Drama for Wynn Casinos

Wynn Casino wikimedia public domain

Steve Wynn has an incredible knack for creating the ultimate high roller experience. Sure, some also blame him for the corporate culture that invaded Las Vegas with the introduction of the Mirage. I guess those people liked it better when the mob ran Vegas. Regardless of that, Wynn was the main guy that brought Vegas out of the tacky 1970s into the ultra luxury era. After the Mirage can Bellagio, which elevated the standard even further. After cashing out, then he decided to put his name on the building. The Wynn casino wasn’t that much of a leap beyond Bellagio, but it did plant itself as one of the premiere luxury spots on the Strip. If you’re a group of guys or high rollers ready to have a great time in Vegas, then you can’t go wrong at the Wynn.

But now Steve Wynn the person is back in the news, as his ex-wife is threatening his casino empire. BusinessWeek explains that “Elaine Wynn has asked a federal court for permission to sell the Wynn Resorts (WYNN) shares she was awarded in the couple’s 2009 divorce.” This is a problem as she’s a swing shareholder of the company. Even if she just sells half of her 9.6 percent stake, such a transaction could possibly trigger a series of events that would threaten Steve’s sway over his company according to the article.

It’s funny how little things like a divorce, even a $750 million divorce, can have such a potential impact on a place like Las Vegas. Not that any of us really care. There are so many places in Vegas to gamble.

Frankly, I wouldn’t be surprised if Wynn decided to start all over again. Now with Aria and Cosmopolitan, his Wynn casino is no longer the newest luxury hot spot on the Strip. The guy seems obsessed with setting new standards, so maybe all of this drama will lead him to create something new again. That said, the odds may be against that course of action. Vegas is so saturated right now with high end hotels, and the days of the whale from Asia seem to be gone with overseas competition. Still, we love new hotels, so who cares if it’s a financial success for Wynn. He can afford it, even after his $750 million divorce!

  

The $1,000 Mint Julep

Don’t get too excited. It’s all for charity at the Kentucky Derby. In this video Woodford Reserve master distiller Chris Morris explains the idea behind this drink.

  

Apps for the super rich

The app business is exploding, and naturally there are apps targeting rich people or anyone who appreciates luxury. Check out the video for some ideas.

  

Rich and Famous Lifestyle Comes With Consequences

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Most people would say that celebrities are blessed with fortune and fame, but are these two elements really all they’re cracked up to be?

The Downsides of Celebrity Status

According to a recent Huffington Post article, high-profile celebrities are faced with much more than just adoring fans and Hollywood red carpet events, as evident in the following examples:

1. Drug/Alcohol Dependency

“…Brush my teeth with a bottle of Jack, ’cause when I leave for the night, I ain’t coming back.”

Ah, the poetic song lyrics of celebrity train wreck, Ke$ha. Though her talent is comparable to that of an amoeba, fans worship her “live fast, die young” mantra, which happens all too often with high-profile celebs. The rich and famous lifestyle knows no bounds, particularly when it comes to substance abuse.

I’m all for a messy night out every now and again, but celebs’ constant access to a bevy of designer drugs/drinks will inevitably take its toll. Just look at all those who succumbed to the “27 club” as a prime example.

2. Security Measures

All the fame in the world can’t buy you peace of mind.

High-profilers are on constant watch of potential threats, from invasive paparazzi encounters to the obsessive fan base. Even with implemented security measures, celebs – and their families – are constantly at risk.

3. Tabloid Rumors/Gossip

Fame doesn’t pardon cruelty. An active face in the limelight guarantees hurtful, negative remarks from the peanut gallery. Such constant berating is likely to penetrate even the thickest of skin. While celebs rank high on the media’s pedestal hierarchy, they’re not exempt from the sting of biting words.

4. Bankruptcy

Money management is a major concern for high-profile entertainers, who often utilize poor, financial judgment. Over the years, top-paid celebrities have been forced to file for bankruptcy as their savings depleted faster than their sales.

*Both fame and financial successes are noteworthy achievements, but they still come with costs. The limelight doesn’t just showcase beauty and talent; it can also extract the negative aspects induced by a high-profiler lifestyle.

  

Calling All Frequent Flyers….

Free Image Courtesy of FreeDigitalPhotos.net

Free Image Courtesy of FreeDigitalPhotos.net

Attention all seasoned Caesars customers! Come January 2013, privileged high rollers can indulge in Caesar’s new charter jet hire, specifically catered to all affluent “regulars” who frequent the casino resorts. 1500 annual flights will be provided by Republic Airways as part of the Caesars Rewards Program, ensuring prompt travel across the multitude of Caesar-owned properties. In addition to flights, special hotel rates and vacation packages are available as an extension to this gambling getaway.

The rewards program is great incentive for all big spenders to drop bigger bucks, but I can’t help but wonder how much this frequent flyer perk actually costs. Though rates were non-disclosed, I can safely assume this aircraft premium is truly a sky-high hit to the wallet!

 

  

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