Steve Wynn and The Westside

Hello everyone. I know that this topic has been discussed before but I wanted to inject an anecdote I recently heard in regards to this. I manage a hotel in Los Angeles so I am privy to a lot of gossip about the hotel industry.

Anyway I was talking with a friend of mine who works for Wynn and has done so for the last 20 years. He said that he thinks the rumors started because it was alleged that back in the late 1980s to early 1990s Steve Wynn reached out to a couple Westside bigwigs because a few guys from NYC with alleged mob connections had gambled and owed a lot of money at some of his casinos. He was not looking for a hit man or for anyone to get beat up. He just wanted to find these guys and most likely have them served with papers.

This is just gossip on my part and I would love to they think there could be some truth to this story.

Wynn was born half assed connected. His father was not an "associate" but he knew the eastern CNY Buffalo crew and later so did Steve, and they know him. he has always been their Vegas connection, and by extension he has Genovese connections as well. It would not be hard for him to reach out at all, he is well connected.

Because as he listened to the Chicago mob's demand that he rein in Las Vegas gaming mogul Steve Wynn, Fat Tony seemed deaf not only to the Chicago messenger -- John 'Peanuts' Tronolone -- but also to the chance that an FBI microphone might pick up the conversation. As luck would have it, there was a live microphone, and it had been hidden there in Fat Tony's Palma Boys Social Club since at least the previous March. That mike has turned out to cast a very long shadow. Not only did the mike mean the end the 60-year criminal career of Anthony Salerno. Its output -- even today, a dozen years later -- still threatens the carefully tended public image of the putative Las Vegas sun king, Steve Wynn. The story behind the Chicago mob's concerns and why they went to Fat Tony can be found in Running Scared: The Life and Treacherous Times of Las Vegas Casino King Steve Wynn, a book researched and written by Las Vegas Review-Journal news columnist John L. Smith, and published last year by Barricade Books of New York. Though tightly documented, the book has been the subject of a massive campaign of attempted suppression by Wynn. [See accompanying story.]The meeting between Tronolone and Salerno at the Palma Boy Social Club, was, in part, a legacy of the earlier era, in the '70s, when the mob-dominated Teamsters Central States Pension Fund had helped Allan Glick buy the Stardust and Fremont casinos. After Allan Glick's connection to organized crime was exposed, Glick, in 1979, sold his holdings in the Stardust and Fremont to Allan D. Sach's Trans-Sterling Corporation, which federal investigators quickly surmised was little more than a mob-connected holding company for Glick's original mob sponsors. Trans-Sterling was put under the trusteeship of Victor Palmieri and Co., and in 1984, after federal indictments outlined a mob-skimming operation at the Stardust, Sachs, too -- as part of a settlement with the Nevada Gaming Commision -- agreed to sell out. The promissory notes held by Trans-Sterling for the Teamster-generated mortgages on the Stardust and Fremont hotels had a face value of $73.9 million, and Palmieri's initial attempts to find a buyer at that price failed. "Then, on Oct 15, 1985," writes Smith, "Palmieri contacted Irwin Molasky -- a man intimately familiar with the Teamsters pension fund -- who, in turn, reached out for Steve Wynn." Wynn, at this pre-Mirage time merely CEO of the downtown Las Vegas Golden Nugget casino, wanted at least a 20 percent profit, and over the next two weeks, his corporate vice-president, Clyde Turner, negotiated with Palmieri. By the end of October, a final draft of the deal had been cut. It allowed Wynn and company to pick up the notes -- which would reach their full $73.9 million face value in 1991 -- for a mere $58.6 million. As it would happen, just four months later, in February of 1985, the Boyd Group prepaid the face price of the notes, took over the Stardust and Fremont, and gave Wynn an immediate profit of $14.4 million on his investment. But three months earlier, in November of '84, when 'Peanuts' Tronolone came to see Salerno, what the Chicago mob had wanted was for Salerno to turn Wynn around. Wynn, they said, should let the sale of the notes go through at a lower price, with less immediate profit for the Golden Nugget. At the Palma Boy Social Club, the business office of Anthony Salerno, this was the conversation the FBI mike recorded about the pending sale of the notes to the Boyd Group:Tronolone: Jack Zero [Jack Cerone, of the Chicago crime family] told me, he said, 'You got to do this. No fucking telephones. Nothing. You gotta go and see this thing move right away. You gotta tell Salerno to tell Vince [Vincent Vinci] to get somebody to get Steve Wynn to stop. He's blocking the sale. He's blocking the sale. Salerno: What can I do with Steve? Tronolone: Humm? Salerno: Who am I going to get? Tronolone: Mel Harris. He's our guy. Mel Harris

Thanks for the feedback guys. I had heard about the meeting you posted about SG, but I had never read about it. Thank you kind sir.

A little off topic but it does have to do with steve wynn's hotel...My 76 year old mother just came back from vegas...She bought a ''rock'' in one of his hotels for $200....She said they had things in the show cases for $1.8 mill !!

I was just at her house and she got a card from Wynn's thanking her and if they can help her again to please contact them...

Typical con's, find an old lady and try to bleed her !!!