Steve Wynn eying Saratoga Springs and NY racing

April 9, 2007

For many years, online gambling enthusiasts have not been able to ignore the work of Steve Wynn. He has literally changed the face of Las Vegas – or at least is a leading reason why it is so elegant. If you have ever stepped foot inside the Bellagio, or his absolutely astounding Wynn Las Vegas casino resort, you know exactly what we are talking about.

Then there was the Picasso he ruined (wasn’t it worth about $40 million). Hey, he may have sweated that for a few, but all in all, that kind of money was not the end of the world for him. If only he could do for online gambling design what he has done for land based design.

He is the Trump of casinos (and possibly more if you ask us). Anyway, when you hear that he may be eying a New York racing deal, your ears perk up at the though of him doing for racetracks what he has dome for casinos.

In Saratoga, New York, a newspaper is reporting that Wynn has taken a keen interest in New York racing. In an unexpected last minute advance, casino mogul Steve Wynn is now partnering with Excelsior Racing Associates in an effort to win New York's racing charter.

Steve Wynn was a component of a group called Thoroughbred Racing New York that entered a late bid then cancelled stating that it did not have time to put in order its business plan sufficiently.

Excelsior Racing won a state impromptu committee's proposal in late 2006 as the company that would best serve as the operator to run 3 tracks - Saratoga Race Course, Belmont Park and Aqueduct. In recent times, George Steinbrenner's daughter Jennifer made a statement that she was divorcing Excelsior partner Steve Swindal and days later Steinbrenner said that he and the Yankees were pulling out of that company’s bid for the track deal. Oh the politics.

What’s more, Excelsior appeared to have all of a sudden fallen out of serious deliberation, but Wynn's extremely massive amount of holdings and cash could change all that.

As online gambling enthusiasts, we love drama and excitement. That last minute bet we thrown down always excites us; this racing deal seems to be the same concept. We will continue to watch this story and report any new and interesting developments for our online gambling news article readers out there.

Contemplating the possibilities of Steve Wynn’s to get involved in eth NY tracks is very compelling. If he were to get seriously involved in any major plans for upgrading the tracks, we just know it would be top notch.

Steve Wynn has long been an important part of the revamping of Las Vegas in the past decade or so. He has spread his wings into Macau, Asia’s tiny island of gambling that has in recent months claimed to surpass Las Vegas gambling casino earnings.

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