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SEPTEMBER 3, 2021


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Early life and education [edit] Steve Wynn was born Stephen Alan Weinberg in New
Sanctuary, Connecticut on January 27, 1942. His father, Michael, owned a chain
of bingo parlors in the eastern United States. His mom Zelma (ne Kutner), was
from Maine. Wynn's dad changed the family's last name in 1946 from “Weinberg” to
“Wynn” when Steve was 4 years old “to prevent anti-Jewish discrimination”.

Steve Wynn received his Bachelor of Arts in English literature from the
University of Pennsylvania, where he was a member of the Sigma Alpha Mu
fraternity. Shortly before Wynn's graduation in March 1963, his father passed
away throughout heart surgery, leaving $350,000 in betting debts.
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relinquished a position at Yale Law School to take charge of his household's
bingo parlor in Waysons Corner, Maryland.

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That year he fulfilled E. Parry Thomas, the president of the Bank of Las Vegas,
which was the only bank at the time willing to extend loans to Las Vegas
casinos, and Thomas assisted finance several of Wynn's early land deals.
Starting in 1968, Wynn also spent four years operating a white wine and alcohol
importing company he had bought. [] In 1971, Wynn purchased a controlling
interest in the Golden Nugget Las Vegas, one of the oldest casinos in the city.

In 1977 he opened the Golden Nugget's very first hotel tower, followed by
numerous others. Frank Sinatra was a periodic headliner at the Golden Nugget,
and Wynn has actually since kept a relationship with the Sinatra family, even
calling a restaurant at Repetition “Sinatra”. In 1980, Wynn began construction
on the Golden Nugget Atlantic City in Atlantic City, New Jersey.

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Though at its opening it was the second tiniest gambling establishment in the
city, by 1983 it was the city's leading earning casino. Wynn offered the
Atlantic City Golden Nugget in 1987 for $440 million. The Mirage and Treasure
Island (19891997) [edit] Wynn's first significant Las Vegas Strip casino was The
Mirage.

It was the very first time Wynn was included with the style and construction of
a casino, and he financed the $630 million job mostly with high-yield bonds
released by Michael Milken. Its construction is likewise thought about
noteworthy in that The Mirage was the very first casino to use security
electronic cameras full-time on all table video games.