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Article: Wynn's a grinner in Vegas.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 21, 2007
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Copyright informationCOPYRIGHT 2007 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Oliver Staley
Nov 21, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Steve Wynn has a net worth of $US3.9 billion, according to a September 2007 report in "Forbes". In May 2007 a filing with the US Securities & Exchange Commission (SEC) confirmed that Wynn owns 21 per cent of Wynn Resorts, which is the owner of Las Vegas's most lucrative casino by the estimates of Jefferies & Company. Wynn Las Vegas cost $US2.7 billion to open in April 2005, and had 2006 revenue of $US535.6 million according to Jefferies & Company. Wynn is an ex-CEO and chair of Mirage Resorts, which was acquired by MGM Grand for $US6.4 billion and is named MGM Mirage in 2007.
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