Latest news with #SteveWynn
AU Financial Review
18-05-2025
- Business
- AU Financial Review
The complexity behind Crown's hotel refurbishment ambitions
There was a time long ago when Crown Resorts was likened to the famous Ritz hotel in London. The year was 1997 and American casino mogul Steve Wynn had just watched his friend Lloyd Williams launch a luxury casino hotel complex in the heart of Melbourne. Wynn had provided plenty of assistance, including the architect Joel Berman. But the result was something he'd never seen.
Yahoo
14-05-2025
- Business
- Yahoo
Remodeled estate lists for $90 million on the Intracoastal Waterway in Palm Beach
Coffee tycoon Robert 'Bob' Stiller and his wife, Christine, are asking $90 million for their extensively renovated lakefront house in Palm Beach, according to a new sales listing. A limited liability company linked to the Stillers paid a recorded $66 million for the estate at 1350 N. Lake Way in 2023. The couple then carried out a major remodeling project, building records show. The seller in the 2023 deal was a company controlled by casino-and-resort mogul Steve Wynn. The new listing is the most expensive Palm Beach property being marketed in the Palm Beach Board of Realtors Multiple Listing service. Built in 2013, the seven-bedroom house faces about 150 feet of lake frontage and has a deep-water dock, the new listing says. The lot measures eight-tenths of an acre and is nine streets south of the inlet at the north tip of the island. In all, the house has about 17,000 square feet of living space, inside and out, according to the sales listing. Broker Christian Angle of Christian Angle Real Estate holds the listing. He declined to discuss the property, and the Stillers could not immediately be reached for comment. Robert Stiller co-founded and is the former CEO of the Keurig Green Mountain coffee empire. The company today is known as Keurig Dr Pepper Inc. The Stillers' ownership company — 1350 North Lake Acquisitions LLC — bought the two-story, Bermuda-style house in April 2023 after Wynn and his wife, Andrea Hissom Wynn, had remodeled it for resale. A Wynn-controlled company had paid $49 million for it in April 2021 as an investment property. Angle's sales listing went active May 13 and describes the 'pristine' estate as a 'rarely available' property on the Intracoastal Waterway. 'This rare and luxurious home boasts breathtaking lake and sunset views from all principal rooms,' the listing says. Among the home's features are stone and hardwood flooring, high ceilings and rooms filled with natural light, the listing says. The layout features two primary bedroom suites — one on the first floor and one on the upper level. The formal living room has a fireplace and French doors opening to a covered loggia, one of two that overlook the lakeside pool. The listing also mentions a library, a formal dining room with a butler's panty and a family room open to the breakfast area and kitchen. There's also a fully equipped 'professional chef's kitchen.' Wittmann Building Corp. of West Palm Beach was the contractor for the Stillers' renovations, according to courthouse records. Contractor Paul Wittmann declined to comment. The Stillers' company bought the house shortly after the couple sold their oceanfront mansion at 589 N. County Road for around $170 million — a deal that still holds the record as the most-expensive residential property ever sold in Palm Beach, the Palm Beach Daily News has confirmed. In the sale on North County Road, Angle represented the buyers, car car-dealership magnate Michael Cantanucci and his wife, Kimberly, while broker Lawrence Moens of Lawrence A. Moens Associates acted for the sellers. Moens handled both sides of the 2023 sale on North Lake Way. The house on North Lake Way was built by Palm Beach real estate developer and investor Patrick Carney and his wife, Lillian, who used it as a custom home for themselves. * To see more photos of 1350 N. Lake Way in Palm Beach, click on the photo gallery near the top of this page. This is a developing story. Check back for updates. Darrell Hofheinz is a USA TODAY Network of Florida journalist who writes about Palm Beach real estate in his weekly 'Beyond the Hedges' column. He welcomes tips about real estate news on the island. Email dhofheinz@ This article originally appeared on Palm Beach Daily News: Remodeled lakefront estate lists for $90 million in Palm Beach
Travel Weekly
06-05-2025
- Entertainment
- Travel Weekly
Elaine Wynn's legacy will live on in Las Vegas
