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72-530: In 2000, Steve Wynn agreed to sell Mirage Resorts to MGM Grand , after having led Mirage and its predecessors since 1973. Wynn laid the foundation for his next venture that same year, buying the Desert Inn for $ 270 million. Wynn found an early partner in Japanese billionaire Kazuo Okada of Universal Entertainment Corporation . Wynn, together with Universal subsidiary Aruze USA, controlled almost half

144-506: A "Captain of Capitalism" in 2007. Wynn was named to Institutional Investor's Best CEOs list in the All-America Executive Team Survey from 2008 through 2011. In March 2011, Barron's named Steve Wynn one of the 30 "World's Best CEOs." In November 2014, Wynn ranked 17th on Harvard Business Review 's list of 100 best-performing CEOs in the world. He also received an honorary doctorate degree from

216-675: A $ 7.1 billion offer collapsed in April 2019; analysts saw the bid as an attempt to diversify away from Macau, where its license was set to expire in 2022. A joint deal between the government of Macau, Las Vegas Sands, Wynn, and MGM extended the gaming licenses until 2032. On May 28, 2019, Wynn paid a $ 35 million fine to the Massachusetts Gaming Commission and the $ 500,000 fine placed on Matthew Maddox. On November 9, 2021, Wynn announced that Matthew Maddox would be stepping down as CEO on January 31, 2022. Craig Billings

288-655: A 2013 or early 2014 opening. The company considered opening a casino as part of the Entertainment City development in the Philippines , but decided against it because of corruption in the country's gaming industry. Okada decided to proceed with the project alone, leading to the rupture of his partnership with Wynn. The dispute went public with reciprocal accusations of corrupt practices. Wynn and his allies accused Okada of bribing Philippines gaming regulators with over $ 110,000 in benefits, including free nights in

360-491: A Nevada district attorney prosecuted Francis for writing a bad check to cover a $ 2 million gambling debt owed to Wynn, but the judge dismissed the case for falling outside the six-month statute of limitations. Wynn collected the debt in a separate civil case. In response to the collection, Francis stated that Wynn threatened to kill him, prompting Wynn to file suit for defamation against Francis. In February 2012, Clark County, Nevada , judge Mark Denton ruled that Francis damaged

432-567: A casino and hotel. The plan included a 2-million-square-foot office tower, as well as 5.5 acres of public parkland, a public school, and a 1 million-square-foot apartment building with 329 affordable housing units. However, supporters of the High Line later prompted Wynn to make "substantive changes to plans in response to [supporters'] concerns"; the revised plan now includes 5.6 acres of public green space in order to generate thousands of union jobs. In March 2024, Wynn Resorts released renderings of

504-645: A ceremony at the Wynn Las Vegas. Wynn suffers from the degenerative eye disease retinitis pigmentosa , which he was diagnosed with in 1971. In 2010, Wynn switched to a vegan diet after watching the documentary Eating by Mike Anderson. In May 2006, Time magazine included Wynn as one of the World's 100 Most Influential People . Wynn was appointed to the Board of Trustees of the John F. Kennedy Center for

576-597: A controlling interest in the Golden Nugget Las Vegas , one of the oldest casinos in the city. His company stake increased so that, in 1973, he became the majority shareholder, and the youngest casino owner in Las Vegas. In 1977 he opened the Golden Nugget's first hotel tower, followed by several others. Frank Sinatra was a periodic headliner at the Golden Nugget, and Wynn has since maintained

648-502: A former Los Angeles police officer and investigator for the IRS, claimed he had a change of heart because he felt that Trump used his efforts "in an immoral and unethical manner to cause financial harm" to Wynn and Mirage and thus turned "whistleblower." Wynn settled the lawsuit in 2000 and befriended Trump, who attended Wynn's wedding in 2011. Beginning in 2008, Wynn engaged in a dispute with Girls Gone Wild producer Joe Francis . In 2011,

720-591: A luxury suite at Wynn Las Vegas, while Okada claimed that Wynn Resorts' record $ 135 million donation to the University of Macau constituted a bribe. Okada resigned as vice chairman in October 2011, and the following February, after a company investigation by the Freeh Group confirmed the charges against him, the board of directors forced Aruze USA to sell back its shares at a nearly 30% discount. Aruze had been

