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MarketScreener Homepage  >  News  >  Business Leaders  >  Business Leaders Biography

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Portrait de Steve Wynn
Birthday : 01/27/1942
Place of birth : New Haven (Connecticut) - United States
Public asset : 2,032,060,923 USD
Country of residence : United States

Summary 
Stephen Alan Wynn is a businessperson who founded Wynn Resorts Ltd. and Wynn Macau Ltd. and who has been at the helm of 7 different companies. Presently, Mr. Wynn occupies the position of Chairman of Wynn Las Vegas LLC. Mr. Wynn is also on the board of Monaco Qd International Hotels & Resorts.

In his past career he occupied the position of Chairman & Chief Executive Officer at Wynn Resorts Ltd. Chairman & Chief Executive Officer of Wynn Macau Ltd. Chairman & Chief Executive Officer at Wynn Resorts (Macau) SA and Managing Member at Valvino Lamore LLC (which are all subsidiaries of Wynn Resorts Ltd.), Chairman, President & Chief Executive Officer at Golden Nugget, Inc., Chairman, President & Chief Executive Officer at Mirage Resorts, Inc. and Chairman at The Mirage Casino & Hotel LLC.


Current positions of Steve Wynn 
NameTitle Since
Wynn Las Vegas LLC Chairman -
Monaco Qd International Hotels & Resorts Director 2010


Steve Wynn : Personal Network 
NameLinked companies
Robert Jos Miller Wynn Las Vegas LLC
James Edward Virtue Wynn Las Vegas LLC
Ray R. Irani Wynn Las Vegas LLC
Daniel Boone Wayson Wynn Las Vegas LLC
Alvin V. Shoemaker Wynn Las Vegas LLC
John J. Hagenbuch Wynn Las Vegas LLC
Dean J. Lawrence Wynn Las Vegas LLC
Patricia Mulroy Wynn Las Vegas LLC
Clark T. Randt Wynn Las Vegas LLC
Maurice L. Wooden Wynn Las Vegas LLC


Biography of Steve Wynn 
Stephen Alan "Steve" Wynn (born January 27, 1942) is an American business magnate. He played a pivotal role in the 1990s resurgence and expansion of the Las Vegas Strip. His companies refurbished or built what are now widely recognized resorts in Las Vegas, including the Golden Nugget, The Mirage, Treasure Island, Bellagio, Wynn, and Encore.

Now, as Chairman of the Board and Chief Executive Officer of Wynn Resorts, Limited, Wynn has developed Wynn Las Vegas, which opened on April 28, 2005; Wynn Macau, which opened in September 2006; Encore at Wynn Las Vegas, which opened December 22, 2008; and Encore at Wynn Macau, which opened on April 21, 2010.

As of June 2014, Wynn is the 428th richest man in the world with a net worth of $4 billion. Wynn was raised in Utica, New York, and graduated from The Manlius School, a private boys' school east of Syracuse, New York, in 1959. Steve Wynn studied cultural anthropology and English literature at the University of Pennsylvania, where he was a member of the Sigma Alpha Mu fraternity.

In 1963, his father died of complications from open heart surgery in Minneapolis, leaving $350,000 of gaming debts, shortly before Wynn graduated from the University of Pennsylvania with a Bachelor of Arts degree in English Literature.

Career

Frontier and the Golden Nugget
Wynn took over running the family's bingo operation in Maryland. His success allowed him to invest in a small stake for the Frontier Hotel and Casino in Las Vegas, where he and his wife, Elaine, moved in 1967. Between 1968 and 1972 he also owned and operated a wine and liquor importing company. He managed to parlay his profits from a land deal in 1971 (the deal involved Howard Hughes and Caesars Palace) into a controlling interest in the landmark downtown casino, the Golden Nugget Las Vegas (he would later open the Golden Nugget Atlantic City in Atlantic City, New Jersey). Wynn renovated, revamped and expanded the Golden Nugget from a gambling hall to a resort hotel and casino with enormous success, in the process attracting a new upscale clientele to downtown Las Vegas. Frank Sinatra was a headliner at the Golden Nugget. Wynn maintains a relationship with Sinatra family, and named a restaurant at Encore “Sinatra”.

Source @ Wikipedia


Anecdotes
Wynn’s ancestors were Jewish, and his real name was Weinberg.

In 1993 his daughter Kevyn was kidnapped. He paid $ 1.45 million for the ransom and the kidnappers asked a Ferrari. This story was drawn on movie Ocean’s Eleven and on CSI’s episode.

Steve Wynn suffers from retinitis pigmentosa. During the night of Bellagio’s opening, Wynn has invited many personalities for a dinner at $ 2 500. All profits were deposited to an association against retinitis pigmentosa.

His art collection is mainly focus on European and American artists of 19th and 20th century, including artists as Edouard Manet, Andy Warhol, Vincent Van Gogh, Paul Cezanne and Paul Gauguin. The most important piece of the collection is a Pablo Picasso’s painting called “The Dream”, its value is estimated at $ 60 million.
Citations
"I believe in Las Vegas. I think its best days are ahead of it. But I'm afraid to do anything in the current political environment in the United States."

"My father died during open-heart surgery on March 29 of my senior year in college. I was getting set to go to law school. I remember sitting in the waiting room when the doctor walked in. I said to myself, the worst possible thing just happened. What will you do?"

"Government has never increased the standard of living of one single human being in civilization's history. For some reason that simple truth has evaded everybody."


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Steve Wynn : Connections 
Midocean Credit Opportunity Fund LP
National Water Resources Association, Inc.
American University of Beirut
WestLand Capital Partners LP
Eisenhower Medical Center
Midocean Credit Opportunity IDF I LP
US UAE Business Council
American Petroleum Institute, Inc.
Trustees of The University of Pennsylvania
Robert J. Miller Consulting LLC
Onconome, Inc.
MidOcean US Advisor LP
The World Economic Forum USA, Inc.
University of Southern California
Los Angeles World Affairs Council


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