With a 38-acre, .3 billon water park plan in the works, Wynn Resorts announced it is partnering with Miami-based Crystal Lagoons to make it happen.
The plan is to convert the current golf course at Wynn Resorts into the largest Crystal Lagoon in the United States, called Paradise Park, and surround the water with a mile of white sand beach. The lagoon would serve as a focal point for the new development, which would include a 1,000-room hotel tower and a 260,000-square-foot exhibition space.
The lagoon would convert the 130-acre golf course into an outdoor aquatic paradise, where hotel guests can lounge free of charge and paying guests can enter for a fee and enjoy sailing, wind-surfing, paddle-boarding, and swimming just a short walk from the Las Vegas Strip.
The idea is to create something completely new and unique, while also making better use of the aging golf course. Most of Wynn Resorts revenues in Las Vegas come from non-gaming sources and clubs, and adding the water park would complement those non-gaming revenues.
The park also would help to diversify Wynn Resorts’ holdings, which largely are dependent upon Macau operations, while also creating more events-oriented revenues by converting the golf course into a large entertainment and events area, with lodging, retail, and dining.
The Wynn Resorts board of directors has not approved the project yet, but with new partners teaming up, board approval is becoming more likely.