792-720: A private boys' school east of Syracuse , New York, in 1959. After high school, Wynn studied English literature at the University of Pennsylvania , where he was a member of the Sigma Alpha Mu fraternity. Wynn graduated in 1963 with a Bachelor of Arts . Shortly before graduation, his father died during heart surgery, leaving $ 350,000 in gambling debts. Wynn, who had been accepted into Yale Law School , relinquished his admission and instead took over his family's bingo parlor in Waysons Corner, Maryland . In 1967, Wynn and his family moved to Las Vegas where he purchased

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864-624: A relationship with the Sinatra family, even naming a restaurant at Encore "Sinatra". In 1980, Wynn began construction on the Golden Nugget Atlantic City in Atlantic City , New Jersey . It was Atlantic City's first and only " locals casino " and the city's sixth casino after the city legalized gambling in 1976. Joel Bergman , who designed Wynn's other resorts, designed the Golden Nugget. Though at its opening it

936-519: A small stake in the Frontier Hotel and Casino . That year he met E. Parry Thomas , the president of the Bank of Las Vegas, which was the only bank at the time willing to extend loans to Las Vegas casinos, and Thomas helped finance several of Wynn's early land deals. Starting in 1968, Wynn also spent four years operating a wine and liquor importing company he had purchased. In 1971, Wynn bought

1008-618: Is also considered noteworthy in that The Mirage was the first casino to use security cameras full-time on all table games. The hotel became the main venue for the Siegfried & Roy show in 1990, and in 1993 the hotel hosted the Cirque du Soleil show Nouvelle Expérience . Wynn's next project, Treasure Island Hotel and Casino , opened in the Mirage's old parking lot on October 27, 1993, at an overall cost of $ 450 million. The establishment

1080-648: Is currently building Wynn Al Marjan Island which will be the first casino in the United Arab Emirates . Wynn Resorts is also exploring the possibility of developing a property in Thailand if gambling is legalized there. The Encore in Las Vegas opened shortly after the beginning of the Great Recession . Despite the additional casino at the Encore (which added 97 tables and 857 slot machines to

1152-544: Is known for amassing a large collection of fine art , often placing the pieces in his various casinos and hotels. In 2004, Wynn purchased Vermeer's A Young Woman Seated at the Virginals at a Sotheby's auction for $ 30 million. With the purchase, he became the first art collector to purchase a Vermeer painting in over 80 years. Wynn later sold the painting to the Leiden Collection owned by Thomas Kaplan for

1224-599: The Atlantic City-Brigantine Connector , was eventually built, Le Jardin was cancelled after the company was acquired in 2000 by MGM Grand Inc. , which later built the Borgata , in a joint venture with Boyd Gaming , on the site. On October 15, 1998, Wynn opened the even more opulent Bellagio , a $ 1.6 billion resort considered among the world's most spectacular hotels. The architect was Jon Jerde of The Jerde Partnerships, and construction

1296-670: The Department of Justice ordered Wynn to register as a foreign agent of China, and filed a civil lawsuit. He denied acting as a foreign agent and lobbying on China's behalf. The case was dismissed in October 2022. The court did not determine whether Wynn actually acted as a foreign agent but ruled that he could not be retroactively compelled to register after his alleged relationship with the Chinese government had ended. Together with his spouse, Wynn contributed $ 1.5   million to Donald Trump 's 2020 presidential campaign . Wynn

1368-711: The Golden Nugget , the Golden Nugget Atlantic City , The Mirage , Treasure Island , the Bellagio , and Beau Rivage in Mississippi , and he played a pivotal role in the resurgence and expansion of the Las Vegas Strip in the 1990s. In 2000, Wynn sold his company, Mirage Resorts , to MGM Grand Inc., resulting in the formation of MGM Mirage (now MGM Resorts International ). Wynn later took his company Wynn Resorts public in an initial public offering and

1440-719: The Hudson Yards Redevelopment Project , which comprises 28 acres (0.11 km ) in Manhattan's Chelsea and Hell's Kitchen neighborhoods. Related is also the largest private owner of affordable housing in the United States. The company's real estate assets, valued at over $ 60 billion, is made up of mixed-use, residential, retail, office, hospitality in what the company calls "premier high-barrier-to-entry markets." Related has developed mixed-use projects such as Deutsche Bank Center ,

