Steve Wynn: The Man Who Reinvented Las Vegas

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An Old Fashioned, some red lipstick and a black dress…sigh, there’s just something undeniable about a good ol’ classic. The beloved Vegas showgirl may be an endangered species these days (insert tear), but “VEGAS! THE SHOW” preserved those feather-clad beauties and the likes of an era when everything was flashier and dripping with sophistication. What’s that you ask? Can a show filled with gorgeous and talented women a la Rat Pack era really exist in the here and now? Oh yes my friend, it sure can and all we have to say is raise that curtain and let the good times roll. With a little song, a lot of dance and that certain sultry allure that only old timey Vegas could pull off, this is a trip down memory lane and, well, it’s pretty legit. The costumes are fun, funky, sexy and so real. Ok, well maybe not the candy-themed costumes but hell, their Sammy Davis Jr. sure had us pining for an autograph. For a city that was built on pure, raw talent and obviously dolla dolla bills, this show celebrates iconic moments from the city's rich entertainment history through the decades that made the Vegas we know and love today. And we’ll tip our top hats to that.
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Steve Wynn didn’t just build casinos. He helped redefine what Las Vegas could be.


In this episode of the Murphree Investment Group podcast, we trace Wynn’s rise from a Maryland bingo parlor to the Golden Nugget, The Mirage, Bellagio, Wynn Las Vegas, and Macau.


We also examine one of the most important financial relationships behind that transformation: Wynn’s partnership with Michael Milken and Drexel Burnham Lambert. High-yield financing helped provide the capital needed to build The Mirage, a roughly $630 million bet that helped prove the modern megaresort could work at scale.


It’s a story about entrepreneurship, leverage, capital allocation, risk, and the way financial innovation can reshape an entire industry and, in this case, an entire skyline.


Steve Wynn: The Man Who Reinvented Las Vegas.


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Category
Steve Wynn
Tags
Steve Wynn, Steve Wynn Las Vegas, The Man Who Reinvented Las Vegas
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