Tag Archives: Elaine Wynn

Steve Wynn’s Fling is Kaput

Billionaire Las Vegas and Macau hotel and casino mogul Steve Wynn, 68, and his British girlfriend, Andrea Hissom, right, 46, have split, according to multiple sources. 

Their parting comes a little more than a year after their romance, which bloomed on the French Riviera, became public. 

Wynn and former wife Elaine were divorced Jan. 5, and she received a settlement that Steve Wynn, who became a billionaire in 2004, confirmed was one of the largest in U.S. history. 

There was a recent spat, and Hissom, the mother of two teenage sons, has apparently returned to London, sources said. 

Wynn and Hissom lived in a luxiorious villa on the Wynn Las Vegas property, a long walk from the villa occupied by Elaine Wynn. 

In a recent interview that appeared in Sunday’s South China Morning Post, Steve Wynn acknowledged that the two women have not met. “Elaine does not want to meet Andrea,” he told the newspaper and saying he and Elaine had split a year before he met Hissom. 

During the interview, it was clear he was still smitten with Hissom.  “I get to go to bed at night with this lady who is sweet and perfect,” he says. “She’s 46 but looks 18. She is genetically lucky. I grew up with Elaine.” 

Elaine told the newspaper, “I am mourning the loss of the dream as much as the man, but I do not feel like a victim in any way.”

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Steve & Elaine Wynn Plan Amicable- & Most Expensive Divorce in History

Steve and Elaine Wynn, in a joint statement released yesterday, after eight months of hammering out some of the details, the couple announced they have reached “an amicable settlement” agreement in the split of their estimated $2 billion gambling empire– giving it the distinction of one of  the most expensive divorces on record. 

According to the statement, the terms and conditions of the settlement are confidential.   

Their divorce is expected to be finalized the first part of 2010. 

It also appears to be business as usual after the divorce is final.  Elaine Wynn will continue her role as director and board member of Wynn Resorts, Ltd., emphasizing community outreach and charitable contribution projects, working together with ex-hubby Steve Wynn.   

Their divorce papers were filed March 5 and sealed the same day, keeping secret such details as who filed. 

There has been speculation that the divorce settlement could eclipse the $1.7 billion worth of assets media mogul Rupert Murdoch agreed to give wife Anna in their 1999 divorce. That deal included her receiving a reported $110 million in cash. 

The Wynns were married in 1963, divorced in 1986, and re-married again in 1991— all the while acquiring their current financial fortune. 

The Wynns split after the hotel developer’s romance with a British divorcee, Andrea Hissom, went public this year. They met in 2008 on the Riviera, where he has a luxury yacht. 

Steve Wynn, who turns 68 Jan. 27, and Hissom were seen yesterday at the “Regis & Kelly Live” TV taping at the Encore Theater at Wynn Las Vegas. 

The Wynns are now living in separate villas at Wynn Las Vegas on the Strip. 

In his divorce complaint, Wynn said that because of the couple’s wealth of community property, neither party should be awarded alimony or other financial support. 

But under Nevada law, community property is supposed to be split in half, which means each is entitled to half of the couple’s lucrative Wynn Resorts stock. Exactly how the stock is being divided, however, remains to be seen. 

Steve and Elaine Wynn reportedly each own more than 24 million shares in Wynn Resorts. Wynn Resort stocks have been hovering between $60 and $70 a share. 

Nevada gaming regulators have been watching the divorce proceedings because Elaine Wynn may have to come forward for licensing if she ends up owning 10 percent of Wynn Resorts stock. It depends on how her ownership share is structured.

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Las Vegas Billionaires Cry in their Dom Pérignon

The annual Forbes 400 list of the richest Americans for 2009 was released this week.  With deep sadness and regret Las Vegas Backstage Access reports that most Las Vegas gaming luminaries have taken multibillion-dollar net worth shellackings. billionaires

Most blamed their financial woes largely on the stock market’s collapse in 2008 and early 2009. 

Las Vegas Sands Corp. founder, chairman and chief executive officer Sheldon Adelson, 76, was the highest-ranking Nevada resident on the list, coming in at No. 26 with a net worth of $9 billion. 

But even that is chump change in comparison to Microsoft Corp. founder Bill Gates who tops the Forbes list with a net worth of $50 billion, followed by financier Warren Buffett, who comes in at No. 2 with $40 billion. 

By comparison, Adelson began 2008 as the third-richest person, but Forbes refigured its list later in the year and Adelson fell to 15th with a net worth of $15 billion. In March, when Forbes released its top billionaire list, Adelson was listed with a net worth of $3.4 billion. 

