Las Vegas (AP) — Billionaire chief executive Steve Wynn has agreed to a contract extension with Wynn Resorts Ltd. that keeps him at the casino company until October 2020. The company disclosed the extension in a filing Monday with the Securities and Exchange Commission. The filing says Wynn and the company agreed to the extension on Thursday. Wynn is 66 years old; he would be 78 when the contract ends.

Steve Wynn is a man who not only makes the preposterous possible, but also profitable. The casino mogul and billionaire turned Las Vegas from a strip of gambling dens into a global attraction, helping to foster the Vegas ideal that it is a place consenting adults can see and do just about anything imaginable (plus, of course, gamble 24-hours a day).

Casino mogul Steve Wynn is laying out his plans for the golf course property at Wynn Las Vegas. Those plans call for a hotel/condominium project. By some estimates, it’s the most expensive property in Las Vegas. There are 57.4 hectares along the Las Vegas Strip. Wynn Las Vegas and Encore, which is set to open in December, sit on roughly 25.4 hectares of the property. Even though times are tough economically, Wynn is creating a vision for the property.

Steve Wynn said on Tuesday that Las Vegas casinos and hotels, including his Wynn Resorts Ltd properties, are affected by the soft U.S. economy but are also protected by an increase in European customers. The casino and hotel magnate is going through the sixth recession in his nearly four decades in the business, Wynn said at the Milken Institute Global Conference. „I think there is a recession and we’re certainly feeling a slowdown in Las Vegas,“ he said.

Steve Wynn is a man who not only makes the preposterous possible, but also profitable. The casino mogul and billionaire turned Las Vegas from a strip of gambling dens into a global attraction, helping to foster the Vegas ideal that it is a place consenting adults can see and do just about anything imaginable (plus, of course, gamble 24-hours a day).

„Winner Takes All: Steve Wynn, Kirk Kerkorian, Gary Loveman and the Race to Own Las Vegas“ by Christina Binkley: As a reporter for The Wall Street Journal who covered Las Vegas, Christina Binkley had an excellent perch as the city’s most powerful men triggered an epic wave of dealmaking. As the casino industry consolidated, Binkley chronicled Kirk Kerkorian’s takeover of Steve Wynn’s Mirage Resorts…