Steve Wynn Reveals Details about Paradise Park Resort amid Excellent Q3 Results

The casino and real estate mogul Steve Wynn provided some information about the Las Vegas-based resort that is to be built. The owner of the property, which has been estimated to $1.6 billion, revealed more details about the attractions that are to be offered at the new property and that have been especially designed for customers who are not there to gamble.

Steve Wynn revealed on an earnings call with investors that the project, which is called Paradise Park, is to feature bumper cars that are to be chased around by fake police officers. The players who manage to finish the course first will receive prizes.

Of course, other attractions will be also available as soon as the project is finalised. Firework displays at night, watersports by day and a carousel that is to stretch over an artificial lake will be one of the greatest attractions of the 20-acre lagoon.

Despite the fact that Las Vegas is primarily known as a gambling destination, attractions that are not related to gambling are also considered quite beneficial for the local industry. Yesterday, Wynn Resort announced its best third-quarter results ever in Las Vegas, with the company saying that shopping, shows and other non-gambling sources have helped it boost its revenue.

The profit and sales generated by Wynn Resorts over the third fiscal quarter surpassed analysts’ expectations on renewed gains in Macau as well as in Las Vegas.

New Paradise Park Resort Plans

The project for the new Paradise Park resort was first announced by the 75-year-old billionaire months ago. According to plans, the resort is to be built on the site of an 18-hole golf course that has already been owned by the company.

The golf course is planned to officially stop working in December this year, with the construction of the Paradise Park being scheduled to start on January 3rd, 2018. The new property is to be situated between the Las Vegas and Sands convention centres. It is planned to feature a 1,500-room hotel. The latter’s suites are planned to be overlooking the man-made lake. In addition, there will be a watersports lagoon surrounded by artificial white-sand beaches. Wynn has not officially announced an opening date yet.

Earlier this year, Steve Wynn said that the area where the new Wynn Paradise Park is to be located was the best piece of real estate in the entire resort industry in Las Vegas. He was also optimistic with his projection about the upcoming four to five years, saying that opening the resort would undoubtedly be beneficial.

The company’s owner also responded to a question related to the mass shooting in Las Vegas that happened earlier in October, saying that the property has boosted the security over the last few years. At the beginning of the month, fifty-eight people got killed at a concert sponsored by MGM Resorts International. The shooting has raised some questions about some security issues of the gambling and non-gambling venues in the region, so Steve Wynn explained that future options include weapon-detecting security devices.

  • Author
Olivia Cole

Olivia Cole

Olivia Cole has worked as a journalist for several years now. Over the last couple of years she has been engaged in writing about a number of industries and has developed an interest for the gambling market in the UK.
Daniel Williams
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