Las Vegas Sands avoided filing bankruptcy nearly a year ago when Adelson invested $1 billion of his own money into the company to make a debt payment. 

Kirk Kerkorian, the 92-year-old Los Angeles billionaire who owns about 43 percent of MGM Mirage, took the largest tumble of all gaming executives on the list, falling from 27th in 2008 with $11.2 billion, to 97th in 2009 with a net worth of $3 billion. 

MGM Mirage’s declining stock since the end of 2007 reduced the value of Kerkorian’s holdings in the company from $11 billion down to $1.5 billion. Other Kerkorian investments in the oil and automotive industries also suffered throughout the year. 

Wynn Resorts Ltd. Chairman Steve Wynn fell from 118th with $3.4 billion to 141st with $2.3 billion. “Tough year for the king of Las Vegas,” Forbes reported. 

The biggest Las Vegas challenge, according to the magazine, was opening the $2.3 billion Encore last December in the middle of the recession.  

Meanwhile, Wynn cashed out more than $100 million in shares of Wynn Resorts that will be used as part of his upcoming divorce settlement with his wife, Elaine. 

Other Las Vegas gaming industry executives making the list included former Stratosphere owner Carl Icahn, who recently became majority shareholder of Tropicana Entertainment. Icahn was 22nd with $10.5 billion in net worth. 

New York billionaire Donald Trump, who owns the Trump International Las Vegas and 30 percent of the company that controls three Atlantic City casinos, was 158th on the list with $2 billion in net worth. 

Other Las Vegans include Treasure Island owner Phil Ruffin, No. 193 with $1.85 billion, and Silverton owner Ed Roski Jr., No. 236 with $1.5 billion, rounded out the list of gaming executives. 

Hilton Hotels scion Barron Hilton, who earned $800 million when the company was sold to Blackstone in 2007 and $300 million from the sale of Harrah’s Entertainment in 2008, is tied with Wynn for 141st on the list with $2.3 billion. 

Curiously, Las Vegas partier and socialite extraordinaire Paris Hilton, and even her pet monkey were left off the list. 

The only other Nevadan listed on the Forbes 400 is Henderson resident Nancy Walton Laurie, daughter of Wal-Mart founder Sam Walton. She was listed in 118th place with $2.6 billion. 

Three members of Mars family, whose family’s company owns the Las Vegas-based Ethel M Chocolate family, tied for 19th place on the list, each with $11 million in net worth. 

Now, a brief moment of silence for all the Las Vegas  billionaires who have lived gold-gilded lives and lost but a smidgeon of their fortunes– and for the majority masses who can’t even count to a billion, or even write it.

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What’s Up with Steve Wynn and Encore in Las Vegas?

There is much controversy swirling around a supposed new nightclub and beach at Encore in Las Vegas, the newest signature resort in the Wynn collection, which opened  on December 22, 2008. 

Many are saying the nightclub has been named Switch Beach and the club’s monicker will be Wet Kiss.  

Plus, as Steve Wynn and his wife Elaine are going through the steps of their costly divorce, recently selling stock to plan for the eventuality as reported by Las Vegas Backstage Access, Steve now has reportedly purchased another luxury yacht.

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Steve and Elaine Wynn Plan for Divorce, Sell $114 Million in Stock

Las Vegas casinos have been slammed hard by the recession, but Wynn Resorts shares have more than tripled from a March low. Now, Steve and Elaine Wynn have cashed in some of that jackpot with a whopping $114 million stock sale to raise cash ahead of their impending divorce. 

The couple sold two million shares of the company’s common stock on Aug. 14 at an average price of $57 per share. Steve Wynn is Wynn Resorts’ chairman and chief executive officer and Elaine Wynn is a director of the company. The Wynns, who now hold 46.7 million shares directly and through an interest in Aruze USA, have cut their stake in the company to 37.9% from 39.6% with the sale. 

The divorce would be the couple’s second. They divorced in 1986, but never separated and remarried in 1991. 

Wynn Resorts operates Wynn Las Vegas and Encore hotels and casinos on the Las Vegas strip and another resort and casino in Macau. All properties suffered when the recession hit and corporations and individuals curtailed luxury spending. 

The company’s stock price traded for as little as $14.50 in early March, but that was an inflection point. Wynn Resorts closed at $54.85 recently. 

For the year-to-date, Wynn Resorts shares are up 30%. Competitors Las Vegas Sands and MGM Mirage haven’t fared as well, gaining 18% and falling 39%, respectively. 

