Inside Wynn Paradise Park
A Model Analysis
On Wednesday April 6th, 2016, Steve Wynn, Chairman and CEO of Wynn Resorts announced to investors a plan to "reinvent Las Vegas" by redeveloping a portion of the Tom Fazio designed golf course into a 1,000 room hotel and convention center that overlook a massive white sand beach and "crystal lagoon." The lagoon - designed in conjunction with Chilean biochemist turned real estate developer turned crystal lagoon technologist Fernando Fischmann - would feature waterskiing, swimming, paddle boating, water shows and fireworks displays every night.
Las Vegas has everything. Within the all encompassing everything, there is one thing that Las Vegas has lost... it's iron clad grip as the king of casino gambling destinations. From convenience stores to riverboats, fantasy sports to Facebook, gambling - in one form or another - is omnipresent. What does a city do when the major activity that set it apart from every other tourist mecca has been co-opted by every Cabazon, Canandaigua and Cripple Creek?
Kneecap casino game odds, pile on hospitality fees and build more non-casino attractions.
"The Big Baby"
16 months ago Steve Wynn told the Las Vegas Sun "while I'm alive, I will never, ever develop the golf course." He made this statement approximately three months after letting the former New Frontier property be bought at auction by his former employee and ex-nephew Andrew Pascal, fellow Macau casino concessioner James Packer and Oak Tree Capital.
Between then and now, something has changed. Steve asserts that the mix of battling governmental bureaucracy and big budget creativity in Cotai and Boston Harbor forged a diamond idea...
...that golf course, surrounded by meeting rooms and that lake is once again the opportunity to reinvent Las Vegas. Las Vegas has everything... except beaches. It doesn't have an ocean, it doesn't have beaches! [Slams hand on knee] so we decided to do it! Use our latent asset - the golf course.
With Las Vegas currently roaring - 43 million annual visitors, 800,000 per week, 117,000 per day - Wynn sees an opportunity to create a spectacular non-casino experience that 10,000 preferably rich, clean and beautiful people will pay $25-50 per day to enjoy. The eye of Steve's mind sees his San Tropez meets Disneyland where he is Caesar.
Exo-reality distortion field, I see the pool at Mandalay Bay, a fireworks show and a quaint reminder of an 80's music video. Does anyone else remember when a big Wynn announcement commingled with waterskiing?
All that being said, any possibility of carrying my skeleton through a Roger Thomas-designed boutique hotel liquifies my aquifer.
To the north, a 1000 room boutique hotel with attached convention center. To the south a drive up porte cochere (and probably a ticketing desk) with access via Sands Ave. Also a pumphouse, where the ultrasonic chemistry developed by lagoonist Fernando Fischmann will keep Steve's giant lake/pool clean. The north and east sides will feature white sand beaches dotted with palm trees and cabana tents. A wooden boardwalk will ring the whole deal... 7/8th of a mile round trip.
The lagoon will extend right to the edge of the Wynn Fairway Villas, finally giving Steve & Andrea's dedicated fans the opportunity hurl roses, vegan chocolates, design advice or applause at the royal couple as they enjoy an expertly prepared tofu scramble in the morning light. No doubt we'll see photos of the Wynns casting loving gazes at sunset or chomping stogies with Warren Buffet, Ron Popeil, Bill Gates and the Dalai Lama as fireworks double glisten upon the shimmering Lake Weinberg.
The center of the lake will feature a sandy beach island - which will offer dual function as chillaxation station by day and fireworks launch pad by night. Motorboats will zip around the island towing water skiers and rescuing marooned drunks.