1512-826: The Republican Governors Association and also donated $ 411,000 to the National Republican Senatorial Committee , $ 248,000 to the Republican National Committee , and $ 100,000 to the National Republican Congressional Committee . In 2016, Wynn donated $ 833,000 to Republican Party joint fundraising committees. After Donald Trump won the 2016 U.S. presidential election , Wynn was named a vice-chairman of Trump's inauguration committee. After

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1584-615: The University of Macau Development Foundation. Wynn later accused Okada's company, Aruze, of violating the Foreign Corrupt Practices Act , leading to a Department of Justice probe into Aruze's gifts of hotel rooms and other expenses to Philippine, South Korean, and Japanese gaming officials. In a March 2013 U.S. Securities and Exchange Commission (SEC) filing, Wynn noted that while the Okada dispute could cut into Wynn's profits, beyond an "informal" SEC inquiry into

1656-530: The University of Michigan approved construction for the $ 250 million UM Center for Innovation, which will be developed by Related in partnership with ODM. The groundbreaking ceremony for the Hudson Tunnel Project , a new river tunnel that would double the amount of trains coming from and to New Jersey, took place in November 2023. Related is leading the construction of the concrete casing of

1728-484: The University of Pennsylvania in 2006, which was rescinded following Wynn's sexual misconduct allegations in 2018. In 1991, Dennis Gomes, president of Wynn's Golden Nugget , left his position to join Donald Trump 's Trump Taj Mahal in Atlantic City, New Jersey , receiving a $ 1 million bonus in lieu of equity . Wynn filed suit against Trump and Gomes for breach of contract, as Gomes was contracted to work at

1800-597: The 1,835-room Beau Rivage . Themed to blend Mediterranean beauty with Southern hospitality, the resort was part of a building boom that established Biloxi as a regional tourism center along the Mississippi Gulf Coast . Beau Rivage was originally the name Wynn wanted to give the Bellagio, though he had decided on Bellagio after vacationing in the Italian region of the same name . Beau Rivage opened as

1872-555: The 1990s to design The Chatham on the corner of 65th Street and Third Avenue . In September 2012, Ross became chairman, and Jeff Blau stepped into the role of CEO. In 2014, the United States Department of Justice filed a lawsuit against the company and several other large NYC developers, claiming failure to comply with the Americans with Disabilities Act of 1990 . Related announced its plans to develop

1944-540: The 2008 film Monet's Palate with Meryl Streep and distributed by American Public Television . Many of the collection's pieces were on display at the Bellagio. The collection was on display at the Nevada Museum of Art in Reno while the Wynn Las Vegas was being constructed and was installed in the resort shortly before it was opened. The Wynn Las Vegas gallery, which had charged an entrance fee, closed shortly after

2016-569: The Grand LA, and CityPlace . In 1972, Stephen M. Ross founded Related Companies with a $ 10,000 loan from his mother and a business plan focused on affordable housing. Related originally began as the Related Housing Companies, which built thousands of subsidized low and moderate income apartments nationwide. By the 1980s, the company turned towards higher-profile projects. Related hired architect Robert A.M. Stern in

2088-568: The January 2017 inauguration of Donald Trump , Wynn was named finance chairman of the Republican National Committee . In October 2017 The Wall Street Journal reported that Wynn, who has financial interests in China, lobbied President Trump on behalf of the Chinese government to return a Chinese dissident, Guo Wengui , to China. On January 28, 2018, Wynn resigned from the finance chairman position amid sexual misconduct allegations. In May 2021,

2160-603: The Macau donation, there was no formal investigation underway. In July 2013, the SEC announced that its investigation into the Macau donations was concluded and it would not pursue any enforcement action against Wynn or Wynn Resorts. In 2014, Wynn sued hedge fund manager James Chanos for slander after Chanos, at a Berkeley event, allegedly said Wynn violated the Foreign Corrupt Practices Act. Wynn's lawsuit

2232-476: The Nugget until 1992. Gomes settled in 1994. Also in 1991, Gomes alleged in a countersuit that Wynn used harsh language against Gomes, but Wynn's representatives denied the allegations. In 1997, Wynn sued Barricade Books for defamation over the catalog description of an unauthorized biography Running Scared by John L. Smith. Wynn was initially awarded $ 3.2 million, forcing Barricade into bankruptcy. In 2001

