Steve Wynn and a cast of hundreds last Thursday broke ground on his Le Reve casino resort on the site of the Desert Inn.
In ceremonies attended by both of Nevada’s U.S. Senators, as well as local officials, business and community leaders, Wynn said his new hotel will “take it to another level” while appealing to “that next generation” of casino customer.
Le Reve — which means “the dream” in French — represents Wynn’s latest vision on the Las Vegas Strip. His previous dreams to turn to reality include the watershed Mirage in 1989, and the industry standard Bellagio in 1998.
Wynn characterized Le Reve as his most “ambitious project,” requiring the “largest construction financing in the history of America.”
The $2.4 billion resort-casino will be built on 192 acres on the site of the old Desert Inn. Scheduled to open in April 2005, the sprawling resort will include a championship golf course, 18 dining outlets, art gallery and auto dealership selling Ferraris and Maseratis.
Other amenities include an eight-story, man-made mountain with a 3-acre lake, waterfalls and other dramatic design features; a 111,000 casino and upscale shopping.
The resort’s 2,700 guest rooms will feature oversized bathrooms, designer furnishings, flat-screen plasma TV screens, fax machine printers and wireless data ports.
Wynn commended his 240 employees, mostly upper management personnel, who joined him and will help in bringing his dream to reality.
“This is a project that people all over the world will want to see,” Wynn said.
In addition, Wynn added, the “long term implication” of building a resort like Le Reve is that “the financial world has given this city a vote of confidence.”
“When The Mirage was built, it was the center of the universe,” Wynn said. “This is a signature moment for the state of Nevada.”