Steve Wynn's $600K Investment That Built a Las Vegas Empire

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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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In this interview clip, casino mogul Steve Wynn recounts the decisive real estate transaction that launched his Las Vegas career and laid the foundation for his gaming empire.
He explains how Howard Hughes sold him a piece of property and financed the $1 million purchase. Just months later, Wynn flipped the land to Caesars Palace for $2.25 million, earning his first million-dollar profit at age 29. Partnering with Abe Rosenberg (co-owner of J&B Scotch) to secure bank financing, Wynn leveraged his $600,000 net profit to acquire a controlling stake in the Golden Nugget at age 30—the core investment that started it all.
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Steve Wynn
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