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2304-628: The Performing Arts by President George W. Bush on October 30, 2006. In November 2006, Wynn was inducted into the American Gaming Association Hall of Fame . He has also received honorary doctoral degrees from the University of Nevada, Las Vegas ; Sierra Nevada College ; The Culinary Institute of America ; and Johnson & Wales University in Providence, Rhode Island . Forbes magazine named him

2376-523: The Tunnel. The following month, Related broke ground on Willets Point , the largest New York City affordable housing project in 40 years. The company announced in July 2024 that Ross would be stepping down as chairman of Related Companies to focus on his other business ventures. Ross will continue to serve as nonexecutive chairman of Related Companies, while Jeff Blau, Bruce Beal Jr., and Kenneth Wong will run

2448-573: The United States and in Macau, the company began a recovery of revenues and profits. In 2022 it bought back $ 628 million shares. 47% of Wynn's American employees are unionized. The largest union of Wynn employees is the Culinary Workers Union which agreed to delay automatic contractual wage increases for its members during the COVID-19 pandemic. In 2023 the union reached a new five year agreement with Wynn which provided pay raises for

2520-776: The Wynn Palace in Cotai , Macao, PRC. It was previously approved by the Macau government in 2012. In September 2014, Wynn was awarded the license to build the Wynn Boston Harbor casino in the eastern Massachusetts city of Everett , near downtown Boston . In 2018, the Wall Street Journal reported that dozens of people recounted a pattern of sexual misconduct by Wynn, including several former employees. On February 6, 2018, Wynn stepped down as CEO of Wynn Resorts, though he denied all allegations. In

2592-581: The allegations. Steve Wynn was born Stephen Alan Weinberg in New Haven , Connecticut , on January 27, 1942. His father, Michael, owned a chain of bingo parlors in the eastern United States. His mother Zelma (née Kutner), was from Maine. Wynn’s father changed the family's last name in 1946 from "Weinberg" to "Wynn" when Steve was 4 years old "to avoid anti-Jewish discrimination". Wynn was raised in Utica , New York , and graduated from The Manlius School ,

2664-574: The company amidst sexual allegations and was replaced by Matthew Maddox. Amid sexual harassment lawsuits involving directors, Maddox announced the planned departure of two board members, Ray Irani and Alvin Shoemaker, on March 7, 2018. The departure of Irani and Shoemaker was to reassure investors that the corporate culture was changing. In April 2018, the company nominated three women to the board of directors: Dee Dee Myers, Betsy Atkins, and Wendy Webb. Talks between Wynn and Crown Resorts of Australia for

2736-492: The company unveiled The Cortland, a 25-story luxury residential building designed by Robert A.M. Stern and Olson Kundig . Related’s Quinn property broke the record for most expensive home sold in Boston’s South End in November 2022; the unit sold for $ 7.4 million. In late 2022, Related entered into a partnership with Wynn Resorts to develop an integrated resort with a casino on the western yard. The next year, it

2808-604: The company's largest shareholder, with a 19.7% stake. On September 17, 2014, the Massachusetts Gaming Commission voted to approve Wynn Resorts' proposed $ 1.6 billion casino to be located in Everett, Massachusetts on the Mystic River , just north of Boston . This project will be known as Encore Boston Harbor and was scheduled to open in 2019. On February 6, 2018, Steve Wynn resigned as CEO of

2880-727: The company's second project started construction on June 28, 2004. It opened September 5, 2006 and is now the largest-grossing casino in the region. Encore , an extension to Wynn Las Vegas, broke ground on April 28, 2006, the first anniversary of the opening of Wynn Las Vegas. Encore at Wynn Macau , the company's second project on the Macau Peninsula , Macau , People's Republic of China , opened on April 21, 2010. A second resort in Macau, Wynn Palace in Cotai , opened August 22, 2016. Wynn bought 52 acres (21 ha) in Cotai, Macau where he hoped to break ground in 2012 for Wynn Cotai for

2952-530: The deal was closed (April 27, 2000) Wynn purchased the Desert Inn for $ 270 million. He closed the Inn later that year. Wynn took Wynn Resorts Limited public in 2002. Wynn became a billionaire in 2004, when his net worth doubled to $ 1.3 billion. On April 28, 2005, he opened his most expensive resort at the time, the Wynn Las Vegas , on the site of the former Desert Inn. Built at a cost of $ 2.7 billion, it

