It’s an amazing casino. I’m not sure when or how it was created but in 1998, when it was still being designed, the head of the company (the owner) visited a casino in Las Vegas and decided to open a casino in Rio. They built it and opened it in 2009. They’re probably the most expensive casino in the world but it’s also the most famous casino in the world. Many people call it the most exciting casino in the world.
Question: In 2010, when the Taj Mahal was auctioned off, the value of the property increased by more than 60%. How far up did the price go?
Answer: It went up to a price of $6.1bn
If this is not a record then what is? Most of the time if the price goes up a lot, that is the best possible number for it. But also this is a good time to compare the price of the hotel with others in the cities in America that are similar or more expensive.
Question: Since you have been the owner of Wynn since 2009, you are now facing one of the most complex challenges of any sports team or resort in any country in the world. What is the most difficult part about managing your business?
Answer: The most difficult part of managing is always the logistics
In 2010, the management of the project started from the very day of the first press of the hotel to the end of August. In the beginning of 2008, one of the executives from a major American company approached us regarding the possibility of investing to build an 80-story hotel in New York. They wanted to buy a piece of land for $30m that’s currently home to the tallest building in the world. They wanted to build a hotel that is the perfect location for tourism as they wanted to create an attraction in New York as well as the entire world.
The biggest challenge with New York is that it is so densely populated. If you look at the city of London you can find many smaller hotels with their own parking lot but there is only one large hotel in London.
This is very difficult with New York, so we thought that we had to do something about the infrastructure in the city in order to create a new attraction: a gigantic hotel. We spent the most time and effort on this project, we got the perfect architect, we had the best project manager and we got most of the key investors. As soon as we made
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