Steve Wynn

Stephen Alan Wynn (né Weinberg; born January 27, 1942) is an American real estate developer and art collector.

[3][4] Early in his career he oversaw the construction and operation of several notable Las Vegas and Atlantic City hotels, including 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.

[8] Steve Wynn collects fine art, including pieces by artists such as Picasso and Claude Monet.

[10][4][11] Steve Wynn was born Stephen Alan Weinberg on January 27, 1942 in New Haven, Connecticut to a Jewish family.

[13] After high school, Wynn studied English literature at the University of Pennsylvania, where he was a member of the Sigma Alpha Mu fraternity.

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.

[13] In 1967, Wynn and his family moved to Las Vegas where he purchased a small stake in the Frontier Hotel and Casino.

[citation needed] In 1971, Wynn bought a controlling interest in the Golden Nugget Las Vegas, one of the oldest casinos in the city.

[20] 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.

[22] 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.

[24][25][26] On October 15, 1998, Wynn opened the even more opulent Bellagio, a $1.6 billion resort considered among the world's most spectacular hotels.

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.

[40] In 2018, the Wall Street Journal reported that dozens of people recounted a pattern of sexual misconduct by Wynn, including several former employees.

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.

[61] 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.

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.

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.

[67] In February 2020, Wynn bought two Picasso paintings from Donald Marron's collection for $105 million: Woman with Beret and Collar and Jacqueline.

[86] Wynn was appointed to the Board of Trustees of the John F. Kennedy Center for the Performing Arts by President George W. Bush on October 30, 2006.

[95] In 1997, Wynn sued Barricade Books for defamation over the catalog description of an unauthorized biography Running Scared by John L.

In 2011, 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.

[111] Wynn's lawsuit was dismissed, with U.S. District Judge William Orrick III ruling that Chanos's remark was constitutionally protected speech.

[115] In March 2024, Wynn filed a petition asking the Supreme Court to overturn New York Times v. Sullivan, which protects the media's ability to aggressively cover public officials.

[116] Wynn has dealt with several legal issues related to sexual misconduct allegations that were covered by The Wall Street Journal in 2018.

[43][10] In February 2018, Nevada regulators fined Wynn's company $20 million for failing to respond to sexual misconduct claims.

Circuit Court of Appeals after Judge Miranda Du ruled in favor of Wynn Las Vegas, holding that the claim was not made within the statute of limitations and Angelica Limcaco's attorney, Jordan Matthews, argued that the time limits should not apply because Limcaco feared for her personal safety.

Jordan Matthews filed a petition with the Ninth Circuit in March 2020 questioning the Nevada District Court's selection of Elayna Youchah as a magistrate judge.

[119] In May 2020, Judges William A. Fletcher, Jay S. Bybee and Paul J. Watford, heard oral argument on the Limcaco case in San Francisco, California.

[120] In March 2018, lawyer Lisa Bloom announced that she would represent a former dancer in a sexual misconduct suit against Wynn.

[125] In 2020, a Nevada judge ruled that a woman defamed Wynn when she reported in 2018 that he had raped her in the 1970s, noting that her testimony lacked veracity.

Wynn's first major Las Vegas Strip casino was The Mirage .
Wynn's company Mirage Resorts oversaw the construction of the Bellagio , which at the time was the most expensive hotel in the world. Like Wynn's previous resorts, the Bellagio features an extensive water show on the Strip.
The Encore Hotel in Las Vegas, showing the shops inside the buildings.
Encore Las Vegas (pictured) was opened in 2008 on the same property as Wynn Las Vegas , though they are separate hotels.
Wynn is a collector of fine art and has bought numerous works by artists such as Paul Cézanne , Paul Gauguin , Vincent van Gogh , Julian Hatton , Édouard Manet , Henri Matisse , Pablo Picasso , Andy Warhol , and Johannes Vermeer .
Close to the Wizard of Oz by Julian Hatton. [ 59 ]