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3024-446: The employees and was approved with 99% of the vote. Steve Wynn Stephen Alan Wynn ( né Weinberg ; born January 27, 1942) is an American real estate developer and art collector. He was known for his involvement in the luxury casino and hotel industry , prior to being forced to step down. Early in his career he oversaw the construction and operation of several notable Las Vegas and Atlantic City hotels, including

3096-596: The gaming authority's findings that former company executives covered up sexual misconduct allegations against Steve Wynn. The Related Companies Related Companies, L.P. is an American real estate firm with headquarters in New York City , and with offices around the country including in West Palm Beach , Chicago , Boston , Los Angeles , San Francisco , as well as in London . Related developed

3168-587: The highest price paid for any piece of art. However, Wynn put his elbow through the canvas while showing it to a group of guests. This canceled the sale, and after a $ 90,000 repair, the painting was estimated to be worth $ 85 million. Wynn sued his insurance company over the $ 54 million difference with the virtual selling price. The case was settled out of court in April 2007. In 2013, Wynn sold Le Rêve to Steven A. Cohen for $ 155 million. Wynn married Elaine Farrell Pascal in 1963. They divorced in 1986, remarried in 1991, and divorced again in 2010. Elaine Wynn

3240-455: The issue. Wynn has dealt with several legal issues related to sexual misconduct allegations that were covered by The Wall Street Journal in 2018. One accusation came from a manicurist whom Wynn later paid a $ 7.5 million settlement. In February 2018, Nevada regulators fined Wynn's company $ 20 million for failing to respond to sexual misconduct claims. In April 2019, the Massachusetts Gaming Commission fined Wynn Resorts $ 35 million due to

3312-450: The largest hotel-casino to be built outside Nevada. The casino was initially located on a series of floating barges, as local law confined all casinos to mobile marine vessels at the time. The hotel, restaurants, and associated facilities were constructed on land. Mirage Resorts was sold to MGM Grand Inc. for $ 6.6 billion ($ 21 per share) in June 2000 to form MGM Mirage . Five weeks before

3384-504: The name Encore Boston Harbor . In 2006, Wynn was inducted into the American Gaming Association Hall of Fame . As of September 2015, Wynn's net worth was estimated by Forbes at $ 2.4 billion, making him the 279th wealthiest American. Steve Wynn collects fine art , including pieces by artists such as Picasso and Claude Monet . On February 6, 2018, Wynn stepped down as CEO of Wynn Resorts amid accusations of sexual misconduct including harassment, assault, and coercion. Wynn has denied

3456-465: The original 190 tables and 2000 slots), net casino revenues for the combined resort were initially lower. Similarly, in the first quarter of 2009, net revenues of the Macau operations declined. Following the global economic recovery, performance of the Wynn properties also recovered. Wynn remained the only gaming operator to not perform mass layoffs during the recession. In 2017 CNBC reported that Wynn's stock

3528-593: The original design had already been modified. The current plan now includes 5.6 acres of public green space and will generate thousands of union jobs. In 2023, Related Midwest opened the Row Fulton Market , a 294-unit luxury rental condo that is the tallest building in Chicago’s Fulton Market District . That same year, Related and The Olayan Group began the first BTR rental home offering at Author King’s Cross . In October 2023,

3600-639: The past, Wynn has financially supported both the Democratic and the Republican Party , for example contributing $ 200,000 to the Republican Governors Association in 2013. In 2011 he spoke in support of Nevada Senator Harry Reid . Though he supported Barack Obama in the 2008 election , in 2011 he expressed disappointment with Obama's policies relating to economic issues. In December 2010, Prince Albert II of Monaco bestowed Monegasque citizenship to Wynn, an unusual act since Wynn did not meet

3672-406: The prerequisites. According to the Las Vegas Sun , Wynn was given citizenship when he agreed to be an outside director in Monaco QD International Hotels and Resorts Management, which is a joint venture between the governments of Monaco and Qatar. The organization buys and manages hotels in Europe, the Middle East and North America. Between 2012 and 2018, Wynn contributed more than $ 2.5 million to

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3744-439: The proposed resort and other components of the western portion of the project. As of 2024, Wynn Resorts is bidding for a casino license to build an integrated resort at the Hudson Yards in New York City . Wynn Resorts is proposing to build a 1,189 foot tall 80 story hotel and casino above the western portion of the West Side Yards . The hotel would have 1,750 rooms, making it one of the largest hotels in New York City . Wynn

