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The Revenge of Steve Wynn

By Chuckmonster on Wednesday, 6th April 2005 8:16pm
  » filed under Las Vegas  comments: 0


At the hiring office for the new Wynn Resorts Ltd. (WYNN ) casino in Las Vegas, parking lot attendants carry flashlights to direct applicants like jets on a busy runway. Arte Nathan, Wynn's human resources chief, says he has 108,700 applications for 10,000 jobs. Two thousand offers have gone out to employees of rival casino operator MGM Mirage Inc. (MGG ), which has banned Nathan from setting foot on its properties.

The hiring boom is just the latest salvo in what's shaping up to be the biggest casino war Sin City has ever seen. On Apr. 28 industry legend Stephen A. Wynn will open the first new resort in five years on the Las Vegas Strip. At a cost of $2.7 billion, Wynn Las Vegas will be the most expensive casino in the world, boasting features such as a three-acre man-made lake, a Maserati/Ferrari dealership, and the Strip's only golf course. Wynn, 63, will be competing head-to-head with MGM, whose largest shareholder, Kirk Kerkorian, snatched Wynn's Mirage Resorts Inc. away from him in a hostile takeover five years ago. "It's going to be the revenge of Steve Wynn," says Anthony Curtis, publisher of the Las Vegas Advisor, a newsletter for gamblers. "He has put everything into showing he's the guy who makes the best resorts in the world."



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