Steve Wynn Lowers Asking Price for His NYC Penthouse After Extended Wait

Billionaire Steve Wynn, a prominent figure in the casino industry, has faced challenges selling his high-end penthouse in New York City. After nearly two years on the market without a buyer, Wynn has decided to cut the original asking price by $20 million in an effort to attract potential buyers.

Details of the Priciest Property on the Market

Initially listed for $90 million, Wynn’s luxurious duplex is located at 50 Central Park South, occupying the 30th and 31st floors of the building. Covering 10,875 square feet, this spacious property is known as the priciest residence currently for sale in the United States, according to Realtor. Despite the recent price drop, the penthouse still holds its position as the most expensive home on the market, ahead of other high-end properties such as a Malibu beach retreat listed for $65.5 million and a Balboa Peninsula estate priced at $58 million.

The penthouse was designed by Emery Roth and boasts a stunning view of Central Park and the Manhattan skyline. It features a massive 44-foot-long living room overlooking Central Park, a grand terrace, and a host of other impressive amenities. The property includes three bedrooms, a library, a media room, a fitness center, a massage room, a dining room with a western-facing terrace, and a breakfast room that opens to a northern terrace.

Price Reduction After Prolonged Lack of Interest

Despite its prime location and luxurious offerings, the residence remained unsold for two years. This prompted Wynn to slash the asking price to $70 million. However, even with this significant reduction, the penthouse remains unmatched in terms of price among active listings. Market experts believe that finding a buyer for such a high-value property requires patience, given the exclusivity and niche appeal of ultra-luxury real estate.

About Wynn Resorts

Wynn Resorts is a hospitality and gaming company that operates luxury hotels and casinos in multiple locations, including Las Vegas and Macau. Established in 2002 by Steve Wynn, the company is known for its focus on providing high-end accommodations, dining, and entertainment. Its properties feature a combination of gaming areas, restaurants, retail outlets, and nightlife venues. Wynn Resorts positions itself within the premium segment of the hospitality industry, catering to guests seeking upscale experiences.

The company has also taken steps to incorporate sustainability into its operations, employing energy-efficient technologies and eco-friendly practices at its properties. Wynn Resorts has received several industry recognitions, such as awards from Forbes Travel Guide. The company continues to expand its presence in the global luxury market while emphasizing service and amenities that align with its brand

Wynn’s Legal Troubles in Recent Years

Wynn has also been in the news recently due to legal issues. The businessman and other Wynn Resorts executives reached a $70 million settlement in Nevada federal court. This agreement was the result of a lawsuit involving allegations of sexual misconduct that were reportedly hidden from shareholders between 2016 and 2018.

Wynn Resorts has faced similar legal battles, including a settlement agreement last month with nine anonymous women who accused the company of sexual harassment in 2019. The settlements have been costly and time-consuming for the company, which continues to deal with the fallout of past misconduct allegations.

We also recently reported that a Canadian company, James Bay Resources, has initiated a lawsuit against Wynn Resorts, alleging that the casino operator did not meet its due diligence obligations. The lawsuit asserts that Wynn allowed an individual with a history of fraud to gamble millions of dollars, which were reportedly misappropriated. James Bay Resources is pursuing damages, holding the casino accountable for not adequately verifying the source of the funds.

The plaintiff contends that Wynn Resorts’ lack of proper background checks on the gambler, Bunevacz, may constitute a breach of U.S. banking laws and local gaming regulations. According to the company, a more thorough investigation could have revealed Bunevacz’s criminal history and raised concerns about the origin of the money. This, they argue, might have prevented the use of potentially stolen funds for high-stakes gambling at the casino.

Dismissal of DOJ Lawsuit Against Wynn

In a separate legal case, the US Department of Justice had previously filed a lawsuit against Steve Wynn, seeking to register him as a foreign agent. The accusations stemmed from claims that Wynn lobbied then-President Donald Trump in 2017 to extradite Chinese billionaire Guo Wengui, a vocal critic of the Chinese government. However, this lawsuit was dismissed by a federal appeals court, relieving Wynn of any potential repercussions from this particular matter.

