Steve Wynn : Changing Las Vegas

With the Corporate Gaming Act of 1969, Las Vegas began a slow transition towards “respectability.” Gambling in Las Vegas was gaining in popularity in the 1950’s and 1960’s, but the mob presence itself was preventing Las Vegas from attracting the necessary outside funds to turn it into a dominant Metropolis (204). “Nevada seemed to be shedding this image in favor of the many new family-oriented “theme resorts” that were being built, especially in Las Vegas (204). Then there’s The Rat

The city of Las Vegas is considered to be one of the best entertainment locations in the world. Only in Vegas can you find top notch travel amenities and luxurious resorts, accompanied by world class dining and entertainment. Recognized throughout the world, the Las Vegas Strip is the iconic image of dreams and possibilities dependent only on Lady Luck. Not all winning takes place on the craps tables or slot machines. Las Vegas continues to reinvent itself, seeking better and more glamorous ways to enrich the visitors’ experience and score a win for the travel industry. It is this reinvention, this type of guest winning that brings me to discuss and explore the success of The Cosmopolitan of Las Vegas.

MGM Resorts International, NAICS Code 721120 are a sound global hospitality company that is featured in the Fortune 500 that operates an assortment of portfolios of destination resort brands. The operations of the company are divided into two divisions that include the MGM China as well as the Wholly Owned Domestic Resorts. Via the division on Wholly Owned Domestic Resorts, the company manages, owns and operates 15 resorts located in Nevada, Mississippi and Michigan. The resorts located in Las Vegas comprise of the MGM Grand Las Vegas, Bellagio, the Mirage, Mandalay Bay, Monte Carlo, Luxor, Excalibur, Circus-Circus and New York-New York. Resorts located in other cities in Nevada are the Gold Strike in Jean, Circus-Circus in Reno and Railroad Pass in Henderson. Beau Rivage and Gold Strike are in Mississippi and MGM Grand Detroit is in Michigan. The organization additionally possesses Shadow Creek, an elite golf course found ten miles north of its Las Vegas Strip resorts, and Primm Valley Golf Club at the California/Nevada state line. The company owns additional land adjacent to Borgata, a portion of which consists of common roads, landscaping and master plan improvements, and a portion of which was planned for a wholly-owned development, MGM Grand Atlantic City ("Market Research Reports - Research and Markets - Page unavailable," n.d.). The company additionally owns over 50% of other properties in Nevada and Illinois. For the concurrent segment, MGM

The story of this company begins in 1967 when a man operating under the International Leisure Company, by the name of Kirk Kerkorian buys The Flamingo casino and starts constructing The International Casino, all in Las Vegas Nevada. Two years later The International opens as the largest hotel in the world with 1,500 rooms. In 1971 the International Leisure company is bought out by Hilton, becoming the Las Vegas Hilton and Flamingo Hilton. In 1973 Kirk had not yet had enough and built the MGM Grand which became the newest hotel to feature the award of largest in the world. It had an astonishing 2,100 rooms. Between 1978 and 1979 MGM Grand Reno Nevada opens and a discard of plans to build an MGM Grand Atlantic City occurs.

Is Las Vegas’ history “conventional,” like most other American cities? One might be tempted to dismiss that idea out of hand, however, a closer look at Las Vegas’ history may surprise the sceptic. Las Vegas’ beginnings was fairly conventional from it’s earliest infancy. Its start as a missionary outpost, to frontier ranch, to a railroad town was rather typical of the discovery and development of a new frontier town. The unsavory social faux pas of drinking, gambling, and prostitution was commonplace in railroad towns (and cities) throughout the country. As expected, Las Vegas too felt the effects of the Great Depression and benefited from Public Works Projects from the federal government--as did many of the cities and towns throughout the country--through the building of the Hoover Dam and

Bellagio is a resort, luxury hotel and casino on the Las Vegas Strip in Paradise, Nevada. It is owned by MGM Resorts International and was built on the site of the demolished Dunes hotel and casino. Inspired by the Lake Como town of Bellagio in Italy, Bellagio is famed for its elegance. One of its most notable features is an lake between the building and the Strip, which houses the Fountains of Bellagio, a large dancing water fountain synchronized to music.