3816-401: The proposed resort and other components of the western portion of the project. In July 2024, the non-profit group Friends of the High Line claimed that the plan to build a 20-story podium and sky scraper on the western section of the site would overwhelm the park. In response, Related’s CEO downplayed the complaint saying that Related met with the non-profit group “ten times in the past year” and

3888-435: The redevelopment of properties under the iconic Citgo sign . The company launched Lantern House and 360 Rosemary, West Palm Beach’s first Class A office in over a decade, in September of that year. The Grand LA opened in July 2022. Designed by Frank Gehry , the $ 1.3 billion development includes a 45-story multifamily structure, a 28-story hotel and 164,000 square feet of retail and restaurant space. In October 2022,

3960-526: The reputation of Wynn and awarded Wynn $ 7.5 million in damages. In September 2012, after Francis repeated the alleged threat on television and Wynn added a second defamation claim, a jury awarded Wynn $ 40 million in compensatory and punitive damages. The judgment was amended to $ 19 million, after Wynn failed to prove that Francis could pay the original amount. In January 2012, Wynn's former business partner Kazuo Okada filed suit to gain access to company documents related to Wynn's pledge to donate $ 135 million to

4032-490: The ruling was thrown out by the Supreme Court of Nevada . A retrial was scheduled for 2004. The issue was settled between Wynn and New York publisher Lyle Stuart in a confidential agreement, and the case dismissed. In a legal battle over an attempt by Wynn-controlled Mirage to build a casino in Atlantic City , Donald Trump claimed in a lawsuit that Wynn used a private investigator as a double agent to secretly record conversations with Trump. The investigator, Louis Rodriguez,

4104-442: The same "property" though they are separate hotels. After having started construction in 2006, the overall cost of the project equaled $ 2.3 billion. Encore opened on December 22, 2008. As of December 31, 2012, Wynn and Encore Las Vegas employed approximately 9,000 full-time employees. Encore at Wynn Macau , an expansion of Wynn Macau similar to the expansion of the Las Vegas property, opened on April 21, 2010. In 2016, Wynn opened

4176-599: The same price. In 2006, Wynn acquired J. M. W. Turner 's Giudecca, La Donna Della Salute and San Giorgio for $ 35.8 million via an anonymous telephone auction. Although Wynn did not officially identify himself as the buyer, his identity was confirmed by two people acquainted with the transaction. Wynn purchased the painting from the St. Francis of Assisi Foundation, a White Plains -based nonprofit organization that supports Capuchin priests on their missionary trips. Steve Wynn's private art collection with specific commentary about his paintings by Claude Monet are highlighted in

4248-447: The start of 2006. The artwork from the former gallery was then scattered around the resort. In 2009, he spent $ 33.2 million on Rembrandt 's Man with His Arms Akimbo , the auction record for the artist. Under the direction of Steve Wynn, Wynn Resorts acquired Jeff Koons 's Tulips at auction in November 2012 for approximately $ 33.6 million. In May 2014, Wynn acquired Popeye from the same artist for over $ 28.165 million, putting

4320-456: The stock, making it harder for outside investors to exert control, as they had done at Mirage in response to Wynn's prolific spending. Wynn hired investment banker Ronald Kramer as president and director in 2002 in order to help take the company public and oversee its expansion. Wynn Resorts made its initial public offering on NASDAQ on October 25, 2002. The company's first project, Wynn Las Vegas , opened on April 28, 2005. Wynn Macau ,

4392-480: The work on display at Wynn Las Vegas. In February 2020, Wynn bought two Picasso paintings from Donald Marron 's collection for $ 105 million: Woman with Beret and Collar and Jacqueline . Le Rêve is the Picasso portrait that was the working name of Wynn's resort project. Wynn purchased the painting from an anonymous collector in a private sale in 2001. In 2006, he reportedly was to sell it to Steven A. Cohen for $ 139 million, which would at that time have been

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4464-414: The £5 billion, 180-acre North London neighborhood, Brent Cross Town, in 2020. It is currently under development. In 2021, Related was one of the founders of energyRe, a clean energy company. In May 2021, Time Warner sold One Columbus Circle back to Related, and the building was renamed the Deutsche Bank Center. Related also signed its first major lease with WHOOP at One Kenmore Square as part of