Meanwhile, Wynn has also had to manage other legal disputes, such as a defamation lawsuit he filed against the Associated Press (AP). This case was dismissed by the court in early September, marking the end of yet another legal battle for the businessman.

The Road Ahead for Wynn’s Penthouse Sale

With the penthouse still on the market, Wynn’s price adjustment could signal his willingness to negotiate further to close the sale. For ultra-high-end properties like Wynn’s, finding the right buyer can be a lengthy process. Potential buyers are typically individuals or entities seeking a unique blend of exclusivity, luxury, and investment value, making the sale a complex endeavor. Whether this recent price drop will attract the right buyer remains to be seen, but for now, Wynn’s stunning Central Park property continues to wait for a new owner.

CoinPoker: A Crypto-Centric Poker Platform for Enthusiasts

For poker lovers keen on exploring the merging worlds of digital currencies and online gaming, CoinPoker delivers an innovative solution that breaks away from traditional poker platforms. Unlike conventional poker sites, CoinPoker leverages blockchain technology to create a secure, private, and decentralized gaming environment. While it caters mainly to poker and sports betting fans, its distinctive feature is its deep integration with cryptocurrencies. Let’s take a closer look at what makes CoinPoker stand out and whether it’s an ideal option for dedicated poker players.

A New Era of Poker Through Blockchain

Launched in 2017, CoinPoker aims to revolutionize the online poker scene by making blockchain the core of its operations. The platform initially offered free-to-play games, but by 2018, it expanded to include real-money games, allowing players to use various cryptocurrencies for wagering. CoinPoker’s native token, CHP (Chip), plays a crucial role in the ecosystem, acting as a reward mechanism and boosting player involvement.

Besides CHP, CoinPoker supports widely recognized cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), all functioning on the Ethereum network. This integration ensures a level of transparency and security uncommon in traditional poker environments while reinforcing a decentralized framework.

One of CoinPoker’s unique selling points is its sophisticated Random Number Generator (RNG) technology, which guarantees that every hand dealt is fair and free from manipulation. This RNG system preserves the integrity of gameplay, ensuring players can trust the platform. CoinPoker further enhances user privacy by allowing players to engage in games without sharing personal information, thanks to its secure crypto-based transactions.

Supported by Poker Professionals

CoinPoker has gained credibility in the poker community through endorsements from top poker personalities. Well-known supporters include Mario Mosböck, a former Austrian footballer turned professional poker player, and Patrick Leonard, a respected British poker pro. Their backing has elevated CoinPoker’s reputation and appeal among serious poker enthusiasts.

A commitment to transparency is at the heart of CoinPoker’s operations. Licensed by Curaçao eGaming, the platform uses a Proof of Reserves (PoR) system to demonstrate that all player deposits are fully backed. Currently, CoinPoker holds around $16 million in player deposits, with reserves close to $16.75 million, reflecting a solid financial foundation that reassures users about the safety of their funds.

Rapid Crypto Transactions and Secure Gaming

One of CoinPoker’s major strengths is its use of cryptocurrencies to facilitate quick and efficient transactions. Unlike conventional poker sites, which often have long withdrawal times, CoinPoker’s blockchain structure enables near-instant deposits and withdrawals. This swift transaction process, coupled with the privacy inherent in crypto-based payments, minimizes hassles for players.

The platform also emphasizes responsible gaming by providing self-exclusion options for players needing a break, ensuring a balanced and safe environment. Additionally, its robust anti-fraud measures create a secure platform, making CoinPoker a reliable choice for those seeking a trustworthy gaming experience.

While the platform’s game selection might not be as diverse as that of larger sites, it compensates with its emphasis on fairness, security, and seamless cryptocurrency integration. For players who value privacy and decentralized online gaming, these attributes make CoinPoker an attractive option.

Should You Choose CoinPoker?

With its rapid transaction speeds, endorsements from top poker professionals, and focus on a decentralized, transparent gaming experience, CoinPoker provides a unique opportunity for those who appreciate the combination of poker and digital currencies. If you’re looking for a secure, blockchain-powered poker platform, CoinPoker is worth a try. Explore the world of decentralized poker and see what this cutting-edge platform has to offer.