Paradise Park would be located on a nearly 130-acre golf course property owned by the company and adjacent to Wynn's existing casino resort in the famed gambling city.
The casino mogul said Tuesday the park will feature a "20-odd acre lagoon in the middle of it and then we would build our meeting space, leave room for our new tower that could be a couple of thousand rooms."
The aim is to appeal not just to the lucrative convention market but to families by offering a Disney-like park attraction off the Las Vegas Strip. Last year, the CEO indicated the waterfront would feature cabanas, new restaurants and the lagoon would have "a great show like they have at Disneyland only bigger."