and he remained "radio silent" up until mid-May, when he sat for a 10-minute interview with Fox Business.

Wynn talked about the casino business in the midst of the shutdown, making some general statements about the airlines, social distancing, Macau, and his prognosis for the Las Vegas gaming industry, using the first-person plural as if he still belonged to the industry -- which he might, though definitely on the down low and from afar. Wynn, who now lives in Palm Beach, Florida, has put up his 13,500-square-foot mansion in Summerlin for sale for $25 million. So it appears that he's leaving Las Vegas behind.

In addition, he'll be 79 in January and he's a billionaire, so he certainly doesn't have to work and for better or worse, he remains somewhat toxic from the fallout of his ouster. (Last month, a federal judge for the District of Nevada dismissed a lawsuit against Wynn Resorts from nine anonymous women who claim they were sexually harassed by Wynn; the judge didn't care for the women's use of pseudonyms and ruled that their use of collective rather than individual pleading was improper.)

Wynn also had his Nevada gaming license revoked by regulators. He says it's a moot point, since he's retired from the gaming industry. So trying to develop a casino in another jurisdiction would run a cart, then horses, through that claim. Also, the states Wynn would be most likely to covet, such as Florida, tend to be tribally dominated, with strong restrictions on what games private-sector casinos can offer.

The one exception that jumps off the top of our head is the New York City area, when it becomes eligible in 2023. However, by then, he'll be 81 and he's been legally blind, from retinitis pigmentosa, since 2010. Even before then when we saw him out and about, he was always holding onto someone as he moved around and only looked in the direction of people after they started speaking to him. His eyesight can't be any better more than a decade later. And he seems content with his second wife, British socialite Andrea Hissom, who turned 50 this year (28 years younger) and has never commented publicly about her husband's alleged proclivities.

As for the other jurisdictions you suggest, Dubai doesn't permit casinos. Neither does Moscow. To set up a casino in Russia, you have to go way outside the populated regions to places like Primorsky or Krasnodar.

On the other hand, if the Macau government allows more casino concessions in 2022 (a big if), Wynn could get into the running. Ditto Japan, which is taking forever to solicit casino bids. All he'd need would be around $10 billion (which might be the easy part) and a public-image makeover.

Bottom line: We might be wrong, but we'd bet that the casino industry has heard the last of any involvement by Steve Wynn, at least publicly.

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rokgpsman Aug-29-2020

Gone but not forgotten

In spite of his womanizing I think Steve Wynn will always be fondly remembered as someone that made Las Vegas better. He was "The Man" that developed and promoted Vegas from the 1970's onward with his vision of what a casino resort should be, creating the Mirage, Treasure Island and Bellagio. These were all truly game-changing when they opened and caused other competitive places to be built that made Las Vegas a highly enjoyed place to visit for people all over the world. He didn't singlehandedly give us everything great about Vegas but no doubt he was a big part of it. His ideas for themed resorts was great, made each property unique and beloved and I still prefer that instead of the non-descript modern corporate kind of place (the TI was better when it was Treasure Island). But his era has passed, Steve Wynn is now part of the iconic Vegas past with others such as Elvis, Frank Sinatra and Liberace. I miss those years, they were a great time to visit Las Vegas.

Jerry Patey Aug-29-2020

Steve wynn

Have fond memories of him after he opened Mirage and Treasure Island. You could see him in Mirage. He would stop and talk to you. He would walk thru the casinos   My wife was tapped on shoulder and told ( hit a big one ). Who made Las Vegas? He started it all.

Jerry Patey Aug-29-2020

Wynn

He represents old Vegas that we miss. He is too old and legally blind. Doubt if he likes the new Vegas any more than we do. Despite the bad news of allegations of harassment ( which by the way was dismissed ). He was a good man. Recall he had good video poker in all his casinos. The professionals hogged the machines 24 hours at a time   He thus changed pay tables. You publish columns by professional advantage players. You should give them a big thank you for our current predicament.

O2bnVegas Aug-29-2020

A force of nature

Kudos to that judge. 

"He that is without sin among you..."  John 8:7

When you are the top dog, someone always wants to put you in the pound.

That Steve Wynn is no longer a presence in Las Vegas is a sadness, IMO.

Thanks to LVA for the update.

Jane Sanidad Aug-29-2020

ms

any idea when Boyd's will be reopening Main Street Hotel and Casino?  The opened The Cal and Fremont already.  Thank you

rokgpsman Aug-29-2020

Main St Station reopening unknown

@Jane Sanidad- 
the last statement I saw from Boyd Gaming was Aug 6, they said "no dates have been set for reopening" Main St Station, Eastside Cannery and the Eldorado (Henderson). It all depends on them getting a lot more customers and room reservations at the properties they have open. Boyd Gaming notified the city of Henderson that it planned to keep the Eldorado closed until June 2021 and had the city put the Eldorado gaming and liquor licenses in non-operational status. I suppose all of this could change if things suddenly got better and a lot more customers came to town, like if a vaccine was released that was 80% effective or some other miracle. From Boyd's point of view they have plenty of open properties to take care of customers for now. I don't know why they picked MSS to close, unless it's because it's off Fremont St and gets less foot traffic. The California is too, but it has a loyal customer base from Hawaii and a smaller hotel to fill and operate. (just an opinion)

Question of the Day - 29 August 2020

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