Steve Wynn Announces $1.5B Las Vegas Project

Wed May 10, 2017 - West Edition #10
CEG

Rendering of Steve Wynn’s latest vision, Paradise Park, Las Vegas.
Rendering of Steve Wynn’s latest vision, Paradise Park, Las Vegas.



Casino mogul Steve Wynn wants to spend $1.5 billion reshaping a golf course behind the existing Wynn and Encore resort towers on the Las Vegas Strip into a 38-acre lagoon beside a 1,000-room hotel with a casino, restaurants and nightlife attractions.

The Wynn Resorts Ltd. board approved the proposal to build on the former Desert Inn golf course in late April.

Wynn is company chief executive and chairman. He told investors that he envisions white sand beaches around a lake that could host daytime water skiing, paddle boarding and parasailing, and fireworks at night.

Wynn bought the golf course in 2000.

The project is tentatively called Wynn Paradise Park. It might open in 2020 if work starts next year.-AP