Las Vegas Strip News: Steve Wynn Acquires Another Big Plot of Land

Steve Wynn is arguably the most important figure in the history of the Las Vegas Strip, developing the Mirage, Treasure Island, Bellagio, and Wynn Las Vegas. This week, we found out that his days building new properties on the Strip may not be over.

Wynn Resorts (NASDAQ: WYNN) announced that it has acquired 38 acres of land directly across Las Vegas Boulevard from the existing Wynn Las Vegas resort for $336 million. The land is arguably the most valuable contiguous property in Las Vegas, just north of Fashion Show Mall, and if a resort is eventually built, it could magnify a new high-end focus on the north end of the Strip.

Image source: Getty Images.

Source: Fool.com