It's doubly not-bad when you consider that the 60-year-old Wynn, who graduated from the University of Pennsylvania with a degree in English and married his one-and-only at age 21, originally came to Vegas in 1967 through a fluke offer to own a small piece of the Frontier Hotel. The comeback mega-deal isn't bad for the son of a gambler who owned a chain of bingo parlors and died thousands of dollars in debt. Wynn will use proceeds from a recent $450 million initial public offering, loans from private investors, and some of his own money to finance his newest, innovative twenty-first-century concept for Las Vegas. The buzz on Wall Street isn't far behind. It's three years away from completion, and already Vegas is in a tizzy. If history is an indicator, his return augurs well for the renewed growth of Vegas - especially since Wynn (no bluffer when it comes to these sorts of things) vows that his next project, a $1.95 billion mega-resort called Le Reve, or The Dream, will be his greatest accomplishment yet. Nervous competitors - hotel executives who've seen their fortunes take a post-9/11 tumble, initiated massive job cuts, and watched seemingly unbridled construction grind to a halt - have good reason to pin their hopes on Wynn. This is the hopeful drumbeat that echoes from one end of the Las Vegas Strip to the other.
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