Wynn Resorts Group has big plans for next year, with the CEO recently talking about plans for a new hotel. During an earnings call last week, the CEO of Wynn Resorts, Steve Wynn, mentioned plans for a new Las Vegas casino, currently called the Paradise Park Project. The new project will see Wynn Resorts build a new 467-story tall hotel tower, which will house 1500 rooms.
Wynn Resorts to Repurpose Golf Course
The Paradise Park project still needs to be approved by the board of directors. The plans for the hotel are in an advanced stage. The proposed location is on the golf course that can be found to the east of Wynn Las Vegas and the Encore hotel towers. The new project will require the golf course to be shut down. The Paradise Park project will use the lagoon that is part of the golf course.
The new project will bring visitors a carnival theme, but with a twist. Visitors will find rides and attractions that are similar to those found at carnivals and amusement parks. These will include the likes of bumper cars, parades fireworks, zip lines and so on. Wynn has said that the parade will be a visual and musical extravaganza, with around 12 floats. However, the parade will have an edgier feel to it than many other parades out there.
Wynn Resorts CEO Enthusiastic About Project
The CEO of Wynn Resorts also expressed plenty of enthusiasm for the project. This is thanks to the fact that it will be surrounded by numerous other attractions that will draw in large numbers of people. These include Resorts World Las Vegas, which is currently under construction, as well as the Las Vegas Convention centre, which is being renovated and expanded.
As mentioned, the Wynn Resorts board of directors still need to give the Paradise Park project the green light, after reviewing the proposal. Steve Wynn is very confident though, saying that management is very much in favour of the project. Provided nothing unexpected happens, construction crews will begin preparing the site in January 2018. Construction will begin properly in March or April.