Although Elaine Wynn, co-founder of Mirage Resorts and Wynn Resorts, died April 14 at the age of 82, her influence will continue to be felt on the Las Vegas Strip and beyond for decades. Not only did she and her ex-husband, Steve Wynn, usher in the modern era of megaresorts, she was instrumental in encouraging more women in gaming company boardrooms and was a philanthropist who supported many education initiatives and the city's arts culture. Elaine Wynn The Wynns' first major project in Las Vegas, in the 1970s, was to transform and expand downtown's Golden Nugget, which had opened in 1946 and had been "a pretty dusty Western casino and small hotel," said Alan Feldman, a casino industry veteran, in an interview with City Cast Las Vegas. Among the many new elements that made it the highest-end property downtown were the Spa Tower and two-story suites, which Feldman said were the first of their kind in the market. Then came the opening of the Mirage in 1989 with what would become the iconic volcano, said to be Elaine's idea. Other revolutionary amenities attracting guests' attention beyond the casino floor: an 80-foot-tall atrium and rainforest, a 20,000-gallon saltwater aquarium behind the registration desk and Siegfried & Roy's Secret Garden and Dolphin Habitat. "Steve's vision was really about the property. Elaine's vision was about Las Vegas, and I found that just absolutely dynamic," said Feldman, who worked with the Wynns on the opening. "[Steve] was describing a hotel that didn't exist before. She was describing a city that wasn't here, and the idea that these two things could be interrelated and have impact on one another was really compelling." Treasure Island (which opened in 1993), featuring a now-defunct lakefront pirate battle, and Bellagio (1998), with its breathtaking conservatory and dynamic fountains, proved to be even bigger templates for their ideas. Although the Mirage is now closed and being rebranded into the Hard Rock Hotel & Casino and Guitar Hotel Las Vegas, Treasure Island, Bellagio, Wynn (2005) and Encore (2008) remain vibrant examples of their vision. The Elaine P. Wynn and Family Foundation, a philanthropic organization that supports education, community development and the arts, had this to say about her: "Each project reflected her creative sense and impeccable taste. But her most lasting contribution is the people-first culture she always prioritized. Her unwavering empathy for her colleagues and employees is undeniably the magic quality she infused in everything she touched." The Wynns were married in 1963, divorced in 1986 but married again in 1991. That second marriage also ended in divorce, in 2010. But Elaine Wynn remained on Wynn Resorts' board for a short time following Steve Wynn's departure from the company in 2018 amid reporting of his decadeslong pattern of sexual misconduct with employees. She continued behind the scenes to preserve the legacy of hospitality she helped create, said Feldman, now director of strategic initiatives for the International Gaming Institute at the University of Nevada, Las Vegas. She fostered more women in boardrooms and those with diverse cultural and ethnic backgrounds to bring different perspectives to hospitality and gaming. "Elaine had an incredibly profound impact on that, and that's not going anywhere," Feldman told the podcast. Also not going anywhere are the effects of her philanthropy. She was the founding chairman of Communities in Schools of Nevada (a dropout prevention organization), she helped raise millions of dollars for UNLV, and she funded the education program at the Smith Center for the Performing Arts. "Elaine was instrumental in establishing the Elaine Wynn Studio for Arts Education at the Smith Center," according to a statement provided by the performing arts center. "Through the years, its programs have provided cultural enrichment to hundreds of thousands of young people throughout Southern Nevada, a tribute to Elaine's energy, generosity and tireless dedication to arts literacy." • Related: These four museums tell the story of Las Vegas But the legacy of Elaine Wynn that visitors to Las Vegas may anticipate the most is the Las Vegas Museum of Art, what would be the city's first world-class art museum, near the Smith Center. Her landmark gift propelled a collaboration with the Los Angeles County Museum of Art on the project. Planning and fundraising continue. A rendering of the proposed Las Vegas Museum of Art, a passion project of Elaine Wynn's. Groundbreaking is expected in 2027. Photo Credit: Kere Architecture Groundbreaking for the 90,000-square foot, three-story museum, designed by Pritzker Prize-winning architect Francis Kere, is expected in 2027. "She understood that Las Vegas was not just a destination; it was an experience -- an ever-evolving tapestry woven with threads of art, culture and the human spirit," the Elaine P. Wynn & Family Foundation statement said.
