A Big Wynn in Vegas--Developer Raises the Bar on Vegas Projects

摘要

After Steve Wynn completed the Mirage in 1989, he was credited with setting off a frenzy of casino building that continued for more than a decade. Now it's possible that with the opening of Wynn Las Vegas, the first mega-resort on the strip in five years, Wynn's Midas touch could usher in a new phase of resort construction. However, at the start of the project, it appeared after Sept. II that the financing for Wynn Design & Development's new Las Vegas flagship wasn't going to materialize. "There were huge challenges in financing the project," said Todd Nisbet, executive vice president and project director of Wynn Design & Development. "At that time we were a new company with no operating history and no revenue. We were just some plans and an idea for a building and an operational team that people had to believe in."