In what we believe is an attempt to kill Steve Wynn’s Legacy, Wynn resorts announced they are scrapping Steve Wynn’s Lagoon project and instead will be reinstalling the failed golf course that Wynn started removing to build his Lagoon.
CEO of Wynn Resorts Matt Maddox told investors that he is eliminating the lagoon project and replacing it with a revamped 18-hole golf course.
The Paradise Park plan was expected to bring in far more revenue than the failed golf course and would have featured a large man-made lagoon, with a carousel, bumper cars, water recreation activities new restaurants and retail, a hotel room tower, a white-sand beach and a boardwalk.
The 38-acre Crystal Lagoon would have been the centerpiece of the development that would have featured 260,000 square feet of premium meetings and convention space, a 1,000-room hotel tower, a small casino, and extensive dining and nightlife.
The lagoon would have used 30 times less water than a typical 18-hole golf course and 50 percent less water than a park of the same size.
With Steve Wynn taken down by the liberal MeToo Hate Mob, it seems the vindictive executives at Wynn are doing everything they can to undo his legacy. In fact, the latest rumor floating around Vegas is the resort may be completely renamed and sold off to the Malaysian resort company, the Genting Group.
Earlier this year, the Casino Mogul was forced to resign over sexual harassment allegations that supposedly happened 30 years ago. He said in a statement at the time, “In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity.”
“As I have reflected upon the environment this has created — one in which a rush to judgment takes precedence over everything else, including the facts — I have reached the conclusion I cannot continue to be effective in my current role.”
Wynn Resorts’ stock tumbled $13.64, or 12 percent, to $100.35 in extended trading. Apparently, these corporations are no longer interested in making a profit, they seem more concerned about pushing political agendas and destroying the legacy of a man who helped build modern-day Las Vegas.