Forbes
25-04-2025
- Business
- Forbes
Inside The Mysterious Shakespeare Ranch In Lake Tahoe Listed For $188 Million
Aerial view of the 130-acre property on Lake Tahoe One of the most spectacular destinations in the world, this large alpine lake in the Sierra Nevada mountains bordering California and Nevada has become one of the most popular billionaire destinations fueled by money from the San Francisco Bay Area, as tech titans have reshaped the real estate market. And when a major listing hits the market, all eyes are on which famous name will be the next magnate to join Billionaire Row. Eclipsing the recent record-breaking sale of the former Steve Wynn estate for $62 million, the $188 million Shakespeare Ranch will certainly break all current records. Perhaps billionaire Mark Zuckerberg is keeping an envious eye on the listing from his ever-growing 10-acre compound on the opposite side of the lake. After being on the market for a short period of time, the wealthy property owners have expanded the listing by adding the iconic barn, rodeo arena, and additional lakefront offerings, which can be sold in part or together for the entire extensive property. Rodeo arena at Shakespeare Ranch Most longtime Lake Tahoe residents, including myself, have never even heard of Shakespeare Ranch, located in the super exclusive, heavily guarded, and triple-gated Glenbrook community on the East side of the Lake. The exclusive historic 130-acre property offers 17 luxury residences, a 465-foot pier, a 151-year-old barn, and a rodeo arena. Presidents, celebrities, and musicians have visited the ranch through the years, which has hosted the annual Glenbrook Rodeo for over 80 years, yet most people have never seen the property. Waters Edge property The current owner is Larry Ruvo, head of the largest wholesale importer and distributor of wine, beer, and liquor. Ruvo originally built many of the buildings in a New England-inspired architecture style, along with a Shakespeare dedication named after a nearby rock formation that locals once believed bore the face of Shakespeare. Susan Lowe, President and Co-Listing Agent with Chase International, tells me, 'The residents of Glenbrook appreciate the seclusion and close-knit community. They value the luxury of its long, sandy, private beaches, meticulously maintained grounds, and elegant homes. Adding to its appeal are expansive views of the Lake, the Sierra Nevada Mountain range, and the iconic Shakespeare Rock monolith, the backdrop for this awe-inspiring hamlet. Currently, no other land holding on the shores of Lake Tahoe can be created in the image of the historic Shakespeare Ranch.' Wild West style barn at Shakespeare Ranch The 5,111-square-foot barn was built in 1873 and has been renovated into an entertainment space with a kitchen, game room, bar, and wine room. There is also an art loft, spa, gym, indoor pool house with a fireplace inside, stables, and grazing meadows. The property offers year-round boat access to the water and includes one of the longest piers on the Lake with two boat lifts, 12 private buoys, and an indoor boat house in the Tahoe City Marina. One of the longest piers on Lake Tahoe at Shakespeare Ranch Among the 17 luxury homes, a 4,290-square-foot lakefront home with a waterside cabana and a new 7,713-square-foot Marc Appleton-designed residence with a waterside cabana are currently under construction. Two additional lakefront properties with cabins and further plans for lakeside cabanas, which can be purchased individually or combined, are also under construction. Lake Tahoe
Miami Herald
22-04-2025
- Business
- Miami Herald
Las Vegas Strip casino owner gets awful news from regulator
The Nevada Gaming Commission has an important role in adopting regulations to implement and enforce state laws governing gambling in the Silver State. Created in 1959 with the adoption of the Gaming Control Act in Nevada, the commission also has the powerful authority for licensing of gaming, with the ability to approve, restrict, limit, condition, deny, revoke, or suspend any gaming license in the state. Don't miss the move: Subscribe to TheStreet's free daily newsletter The commission has taken significant action against casinos and their executives over the years. In 2019, the commission fined Wynn Resorts $20 million, the largest commission fine ever, for ignoring employees' complaints of misconduct. Related: Las Vegas Strip casino closes classic rock band residency In July 2023, Wynn Resorts founder Steve Wynn agreed to a $10 million fine and a ban from any future involvement in Nevada gambling after the Nevada Gaming Control Board filed a complaint in 2019 over sexual abuse and misconduct allegations. More recently, Resorts World on March 27, 2025, agreed to a $10.5 million fine after