Wynn Macau, the company's second project started construction on June 28, 2004. The company's first project, Wynn Las Vegas, opened on April 28, 2005. Wynn Resorts made its initial public offering on NASDAQ on October 25, 2002. Wynn hired investment banker Ronald Kramer as president and director in 2002 in order to help take the company public and oversee its expansion. Wynn, together with Universal subsidiary Aruze USA, controlled almost half the stock, making it harder for outside investors to exert control, as they had done at Mirage in response to Wynn's prolific spending. Wynn found an early partner in Japanese billionaire Kazuo Okada of Universal Entertainment Corporation. Wynn laid the foundation for his next venture that same year, buying the Desert Inn for $270 million. In 2000, Steve Wynn agreed to sell Mirage Resorts to MGM Grand, after having led Mirage and its predecessors since 1973. As of 2020, the company has developed six properties. It was founded in 2002 by former Mirage Resorts Chairman and CEO Steve Wynn, and is now run by CEO Craig Billings. Wynn Resorts, Limited is an American publicly traded corporation based in Paradise, Nevada, that is a developer and operator of high-end hotels and casinos.
