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IPFS News Link • Entertainment: Outdoor Recreation

Wynn Resorts board gives nod for $1.5 billion lagoon-theme park in Las Vegas...

• http://www.cnbc.com

Wynn Resorts plans to start construction as early as December on the first phase of its $1.5 billion Paradise Park, creating a white sand lagoon waterfront featuring attractions in Las Vegas, the company said Tuesday.

"We've got all these great ideas that are going into this lagoon and this beach front property," said Chairman and CEO Steve Wynn during the resort giant's first-quarter earnings call.

The new park was first disclosed last year at its analyst day event but Wynn said Tuesday on the call the company's board of directors had now approved the project and indicated construction will start in six or seven months.

Wynn laid out the first phase of the plan, which includes building a lagoon, boardwalk, new convention space and food services. That said, the company hasn't indicated just how many phases of the park development there will ultimately be.


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