Celebrity Gambler: Steve Wynn, a winning name in Vegas and online
Prominent American entrepreneur, real estate developer and art collector Steve Wynn is famous for his involvement in luxury online casinos and the hotel industry. Born January 27, 1942, in Connecticut, Wynn’s influence left an indelible mark on the gambling and hospitality industry. His pioneering role in transforming Las Vegas into a global gambling and entertainment hub began when he renovated the Golden Nugget casino resort and opened The Mirage and The Bellagio.
Wynn started his career in the 1960s after inheriting a stake in his father’s bingo parlour. Over the years, he transformed this into world-class casino resort that set new gambling and entertainment standards. However, Wynn’s name is also associated with allegations of sexual misconduct which caused him to resign from Wynn Resorts in 2018. Despite this, his contributions to the casino industry continue to be studied to context the broader gaming and hospitality landscape.
Steve Wynn Information
| Real Name | Stephen Alan Weinberg |
| Date of Birth | January 27, 1942 (age 81) |
| Education | Bachelor of Arts/Science, University of Pennsylvania |
| Citizenship | United States and Monaco |
| Occupation | Former CEO of Mirage Resorts (1973–2000) Former CEO of Wynn Resorts (2002–2018) Former Republican National Committee finance chairman (2017–2018) |
| Best Known For | Bringing the Las Vegas strip new life with the renovation of Golden Nugget and the opening of The Mirage and The Bellagio. |
| Source of Wealth | Casinos and hotels |
| Astrological Sign | Aquarius |
| Net Worth | $/€3.2B |
| Steve Wynn’s quotes reveal how passionate he is about casinos and business. “Casino gambling is colourful and dramatic and theatrical.” He created some of Las Vegas’s most beautiful casinos including Treasure Island, The Mirage, Bellagio and Wynn Las Vegas. In 2018, after being sued for sexual misconduct, which he repeatedly denied, Wynn resigned as chairman. Outspoken and an excellent businessman, Wynn proves his metal with his quote, “My organisation, my colleagues and I, are paid to run hotels in good times and fair times. We’re professionals. That’s what we do. I don’t give a damn about the short-term market implications”. | |
The Godfather of America’s casino industry
Wynn is known as the Godfather of America’s casino industry. He was a pivotal figure in developing the Las Vegas Strip, and created iconic resorts such as the Bellagio, Mirage, Golden Nugget, Wynn and Encore, but it wasn’t always this easy for him. After his father died in 1963, Wynn inherited the family’s bingo business and he worked long and hard to expand it into a successful company. In 1971, Steve used the profits from a lucrative real estate deal and purchased the Golden Nugget Las Vegas gambling hall, which he later converted into a luxurious hotel and casino.
Today, Wynn is one of the most successful casino operators globally. He owns four elite casino properties – Wynn Las Vegas, Wynn Macau Resort, Encore at Wynn Las Vegas, and Encore at Wynn Macau. His net worth is estimated at $/€3.2 billion. But it doesn’t end there. He is also an avid collector of fine art and has been known to spend over $/€30M on paintings by Rembrandt and Picasso. So, how can it be that a man of his calibre was sued for sexual misconduct? Keep reading and find out more.
Recently, Wynn stepped down as CEO of Wynn Resorts after The Wall Street Journal reported numerous sexual misconduct accusations against him. This was after many of Wynn’s female employees came forward alleging that they were forced to perform sexual acts with him over the years. Wynn made a
statement claiming that the idea that he assaulted any woman is preposterous. However, in 2018, he stepped down from his CEO position, which many say made him look suspicious. However, the resignation didn’t put an end to his troubles as the Massachusetts Gaming Commission and other independent directors were set to investigate the allegations. Furthermore, the Wynn Resorts shares dropped from $/€201.30 on January 26 to $/€163.48 on January 29, a loss of $/€463 million.
Entrance into the US real Money online casino market with WynnBET Casino
From December 2022, US Real Money Online Casino games became legal in six States in the USA, with each State having a different number of online casino options to choose from. Each of the following online casinos and sportsbooks all have legal online casino gambling options:
- Connecticut – Launched 2021 with two online casinos, DraftKings Casino and Mohegan Sun Casino.
- Delaware – Partnered with 888 Casinos and works closely with the Delaware State Lottery.
- Michigan – Over a dozen regulated casinos, including Caesars Casino and legal sports betting.
- New Jersey – The legal gambling hub in the USA, home to the most legal casinos and sportsbooks.
- Pennsylvania – Joined the party in 2019 with BetMGM, FanDuel, and Borgata, among others.
- West Virginia – There are four online casinos in the Mountain State, with more joining soon.
- Illinois, Indiana, Massachusetts, and North Carolina will join regulated casinos shortly.
If you’re wondering where to play your favourite online casino games and you reside in Massachusetts, Michigan, or New York, WynnBET Casino and Sportsbook is the ideal option. WynnBET opened in 2020 with a professional online casino and sportsbook. Featuring over 600 top-quality games, WynnBET includes slots of every type, table games, and progressive jackpots that can deliver life-changing wins.
WynnBET Casino is powered by popular software providers like NetEnt and Evolution Gaming. As a PayPal Casino, US players can enjoy the benefits of using PayPal to deposit and withdraw. Naturally, many popular payment providers are on offer such as debit cards, eWallets, and bank transfers. Players can download the WynnBET app from the App Store or Google Play, which offers casino games and sports. The mobile casino is also available In Browser by logging into the casino from a desktop, tablet or mobile phone. WynnBET Online Casino is licensed and regulated by various regulators and the games are all fair, with audited results provided by independent third-party companies such as eCogra.
Wynn’s entrance into social casinos
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Whats next for Steve Wynn?
After being sued for sexual harassment, Wynn was hit with a $/€10M fine but he still has plenty in the coffers. Earlier this year, the casino mogul slashed $/€15 million off the price of his palatial 3-acre property, bringing the price down to $/€85 million. His house was listed in 2020 for $/€135M and has been part of his property portfolio since 2015, when he purchased it for $/€47.8 million.
In Las Vegas, the name Steve Wynn is frequently spoken about. His impact on the Vegas skyline culminates decades of hard work. Las Vegas wouldn’t be the city it is today without Wynn, and his legacy deserves to be recognised. It would seem that for now, the Wynn brand will be taking a short hiatus. Wynn might be in his 70s, but he’s not about to retire any time soon – watch this space!
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