This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Casino Owner's $2 Million Gift Surprises Las Vegas

But to the families who received the $500 gift cards, this was anything but the norm. One woman collapsed to the ground upon receiving her gift card. Without it, she wouldn't have been able to make her rent. Children jumped up and down, certain the funds meant they would receive long delayed Christmas gifts. Some were advised to use the money toward a bus pass, so they could start their job hunts.

Two days after she received the gift card, Shinoa Owens had already spent most of it on car insurance and a cellphone bill. Owens, 21, lives with her 2-year-old daughter. She works about 28 hours a week at two separate retail jobs and aspires to work in an office as an assistant or secretary.

"That was really nice of him," Owens said of Wynn. "I don't care how much he spent elsewhere. I am glad he shared some of it with me. Even if it was just $25. I am not a greedy grubber."

Streets lined with foreclosed homes, an obliterated construction industry and massive unemployment are just some of the problems Nevada faces. Once the fastest growing state in the nation, Nevada was wounded when the economy collapsed and sent thousands to the unemployment lines. Las Vegas' unemployment rate was 11.6 in April, and one in every 285 homes is in foreclosure.

"You go for interviews and they just never call you back," said Judy Hirsch, 58, of Las Vegas, who became unemployed for the first time in October, when she lost her job as an administrative assistant. A $500 donation would help pay the bills, she said.

With Nevada's decline, casino kings have helped Las Vegas limp forward. They stroke checks at charity balls and give unknown sums in private.

"It's very common," said Jan Jones, a former Las Vegas mayor and a spokeswoman for Caesars Entertainment Corp. "They are prolific givers."

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.21 -0.44%
FB $117.80 -0.22%
GOOG $701.26 0.80%
TSLA $211.34 -5.00%
YHOO $36.94 2.61%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs