Home Features Steve Wynn Timeline

The Timeline of Steve Wynn

Steve Wynn is a name that nearly everyone in the industry has heard of at some point and the casino mogul. Wynn has been responsible for his role in transforming Las Vegas into a gambling hub, which it remains to this day. However, it hasn’t been all fun and games for Wynn as the last few weeks have been rocky, to say the least, with a controversial revelation of allegations regarding sexual harassment while stepping down as the CEO and Chairman of Wynn Resorts.

How much is known about this character and his influence on the Wynn Resorts brand?

1946

The family name of Weinberg was changed to Wynn by Michael, Stephen’s father. This was an attempt to avoid discrimination due to their Jewish heritage.

1959

Stephen Wynn graduates from The Manlius School which is based in Syracuse; New York.

1963

Also during this period, Wynn had married Elaine Pascal, his first wife.

1971

More misfortune hits as Wynn is diagnosed with retinitis pigmentosa, a degenerative eye disease.

1973

Wynn increases his share in the organization that owns the Golden Nugget and becomes the majority shareholder while also becoming the youngest casino owner in the city of Las Vegas.

1986

Steve Wynn and Elaine Pascal get divorced.

1989

Wynn’s organization purchases The Nevada Club that’s located in Laughlin; Nevada. However, it was then rebranded as the Golden Nugget Laughlin.

1991

Steve Wynn and Elaine Pascal remarry.

1993

Kevyn, the daughter of Steve Wynn, is kidnapped and he is forced to pay a ransom of $1.45 million. However, the kidnappers are apprehended when one of them attempts to purchase a Ferrari with cash. This took place in Newport Beach, California.

1998

The Las Vegas Review-Journal opts not to run an article that deals with a variety of allegations against the behavior of Wynn. These allegations were made by multiple employees while they worked at The Mirage. The allegations range from being forced to have sex with him to an employment policy at The Mirage that stated that the waitresses were required to lose weight if they happened to gain more than 6 lb. However, 2018 saw the Las Vegas Review-Journal opting to publish the full details of the lawsuit that it would’ve published 20 years prior.

1999

Steve Wynn introduces a slice of Las Vegas to Biloxi, which is based in Mississippi. This is where the Beau Rivage, a Mediterranean-themed casino resort was opened.

2000

The Mirage Resorts that belonged to Wynn were sold to MGM Grand Inc. for $6.6 billion which then formed MGM Mirage.

2005

This year was identified by one of the alleged sexual harassment victims of Wynn. Wynn had allegedly told the then manicurist to lie naked on a massage table and have sex with him. The plaintiff is then paid $7.5 million due to her silence regarding the incident.

2006

Wynn Macau is opened by Wynn as his first move in the Macau market. A few years down the line, this would become the fifth resort in Macau to win a Mobile five-star award.

2010

Steve and Elaine Wynn announce their second divorce following another unsuccessful marriage.

2011

Wynn married Andrea Hissom and she became his second wife in his third marriage.

2016

The Wynn Palace resort opens its doors in Macau and it’s the first Wynn Resorts property that’s located on the Cotai Strip.

2018

The decision had been made for Wynn to step down from his position as the finance chairman of the Republican National Committee due to the magnitude of the allegations that were made against him.

1942

On this day, Stephen Alan Weinberg was born in the city of New Haven; Connecticut.

1963

Tragedy struck as Stephen Wynn’s father passed away due to heart failure. To make matters worse, the family inherits gambling debts up to $350,000. Wynn also graduated from the University of Pennsylvania with a BA in English Literature after his father’s death. However, he quit his position at Yale Law School to operate his family’s bingo businesses.

1967

Wynn proceeds to relocate his family to the city of Las Vegas and buys a share in the Frontier Hotel and Casino.

1971

An announcement was made regarding Wynn’s securement of funds that will be used to invest in the Golden Nugget gambling hall that’s based in Las Vegas, which will then be renovated into a casino resort and hotel.

1980

Another branch of the Golden Nugget is opened in Atlantic City and is the first casino that was built from the ground up in the city.

1987

Wynn opts to sell the Golden Nugget Atlantic City for a price tag of $440 million.

1989

The first large casino in the Wynn lineup that’s located on the Vegas Strip opens as The Mirage’s construction has been completed. This results in a ripple effect that sees $12 billion spent on the Las Vegas Strip.

1993

A $450 million project known as the Treasure Island Hotel and Casino opens in the parking lot of The Mirage.

1998

A case against Steve Wynn is opened as Cynthia Simmons, a cocktail waitress accuses Wynn of forcing her to sexually accommodate baccarat players. However, she fails to expose the casino mogul at this time.

1998

The Bellagio, a lavish hotel that was the most expensive at the time, opened at a cost of $1.6 billion. This was the most expensive hotel in the world during this period and further down the line, it was credited with being the source of inspiration for the construction of other Las Vegas-based resorts such as Mandalay Bay, Paris Las Vegas, and The Venetian.

2000

The Desert Inn was purchased for $270 million.

2004

Steve Wynn achieves billionaire status when he doubles his net worth to $1.3 billion after the second year of Wynn Resorts becoming a publicly-traded entity.

2005

The world’s most expensive resort is opened as Wynn Las Vegas is established on the site of the former Desert Inn. This project cost $2.7 billion.

2008

Encore Las Vegas was established and opened its doors to the general public. This cost Wynn $2.3 billion.

2010

Encore at Wynn Macau opens its doors to the public.

2014

The planned work on the Wynn Boston Harbor project had started and it had an unexpected deadline of 2019. Due to the recent harassment allegations against Wynn, the project is still under review.

