How Steve Wynn demolished a classic Vegas resort to build the most expensive casino in history—and changed the Strip forever.
ALEX: In 2005, Steve Wynn opened a casino so expensive it broke records: $2.7 billion, the priciest resort ever built at the time. He tore down a 1950s Vegas legend to do it, and then did something wild—he built a giant fake mountain to block people from seeing inside.
JORDAN: Wait, he spent almost three billion dollars and then hid it behind a mountain? That's the opposite of Vegas!
ALEX: Exactly. And that gamble helped redefine luxury on the Strip.
JORDAN: Alright, I'm curious. Let's get into it.
ALEX: To understand Wynn Las Vegas, you have to start with the Desert Inn. It opened in 1950, back when the Strip was still finding its identity—old Hollywood glamour, the Rat Pack, that vibe. For decades, it was a landmark.
JORDAN: So why knock it down?
ALEX: Steve Wynn wanted to build the ultimate luxury resort, something beyond even his own Bellagio, which had set the bar in 1998. He bought the Desert Inn in 2000, shut it down, and started planning. The design phase alone took two and a half years.
JORDAN: And this is the same guy who built Bellagio, right? The fountains, the art gallery?
ALEX: Same guy. But Wynn Las Vegas was going to be bigger, taller, more expensive. Construction started on Halloween 2002, with Marnell Corrao Associates running the build. When it opened in April 2005, it had 2,716 rooms, a 111,000-square-foot casino, and a 45-story tower—the tallest building in Nevada at the time.
JORDAN: Okay, so he goes all-in on size and luxury. But what's with the mountain?
ALEX: That's the twist. Most Vegas resorts scream for attention—volcanoes, pirate ships, giant pyramids. Wynn did the opposite. He built an artificial mountain around the property to hide the attractions and restaurants.
JORDAN: That's... kind of genius? Make people wonder what's inside so they have to walk in?
ALEX: Exactly. It's psychology. No free show for pedestrians, no theme, just curiosity. Behind that mountain sits a three-acre lake with a show called Lake of Dreams—singing animatronics, lights, all tucked away. You have to enter the resort to see it.
JORDAN: So he's betting people will come for the mystery, not the spectacle.
ALEX: And it worked. By December 2008, Wynn opened Encore, a sister tower right next door. That added another hotel tower, more gaming space, restaurants, nightclubs. Together, the Wynn-Encore complex spans 215 acres with 4,748 rooms and nearly 190,000 square feet of gaming.
JORDAN: That's not a resort, that's a small city.
ALEX: Wynn declared the whole thing finished in May 2010 after final additions to Encore. Total cost? $5.2 billion. The property also kept the Desert Inn's golf course, redesigned it, and added a Ferrari-Maserati dealership—the only one in Nevada at the time.
JORDAN: A car dealership in a casino? Who's buying a Ferrari between blackjack hands?
ALEX: High rollers, apparently. It closed in 2015, but the space became Wynn Plaza, a luxury shopping area. There's also Wynn Esplanade for more retail. And nightlife? Victor Drai opened Tryst nightclub in 2005, and it ran for a decade as one of the hottest spots on the Strip.
JORDAN: So Wynn's building this whole ecosystem—shopping, dining, clubs. What about the shows?
ALEX: The main attraction was Le Rêve, an aquatic theatrical show that opened with the resort in 2005. It ran for 15 years in a custom theater before COVID shut it down in 2020. They replaced it with Awakening after renovating the space.
JORDAN: And the food? Vegas is all about celebrity chefs now.
ALEX: Wynn was ahead of that curve. Alex Stratta's French restaurant, Alex, earned major awards before closing in 2011. Wing Lei became the first Chinese restaurant in the U.S. to get a Michelin Star. There's also Mizumi, Delilah, The Buffet at Wynn—high-end dining became a signature.
JORDAN: Okay, but it wasn't all smooth. What went wrong?
ALEX: In 2006, Wynn instituted a controversial policy: table game dealers had to share tips with their supervisors. The dealers protested, lawsuits piled up, and it dragged on for years. They finally settled in 2021 for $5.6 million.
JORDAN: Fifteen years of fighting over tips. That's brutal.
ALEX: It was a rare PR black eye for a resort that otherwise racked up accolades—AAA Five Diamonds, Forbes Five Stars, awards for its restaurants. Wynn Las Vegas set a new standard for what a luxury resort could be.
JORDAN: So what's the legacy here? Why does this place matter beyond being expensive?
ALEX: Wynn Las Vegas proved that Vegas didn't need gimmicks anymore. No pirate shows, no fake New York skyline—just world-class service, design, and exclusivity. It shifted the Strip toward ultra-luxury and influenced every high-end resort that came after.
JORDAN: And it all started by tearing down a piece of old Vegas.
ALEX: Right. The Desert Inn represented mid-century Vegas glamour. Wynn erased it to build something modern, something that prioritized the guest experience over spectacle. Love it or hate it, it changed the game.
JORDAN: Alright, bottom line—what's the one thing to remember about Wynn Las Vegas?
ALEX: Steve Wynn spent $2.7 billion to prove that in Vegas, mystery and luxury can beat spectacle and theme parks.
JORDAN: That's Wikipodia—every story, on demand. Search your next topic at wikipodia.ai.