Wynn's new Vegas hotel looms large

November 9, 2004 at 8:16 AM | by | ()

Opening in the spring of 2005 Wynn's new Vegas hotel looms large. and we've got the photos to prove it (check it out, to the right).

Wynn Resorts' IPO opened at $13 a share two years ago and closed Friday at $63.01 a share, with an opening date for the hotel two and a half years away - Wynn is set to open in April 2005.

Wynn's rival, Sheldon Adelson, is poised to go to market with his initial public offering for Las Vegas Sands. Adelson also owns the Venetian and the soon-to-be Palazzo. The only holdup is approval from the Securities and Exchange Commission.

The massive offering will be the public's first chance to invest in Adelson's business.

With Wynn Las Vegas soon to open across the street from the Sands Convention Center and the future Palazzo, analysts say the IPO should set records. But Adelson is no Wynn.

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