LAS VEGAS—Steve Wynn, chairman and CEO of Wynn Resorts, discussed plans at an investor conference here for a new entertainment destination built around a recreational lake concept. The development is subject to approval by the company’s board of directors and will include a 38-acre lagoon, surrounded by premium meetings and convention space, a 1,000-room hotel tower, a small casino and dining and nightlife establishments. The water attraction will include both daytime and nighttime entertainment elements, according to the company.
“We have a chance to reinvent Las Vegas and make the whole venue an entertainment attraction…an idyllic beach paradise surrounded by white sand beaches,” said the CEO. “People come to Las Vegas from all over the world to live large and have a good time and we can dish up an irresistible entertainment attraction.”
Tentatively called WynnParadise Park, the expansion will be constructed on approximately 130 acres of real estate that currently houses the Wynn Golf Club. The proposed lagoon will be lined by a white sand beach and boardwalk and feature an array of daytime activities including water skiing, paddle boarding and parasailing. At night, the space will transform with a fireworks display that will be launched from the 120-ft. center island and surrounding areas.
Wynn Paradise Park will add 260,000 sq. ft. of meeting space with unobstructed views of the waterfront; guestrooms with a separate bedroom, living room and balcony; and a variety of restaurants, including an expansion of the current Country Club restaurant.
In addition, the resort is also developing Wynn Plaza, a retail complex featuring 75,518 sq. ft. of retail space, which is expected to make its debut in the fall of 2017.