In July, Wynn Resorts surprised Wall Street by reporting a second-quarter profit, aided by aggressive cost cutting. 

Lon Juricic, president of StreetInsider.com, says the divorce situation means investors shouldn’t read too much into the sale.

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Death of Las Vegas Entertainer Danny Gans Remains a Mystery

Still no answer is forthcoming on the reasons for the death of Las Vegas iconic entertainer Danny Gans, who died suddenly and unexpectedly at the age of 52 in his Henderson, Nevada home on May 1. 

Although “all the initial information is in,” says Clark County Cororner Michael Murphy, referring to toxicology reports submitted to medical examiners, “it’s not available for release, and we’re still poring over the information.” He added that they have “gathered what we believe is all the critical information, and we anticipate an answer within the next couple of weeks,” but said it could take longer. 

Murphy declined to speculate about possible findings.  Gans’ family members have said he was on medication to control high blood pressure, but otherwise had no health issues as far as they knew. 

According to Chip Lightman, Gans’ manager, the night before Gans died, the entertainer slept poorly. 

A memorial service for Gans was held May 21 at the Wynn Encore, where Gans had performed.  Those in attendance included his wife and his three children, Amy, Andrew and Emily, and Donny and Marie Osmond, Steve and Elaine Wynn, Clint Holmes, Rita Rudner, Criss Angel, Carrot Top, George Wallace, and former Nevada Governor Bob Miller.

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Steve Wynn Rumblings

It’s never a dull moment in Steve Wynn’s life.   Looking to replace Mirage headliner Danny Gans, who tragically died, supposedly Wynn has been talking to semi-retired country music sensation Garth Brooks to take the reins.  The Brooks camp is playing down the supposed rumblings, even denying the offer exists. 

But there have been rumblings as well that Wynn has had conversations with Las Vegas Hilton headliner Barry Manilow, whose contract expires at the end of this year. 

But one thing is for certain:  Sightings of Steve Wynn’s British girlfriend Andrea Hissom have ramped up this month at Wynn Las Vegas and Encore, amid rumors that she’s in the process of moving to Las Vegas after an amicableAndrea Hissom agreement was reached between Steve and Elaine Wynn, who are divorcing.

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Danny Gans Memorial Service Today in Las Vegas

The Danny Gans memorial service will be at 3 p.m. today, May 21, in the 1,600-seat Encore Theater at Wynn Las Vegas, the former showroom for the celebrity vocal impressionist.

Expected to attend are Steve and Elaine Wynn, Las Vegas Mayor Oscar Goodman, entertainers Donny and Marie Osmond a throng of other celebrities, friends and guests. Originally announced as an invitation-only wake, the memorial will include some fans, firefighters and police who were offered complimentary tickets this week from showtickets4locals.com

Gans died in his home of unknown causes on May 1. He was 52.  His death is currently being investigated, perhaps for a couple more weeks.

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Wynn’s Lace Up Sparing Gloves

Steve Wynn and wife Elaine have selected their lawyers for their divorce battle.   In Elaine’s corner will be lawyer Don Schiller, who represented Juanita Jordan in her divorce from NBA icon Michael Jordan. 

In Steve’s corner will be attorney James Jimmerson, who handled Wayne Newton’s divorce and Mike Tyson’s bid to regain his boxing license.

With Forbes magazine announcing this week in its annual ranking of billionaires that Steve Wynn’s worth is pegged at $1.5 billion, down from $3.9 billion a year ago, the trial will assuredly provide the backdrop for one of the biggest divorce settlements in U.S. history. 

Chicago-based Schiller won a $168 million settlement for Juanita, which was ranked by Forbes magazine as “the most expensive in entertainment history.”

But Steve Wynn, who filed for divorce from Elaine on March 5, now reportedly being in love with British divorcee and socialite Andrea Danenza Hissom, will probably give up more than that.  The split is thought not be an amicable one.

In comparison, like billionaire Rupert Murdoch coughed up $1.2 billion in assets to former wife, Anna.

This has lead some to believe that the Wynn’s will eventually settle by splitting up the two huge Las Vegas casino-hotels – Wynn Las Vegas and Encore -that they opened in the past five years, renaming them Steve’s and Elaine’s.

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Illusionists Siegfried & Roy – & Career-Ending White Bengal Tiger -Take Final Las Vegas Curtain Call

Future performances from iconic Las Vegas illusionists Siegfried and Roy – and the white Bengal tiger that ended their prior careers – are, sadly, over.  siegfried

For their last hurrah the trio shared the stage on February 28 at the Bellagio Hotel and Casino in Las Vegas for their haunting final performance for the 13th annual “Power of Love” gala benefit for the Keep Memory Alive organization, proceeds going to the Cleveland Clinic Lou Ruvo Center for Brain Health in Las Vegas. 

