Elaine Wynn, a billionaire who worked with her then-husband, Steve Wynn, to launch Wynn Resorts, has died.
According to the New York Post, the Casino giant died at the age of 82 on Monday. The former couple co-founded the Mirage Resorts in 1976 and Wynn Resorts in 2000. They eventually went on to launch the Wynn Las Vegas, which according to the outlet, was the most expensive resort ever built at the time, and reaped the most profits in the gambling arena.
Steve Wynn is an American casino resort/real-estate developer cum art collector. He has a net worth of $3.4 billion, as reported by Celebrity Net Worth, and is one of the richest individuals in Nevada. He made his debut on the list of the 400 richest Americans at the 377th position, having had a net worth of $650 million at the time in September 2023. Six months later, his net worth skyrocketed to $1.1 billion.
Elaine Wynn's life and legacy explored as tributes come pouring in for the casino magnate:
Steve and Elaine Wynn tied the knot in 1963, though they divorced in 1986. They remarried in 1991 and by 2010, had parted ways again. The pair welcomed two daughters during that time, Kevyn and Gillian, and have since welcomed seven grandchildren.
Following a series of allegations involving s*xual misconduct, Steve departed the company and sold his shares in 2018, prompting Elaine to helm the efforts in reforming Wynn Resorts.
According to The New York Post, Elaine was heavily involved in philanthropy relating to the artistic and cultural institutions in Las Vegas, and also served as a board member of multiple educational institutions. She also helmed the development of Las Vegas as a destination for shopping, all while making the city a more residential area for families.
Her foundation announced her passing in a statement, as reported by Town & Country magazine:
"As we remember Elaine Wynn, we celebrate a life lived with purpose—a life that embraced the extraordinary potential of Las Vegas, a city she truly loved. Her legacy will echo through the vibrant streets and the stories of those she touched. In the heart and soul of Las Vegas, she will forever reign, not as Ms. Las Vegas, but as a visionary who turned possibilities into realities, inspiring all who followed in her footsteps," they wrote.
Dubbed the "Queen of Las Vegas," the casino magnate served as the co-chair of the Los Angeles County Museum of Art (LACMA), and in 2016, she pledged to donate $50 million to help build a new permanent collection space, Forbes has reported.
According to The New York Post, a recent filing from last month states that Elaine Wynn owned about 9.5 million shares of Wynn Resorts stock, which amounted to about 8.98% of the outstanding shares. At the time of her demise, her net worth was estimated to be $1.9 billion.
During a 2016 interview with Town & Country, she described her role in the company by saying:
"Well, for a start, whenever [Steve] would get a little bit crazy—or he would get a lot crazy—I was the sounding board. I'm more pragmatic and more earthly. And it worked very well for several decades."
Wynn Resorts also issued a statement upon her passing that said,
“We are all deeply saddened to hear of the passing of Elaine Wynn and send our condolences to her daughters, grandchildren, and her many close friends. As co-founder and one of the largest shareholders of Wynn Resorts, she helped to create and grow the company to become the most esteemed luxury resort brand in the world. Her many talents and special touches are indelibly imprinted on the company and still evident throughout our resorts."
The statement goes on:
“Elaine cared deeply about the employees of our resorts. The current and former employees who worked alongside her to create Wynn and Encore Las Vegas cherish the many fond memories they have of her, especially of when they opened Wynn Las Vegas with her 20 years ago this month. She was a tireless advocate for Las Vegas, for children and their education, and for the arts. We’re grateful that the enduring sense of philanthropy she instilled in our company continues to this day.”
Elaine Wynn is survived by her two daughters and seven grandchildren.
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