Thursday, June 15, 2006

As reported by the Associated Press: "Wynn Las Vegas, casino mogul Steve
Wynn's flagship resort, will pay $15.9 million to buy the rights to its
headline show 'Le Reve' from creator Franco Dragone so he can add lights,
lasers and perhaps more performers. "The sum, revealed in a filing last week
by Wynn Resorts Ltd. to the Securities Exchange Commission, will pay for
'substantially all rights in and to the show and to repay certain
unreimbursed excess production costs,' the filing said. "The move came as
competition for entertainment dollars on the Las Vegas Strip has
intensified. "...Wynn and Dragone, who is Cirque du Soleil's former creative
director, were criticized when 'Le Reve,' an aquatic dance show, debuted in
May 2005 because it was markedly similar to other shows on the Strip..."