Tuesday, December 31st, 2013 at
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Have you ever wondered who was behind some of the major casinos in Las Vegas. I did. You may remember the post I did on my trip to Las Vegas when I stayed at the Bellagio, sometimes referred to the Jewel of Las Vegas! Well it turns out that particular Casino came about because of a bloke called Steve Wynn! I found this interesting article about some of the stuff involved in the building of a casino that you may find interesting.
Steve Wynn Casino Magnate
Every casino that is constructed starts out as a proposal. This is the same way that most other construction projects begin, but there are some key differences. The main goal of the proposal is to get authorization to build on that site, which has to be given by the government. Another goal of the proposal is to get financial backers who will be interested in the project. When they see how the casino is going to be constructed and what it has to offer, they may decide that they will put some of their money down to make it happen, counting on making that money back in the future.
When you look at a proposal from casino owner Steve Wynn, for example, you can see that there are many different things outlined in the paperwork. The proposal needs to show every aspect of the casino. This is important for both sides of the equation, from getting financial assistance to getting authorization. The government needs to see exactly what is going to be built, and the lenders need to see all of the different ways in which they can expect to draw an income. Both sides can then decide if it seems to make sense, if it seems lucrative, and the project can go forward. Read the rest of this entry