Steve Wynn Plans Fourth Vegas Hotel

Bloomberg Intelligence’s Margaret Huang discusses Wynn’s quarterly earnings.(Source: Bloomberg)
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Casino magnate Steve Wynn is planning a fourth hotel in Las Vegas, a vote of confidence in a city still coping with lower attendance since an Oct. 1 mass shooting.

The new hotel will be built on the site of the former Frontier hotel, across Las Vegas Boulevard from Wynn’s two existing properties. It will feature approximately 2,500 hotel rooms and be linked to the Wynn and Encore hotels by an “air-conditioned umbilical hallway,” Wynn said on a conference call Monday.