who owns the palms hotel and casino in las vegas

The casino & resort saw immediate success and quickly became one of the most popular Las Vegas casinos. The new property design included an artificial lake known as the Lake of Dreams, multiple swimming pools, a large gaming space for gamblers, and even a Ferrari and Maserati dealership inside the resort. Desert Inn’s golf course was kept intact, upgraded, and used for the new Wynn Golf Club. The old resort was destroyed to make room for Wynn Las Vegas, including Desert Inn’s Augusta Tower. Wynn bought the property for $270 million. He took this opportunity to start another adventure with the purchase of Desert Inn. In 2000 he parted ways with Mirage Resorts when it became an MGM property known as MGM Mirage today.

He was most notably involved in creating Treasure Island, The Mirage, and Bellagio. Steve Wynn was the original founder of Wynn Las Vegas, but that wasn’t his first addition to Las Vegas resorts. 64.85% is owned by institutional stockholders, 21.69% is owned by Wynn Resorts Insiders, and 13.46% is owned by retail investors. Instead, ownership is spread in a few ways. Wynn Resorts LTD isn’t owned by one person. This parent company owns five resorts tota, including Wynn Las Vegas, Encore at Wynn Las Vegas, Encore Boston Harbor, Wynn Macau, and Wynn Palace Cotai. Technically, Wynn Las Vegas is owned by a resort and casino company called Wynn Resorts LTD.

Who owns the palms hotel and casino in las vegas