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Did Casino Magnate Steve Wynn Drop $47.5M on This Beverly Hills Mansion?

Steve Wynn, famed for his fancy casinos, is also pretty famous for being "Real Esate Fickle"—like how he almost bought but ultimately backed away from the one-time Kenny Rogers estate Liongate—but he may have just sealed the deal (off-market, of course) on a Beverly Hills spread owned by Guess? co-founder Maurice Marciano. Variety reports that Wynn's newly acquired, super-private estate is a three-story "European villa" that measures 19,299 square feet, has eight bedrooms, and 13 bathrooms.

The gated property, which sits at the end of a private road, has motor courts in front and back, a long driveway, a pool and cabana, and is pretty much surrounded by large trees and bushes for even more privacy. Marciano bought the 2.69-acre parcel in 1989, paying $2.825 million, and then proceeded to built the current estate on the property. Variety says that the sale was rumored to be for around $47.5 million, but TMZ hears that it was more like $50 million, and that the transaction was all in cash.
· Your Mama Hears: Steve Wynn Buys Again [Variety]
· Steve Wynn – I'm a High Roller In Beverly Hills Now [TMZ]