Hosted by Robin Leach, in the audience were Teri Hatcher, Leeza Gibbons, Hilary Duff, Danny DeVito and his wife, Rhea Perlman, comic actor (and former Riviera entertainment director) Steve Schirripa, Muhammed Ali, Kristin Davis, and Jane’s Addiction front man Perry Ferrell.

The gala began by feasting on mouth-watering cuisine from chef’s Todd English, Wolfgang Puck, David Robins, Martin Heierling, and Jean-Philippe Maury. 

Then the abbreviated charity show saw Roy Horn and Siegfried Fischbacher side by side with Montecore, the massive white tiger that brutally mauled Horn during a 2003 performance.

Horn re-emerged Saturday dressed in a Gothic-style black-and-white robe, his face covered with a skeletal mask. The dark stage was covered in smoke.  Horn limped slowly onstage, often steadying himself on Fischbacher’s shoulder.

The two slowly performed a signature illusion as Fischbacher, dressed in white robes and a mask, stood inside a cage, which was cloaked in drapes.  As Horn removed the curtain seconds later, Fischbacher appeared across stage, a hulking white Bengal tiger in his place- it was Montecore.

As the crowd took to its feet, the men removed their masks and Fischbacher was standing between Montecore and Horn. They waved and blew kisses at the audience, but said nothing.

An announcer left the crowd with this final thought: “Within all of us there is an illusive melody, which when heard and followed will lead you to the fulfillment of your fondest dreams.”

On October 3, 2003, Montecore sank its teeth deep into Horn’s neck, dragging him offstage in front of a horrified audience. The illusionist, now 64, was partially paralyzed, suffering a damaged neck artery and crushed windpipe. 

After 13 years and more than 5,000 performances, the “Siegfried & Roy” show at The Mirage immediately went dark, ending one of the most successful shows in Las Vegas history.

During Horn’s long rehabilitation, though, both men remained devoted to their exotic habitat on the Las Vegas Strip. The Secret Garden and Dolphin Habitat at The Mirage hotel-casino houses lions, tigers and leopards. Fischbacher, 69, has called it Horn’s “reason to get up in the morning.”

The benefactor for the event, the Cleveland Clinic Lou Ruvo Center for Brain Health, will treat brain disorders like those Horn now suffers, is set to open later this year in a building designed by architect Frank Gehry.

An estimated $12 million was raised by the event for the Ruvo center, punctuated by  a $450,000 bid on a Rolls-Royce trimmed with the Keep Memory Alive logo, and a $5 million donation by Chuck Mathewson, CEO emeritus of IGT.   Steve and Elaine Wynn donated another $1 million.

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Steve Wynn’s Divorce Rumors Persist in Las Vegas

London’s Daily Mail is speculating that the Steve and Elaine Wynn’s split could become the most expensive divorce settlement in entertainment history. 

The “other woman” in the Steve Wynn tryst now has been identified as British socialite Andrea Danenza Hissom, a 40-something mother of two teenage sons, who was married to London-based investment broker Robert Davis Hissom, according to The New York Post’s Page Six column.  

Hissom’s father is financier Victor Danenza who fled to France in 1976 from New York after the FBI investigated his connection with fraudulent stock market deals.

Wynn and Hissom have reportedly been rendezvousing on Wynn’s yacht on the Carribean island of St. Bart’s.

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Tell Us…Please: Are the Rumors True, Steve (Wynn)?

After the recent Las Vegas gala opening for Steve Wynn’s newest flagship Encore property, the rumor mill has been stevewynn2working exhausting overtime hours.  If you haven’t heard the rumblings, the founder, chairman, and CEO of Wynn Resorts, Steve Wynn, has supposedly separated from his wife, Elaine, a former Miss Miami Beach in 1960 and significant contributor to Wynn’s enterprises. 

Neither have confirmed or denied the separation.  

Adding winds to the tempest, a Wynn Las Vegas villa is reportedly now being renovated to be the new home of Steve Wynn and his mystery British girlfriend, a divorcee in her late 40s with children.

Steve Wynn and his girlfriend were reportedly in St. Moritz, Switzerland, celebrating his 67th birthday last Tuesday. 

The Wynn’s were married in 1963 and divorced, but never separated, in 1986, when Steve risked everything by building The Mirage with help from then junk-bond trader Michael Milken.  They remarried five years later at the Waldorf-Astoria, site of their first wedding.

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