the Nevada Gaming Commission filed an amended complaint on March 20, alleging the casino and its then-President Scott Sibella allowed illegal bookmaker Mathew Bowyer to do business and gamble at the casino from December 2021 until Oct. 6, 2023, at which time Bowyer was banned from Resorts World. And now, another major Las Vegas Strip casino operator, MGM Resorts International (MGM) , has agreed to pay an $8.5 million fine to the State of Nevada related to a complaint for disciplinary action settlement with the Nevada Gaming Control Board. Related: Las Vegas Strip casino signs another superstar singer residency The complaint against MGM and its casinos MGM Grand and Cosmopolitan was filed contemporaneously with a stipulation for settlement on April 17, alleging "unsuitable methods of operation arising from the activities of illegal bookmaker, Wayne Nix, which were described in non-prosecution agreements between the U.S. Attorney's Office for the Central District of California and MGM Grand and The Cosmopolitan," according a statement by the Gaming Control Board. More Las Vegas: Las Vegas Strip Sphere signs another superstar band residencyLas Vegas Strip casino closes country superstar's residencyLas Vegas Strip casino signs global superstar singer to residency The complaint for disciplinary action also detailed the activities of illegal bookmaker Bowyer at MGM properties, which were discovered by the Nevada Gaming Control Board during the course of its investigation. The allegations center on the actions and failures of MGM Resorts International's employees in relation to Nix and Bowyer from 2017 to 2020, as well as deficiencies within the company's anti-money laundering program. MGM executives and employees cooperated with the Nevada Gaming Control Board's extensive and lengthy investigation, the board's statement said. The complaint alleged that the then-MGM Grand president Sibella and two casino hosts were aware of Nix's illegal sports betting operation based in California and allowed him to present illicit cash proceeds to casinos and place personal bets at MGM casinos. Nix allegedly solicited new customers for his illegal gambling business from marketing hosts at casinos he played in and would offer casino hosts a commission or gratuity in exchange for referring casino customers. Sibella and the casino hosts would also provide Nix with complimentary benefits of the MGM Grand, including meals, rooms, board, and golf trips with senior executives and other high net-worth customers of the casino to encourage Nix to patronize the casino and spend his illicit proceeds there. From 2017 to 2020, MGM Grand accepted over $4 million in illicit cash proceeds from Nix's gambling business, according to the complaint. Nix also gambled at the Cosmopolitan before MGM purchased the casino in 2021. In March 2022, Nix entered a plea agreement with the U.S. District Court for the Central District of California, pleading guilty to one count of conspiracy to operate an illegal gambling business and one count of subscribing to a false tax return. Sibella in December 2023 also entered a plea agreement with the U.S. District Court for the Central District of California, pleading guilty to a single count of failing to a report a suspicious transaction on July 27, 2018, as required regarding a presentation of $120,000 in cash by Nix at the MGM Grand. The Nevada Gaming Commission revoked Sibella's gaming license in December 2023 and fined him $10,000. Bowyer, who pleaded guilty in August 2024 in federal court to operating an illegal gambling business, had also been a patron at MGM casino properties. Nevada Gaming Commission regulations considered certain acts by Sibella and other MGM employees as unsuitable methods of operation, which included "Catering to, assisting, employing, or associating with, either socially or in business affairs, persons of notorious or unsavory reputation or who have extensive police records..." In addition to the fine, the stipulation dictates specific conditions be placed on MGM and on the properties' gaming licenses. The proposed settlement also detailed several remedial measures implemented at MGM and its subsidiary gaming properties. The majority of the conditions and remediations focus on enhancements to MGM's anti-money laundering program, as well as additional training and employee awareness of its requirements. The Nevada Gaming Commission will consider approval of the stipulation when its meets on April 24 for its monthly meeting. The Nevada Attorney General's Office and counsel for MGM will explain the terms for the stipulation and request the commission's approval of the settlement. Related: Las Vegas Strip casino closes country star's residency The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