MGM Resorts International is one of the biggest Hospitality and Entertainment Company tracing all the way back to 1969. Its original name was the Grand Name Co. in 1986 and later changed to the MGM Grand Inc. It was said that Kirk Kerkorian was the man behind the creation of the resorts, when he created the MGM Grand Hotel in 1973. It wasn’t until 1993, when construction of the MGM Grand Las Vegas opened in December costing $1 billion dollars. During that time, MGM Resorts International began acquiring joint ventures to construct the hotel New York New York, which cost a total of $460 million dollars.

From previous posts it appears folks do enjoy Vegas trivia. There is a never ending supply too, so the challenge to know it all is ongoing. Let's try another one. Did you know this?

The mafia’s reign in Las Vegas unofficially ended in the 1980s and the city entered into the corporate, family friendly environment of today. Las Vegas is now a top destination for business conventions. Steve Wynn, the developer of the Mirage, can be credited as the person who facilitated that transition. When the Mirage opened in 1989, it was the largest casino in the world with an unprecedented budget of $630 million. That was a very risky investment at the time as it would have been impossible to make any profits unless the casino could draw a large increase in the number of Las Vegas tourists. In short, Wynn’s ability to obtaining the financing for that casino was no small feat. After all, most Wall Street firms were still gun shy about such a venture and secretive Teamster loans were no longer an option. In the end, Steve Wynn raised the majority of the financing through the “Junk Bond King” Michael Milken.

A full-service resort that I have wanted to stay in since my first trip to Las Vegas is the Aria Resort and Casino. This may sound kind of boring since the resort is three miles away from campus, but the Aria is my favorite resort on the Strip. Opening in 2009, the Aria is one of the newer properties on the Strip and is in the CityCenter complex. The resort does not focus on one single concept, but several different ones, to provide a wide array of amenities. The property has 4,004 rooms and suites and 28 different restaurant options. However, these tidbits relating to the rooms and dining options are a given for any five-star resort. Three other amenities offered by the Aria are their nightclub, spa and casino. These three amenities all offer different things that travelers love.

Wynn Resorts Limited is a publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos. It was formed on October 25, 2002 by former Mirage Resorts Chairmen and CEO Stephen A. Wynn. The target client base for Wynn Resorts are affluent individuals who seek the highest quality—Wynn and its sister property Encore hold more Forbes Five Star awards than any other casino resort in the world. Recently, Steve Wynn has taken his brand global by building in Macau, China. With the opening of the Wynn and Encore Towers, Steve Wynn has proven that upscale gambling can be accomplished outside of Las Vegas. Steve Wynn’s marketing strategy is to emphasize the quality of service

Casinos don’t come much bigger and better than Caesars Palace. This is one of the original big Vegas casinos, and it has a fearsome reputation that even the mightiest casinos on the Las Vegas Strip can only dream of. But what it is about Caesars Palace that is so alluring? In this article, we will take a closer look at the global goliath that is Caesars Palace, and see just why it holds such a special place in every Las Vegas gambler’s heart.

With a variety of casinos on the strip, it is hard to stand out and become the leading casino on the Las Vegas strip; however, with the right stand out strategy it is not impossible. Harrah's will have to implement a plan to stick out from the rest of the casinos. For example the Mirage has a volcano, Paris has an Eiffel Tower and Treasure Island has a pirate show just to name a few. Do you see a theme? Without a prominent attraction, Harrah's will concentrate on our other features like the reputation of its sister properties, the fun atmosphere, friendly staff and high quality technology to attract its customers.

The 5 star Wynn Las Vegas hotel is located on the Las Vegas Strip, with each room features two double pillow-topped beds, a marble bath, separate shower and water closet. Each room has floor to ceiling windows with views of either the Wynn golf course or the Las Vegas Strip. Wi-Fi, a safe, temperature control, iPod/iPhone docking stations and video-on-demand are also available for all rooms.

Wynn Resorts Limited (Wynn) is high-end developer and operator of resort-style casinos. Wynn offers hotel rooms and suites, gambling, fine-dining, spas, and boutiques. Founded in 2002 by American business magnate Steve Wynn, the company currently has two locations in Las Vegas, Nevada and two locations Macau, China. In 2016, Wynn plans to open Wynn Palace, a 1,700 room hotel and casino in Macau. The company is publicly traded on the NASDAQ Global Select Market under the ticker symbol WYNN.