Betting the House

With a gold mine to prtect, Wynn has led Vegas in a swing to the right–away from Clinton’s proposed gambing tax

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Steve Wynn: 54, Las Vegas, Nev. $54,000. Party: R

Steve Wynn was just another ambitious young casino executive, running the Golden Nugget in Las Vegas, when he hooked up with junk-bond king Michael Milken in the late 1970s. The financial community had avoided Vegas for decades because of its mafia ties, but Milken drove his firm, Drexel Burnham Lambert, right into the middle of it. Wynn and Milken shared a strong belief in family values: It was Wynn’s Mirage Resorts (financing: Milken) that pioneered the casino-as-family-vacation theme.

Other events in Wynn’s life are reminiscent of Martin Scorsese’s Casino. First, one of his vice presidents was discovered meeting with organized crime leaders in New York. (This didn’t keep Wynn from returning to the East Coast with a failed bid to build a huge casino in Bridgeport, Conn.) In the interval, Wynn’s daughter was kidnapped. After Wynn paid the $1.45 million ransom, she was returned.

President Clinton has promoted a 4 percent federal gambling tax and floated the idea for a federal commission to study the effects of gambling on society. For these reasons, the gambling community–traditionally supportive of Democrats–has swung to the right. Wynn led the charge, raising $500,000 last summer at a Dole fundraiser. And he has an entire state rolling the dice behind him: A study by New Hampshire Citizen Action shows that Nevada residents have donated $398,615 to the Dole campaign–roughly eight times more than New Hampshire, a state with about the same population and site of the first presidential primary.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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