2018

The Wall Street Journal conducted an investigation and had proceeded to publish accounts of many former employees of Wynn. All of them claim that he had acted inappropriately or sexually harassed them during their time of employment. These allegations were spread across many years.

2018

Wynn proceeds to step down as CEO of Wynn Resorts due to the sexual harassment claims that have been made against him.

1942

On this day, Stephen Alan Weinberg was born in the city of New Haven; Connecticut.

1946

The family name of Weinberg was changed to Wynn by Michael, Stephen’s father. This was an attempt to avoid discrimination due to their Jewish heritage.

1959

Stephen Wynn graduates from The Manlius School which is based in Syracuse; New York.

1963

Tragedy struck as Stephen Wynn’s father passed away due to heart failure. To make matters worse, the family inherits gambling debts up to $350,000. Wynn also graduated from the University of Pennsylvania with a BA in English Literature after his father’s death. However, he quit his position at Yale Law School to operate his family’s bingo businesses.

1963

Also during this period, Wynn had married Elaine Pascal, his first wife.

1967

Wynn proceeds to relocate his family to the city of Las Vegas and buys a share in the Frontier Hotel and Casino.

1971

More misfortune hits as Wynn is diagnosed with retinitis pigmentosa, a degenerative eye disease.

1971

An announcement was made regarding Wynn’s securement of funds that will be used to invest in the Golden Nugget gambling hall that’s based in Las Vegas, which will then be renovated into a casino resort and hotel.

1973

Wynn increases his share in the organization that owns the Golden Nugget and becomes the majority shareholder while also becoming the youngest casino owner in the city of Las Vegas.

1980

Another branch of the Golden Nugget is opened in Atlantic City and is the first casino that was built from the ground up in the city.

1986

Steve Wynn and Elaine Pascal get divorced.

1987

Wynn opts to sell the Golden Nugget Atlantic City for a price tag of $440 million.

1989

Wynn’s organization purchases The Nevada Club that’s located in Laughlin; Nevada. However, it was then rebranded as the Golden Nugget Laughlin.

1989

The first large casino in the Wynn lineup that’s located on the Vegas Strip opens as The Mirage’s construction has been completed. This results in a ripple effect that sees $12 billion spent on the Las Vegas Strip.

1991

Steve Wynn and Elaine Pascal remarry.

1993

A $450 million project known as the Treasure Island Hotel and Casino opens in the parking lot of The Mirage.

1993

Kevyn, the daughter of Steve Wynn, is kidnapped and he is forced to pay a ransom of $1.45 million. However, the kidnappers are apprehended when one of them attempts to purchase a Ferrari with cash. This took place in Newport Beach, California.

1998

A case against Steve Wynn is opened as Cynthia Simmons, a cocktail waitress accuses Wynn of forcing her to sexually accommodate baccarat players. However, she fails to expose the casino mogul at this time.

1998

The Las Vegas Review-Journal opts not to run an article that deals with a variety of allegations against the behavior of Wynn. These allegations were made by multiple employees while they worked at The Mirage. The allegations range from being forced to have sex with him to an employment policy at The Mirage that stated that the waitresses were required to lose weight if they happened to gain more than 6 lb. However, 2018 saw the Las Vegas Review-Journal opting to publish the full details of the lawsuit that it would’ve published 20 years prior.

1998

The Bellagio, a lavish hotel that was the most expensive at the time, opened at a cost of $1.6 billion. This was the most expensive hotel in the world during this period and further down the line, it was credited with being the source of inspiration for the construction of other Las Vegas-based resorts such as Mandalay Bay, Paris Las Vegas, and The Venetian.

1999

Steve Wynn introduces a slice of Las Vegas to Biloxi, which is based in Mississippi. This is where the Beau Rivage, a Mediterranean-themed casino resort was opened.

2000

The Desert Inn was purchased for $270 million.

2000

The Mirage Resorts that belonged to Wynn were sold to MGM Grand Inc. for $6.6 billion which then formed MGM Mirage.

2004

Steve Wynn achieves billionaire status when he doubles his net worth to $1.3 billion after the second year of Wynn Resorts becoming a publicly-traded entity.

2005

This year was identified by one of the alleged sexual harassment victims of Wynn. Wynn had allegedly told the then manicurist to lie naked on a massage table and have sex with him. The plaintiff is then paid $7.5 million due to her silence regarding the incident.

2005

The world’s most expensive resort is opened as Wynn Las Vegas is established on the site of the former Desert Inn. This project cost $2.7 billion.

2006

Wynn Macau is opened by Wynn as his first move in the Macau market. A few years down the line, this would become the fifth resort in Macau to win a Mobile five-star award.

2008

Encore Las Vegas was established and opened its doors to the general public. This cost Wynn $2.3 billion.

2010

Steve and Elaine Wynn announce their second divorce following another unsuccessful marriage.

2010

Encore at Wynn Macau opens its doors to the public.

2011

Wynn married Andrea Hissom and she became his second wife in his third marriage.

2014

The planned work on the Wynn Boston Harbor project had started and it had an unexpected deadline of 2019. Due to the recent harassment allegations against Wynn, the project is still under review.

2016

The Wynn Palace resort opens its doors in Macau and it’s the first Wynn Resorts property that’s located on the Cotai Strip.

2018

The Wall Street Journal conducted an investigation and had proceeded to publish accounts of many former employees of Wynn. All of them claim that he had acted inappropriately or sexually harassed them during their time of employment. These allegations were spread across many years.

2018

The decision had been made for Wynn to step down from his position as the finance chairman of the Republican National Committee due to the magnitude of the allegations that were made against him.

2018

Wynn proceeds to step down as CEO of Wynn Resorts due to the sexual harassment claims that have been made against him.