4536-625: Was Wynn Resorts' CEO and Chairman of the Board until February 6, 2018, when he announced his resignation. He is a prominent donor to the Republican Party and was the finance chair of the Republican National Committee from January 2017 to January 2018, when he resigned amid sexual misconduct allegations. Through Wynn Resorts, he has overseen the construction and development of several luxury resorts, opening Wynn Las Vegas in 2005, Wynn Macau in 2006, Encore Las Vegas in 2008, Encore at Wynn Macau in 2010 and Wynn Palace in Macau in 2016, and Wynn Everett near Boston which opened in June 2019 under

4608-420: Was a director of the company's board for 13 years, ending in 2015. They have two daughters, Kevyn and Gillian. Kevyn was kidnapped in 1993 and Wynn paid $ 1.45 million in ransom for her safe return. The kidnappers were apprehended when one attempted to buy a Ferrari in Newport Beach, California , with cash. Kevyn was found unharmed several hours later. On April 30, 2011, Wynn married Andrea Danenza Hissom in

4680-545: Was announced that the plan would include a "'resort' tower", developed with Wynn, as well as a casino and hotel. The plan includes a 2-million-square-foot office tower, as well as 5.5 acres of public parkland, a public school, and a 1 million-square-foot apartment building with 329 affordable housing units. The 1,189 feet (362 m) proposed hotel, located west of 11th Avenue, would be 80 stories tall and would include 1,750 rooms, making it one of largest hotels in New York City if built. In March 2024, Wynn Resorts released renderings of

4752-425: Was dismissed, with U.S. District Judge William Orrick III ruling that Chanos's remark was constitutionally protected speech. Wynn was also ordered to pay Chanos' legal fees. Wynn's subsequent appeal was rejected by the U.S. Court of Appeals for the Ninth Circuit . Wynn has sought to weaken Nevada's anti- strategic lawsuit against public participation (SLAPP) legislation. He has publicly clashed with Yelp over

4824-416: Was named as successor to Maddox. Previously, Craig Billings was the CEO of Wynn Interactive and former CFO of Wynn Resorts. Billings assumed the role of CEO effective February 1, 2022. In late 2022, Wynn entered into a partnership with Related Companies to develop an integrated resort with a casino on the western yard. The next year, it was announced that the plan would include a "'resort' tower" as well as

4896-414: Was the home of the first permanent Cirque du Soleil show in Las Vegas. In 1995, Wynn's company proposed to build the Le Jardin hotel-casino in the marina area if the state of New Jersey built a road that connected to the hotel-casino. The company had also agreed to allow Circus Circus Enterprises and Boyd Gaming to build casinos on the site, but later reneged on the agreement. While the road, called

4968-422: Was the largest privately funded construction project in the nation as of 2005. Wynn successfully bid for one of three gaming concessions opened for tender in Macau . This property, known as Wynn Macau , opened on September 5, 2006. In the summer of 2008, hiring began for Encore Las Vegas , the newest in Wynn's collection of resorts. The tower of Encore is modeled after the Wynn Las Vegas tower, and they share

5040-470: Was the second smallest casino in the city, by 1983 it was the city's top earning casino. Wynn sold the Atlantic City Golden Nugget in 1987 for $ 440 million. Wynn's first major casino on the Las Vegas Strip was The Mirage , which opened on November 22, 1989. It was the first time Wynn was involved with the design and construction of a casino, and he financed the $ 630 million project largely with high-yield bonds issued by Michael Milken . Its construction

5112-600: Was undertaken by Wynn's company Mirage Resorts, Inc. When built, the Bellagio was the most expensive hotel in the world. In front of the hotel are the Fountains of Bellagio—shooting fountains choreographed to music that "dance" on the hotel's 8.5-acre man-made lake—which are now considered Las Vegas landmarks. The Bellagio is credited with starting a new spree of luxurious developments in Las Vegas. Among these developments include The Venetian , Mandalay Bay , and Paris Las Vegas . Wynn brought Mirage Resorts' style to Biloxi , Mississippi , in 1999, where he oversaw development of

5184-422: Was up 44% for the year and that Wynn's Macau operations were the leading US-based resorts there. Wynn resorts continued to operate during the pandemic while requiring employees who choose not to receive a COVID-19 vaccination to submit weekly test results for the virus. The company indefinitely suspended it dividend in response to liquidity issues during the pandemic. Shortly after pandemic restrictions were lifted in

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