Steve Wynn announces plans to build a new hotel

LAS VEGAS - Las Vegas casino mogul Steve Wynn is planning to build a new hotel on the Las Vegas Strip.

He wants to build the 2,000 room hotel on property his company bought across the Las Vegas Strip from his Wynn and Encore resorts. It's the former site of the Frontier Hotel.

Wynn told investors on Monday that Wynn West would be built for $336 million and he expects to have drawings of the development in the coming months.

The property would include the existing casino-hotels and a planned lake and hotel development that Wynn calls Paradise Park.

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