In 1987, entrepreneur Steve Wynn purchased the Castaways Hotel and Casino from the Howard Tools Company and was quickly demolished later that year.Ĭonstruction of the Mirage's hotel tower.Īfter demolishing the hotel, Wynn announced that he would be building a massive Polynesian-themed resort and casino known as the Golden Nugget, named after the Golden Nugget Hotel and Casino Steve Wynn owned on Downtown Fremont Street at the time.
In 1967, Howard Hughes bought the hotel for $3 million as part of a buying spree on many Las Vegas properties. In 1962, the hotel became the Polynesian-themed Castaways Hotel and Casino. It was later replaced with the Sans Souci Hotel 1950s. First occupying the Mirage was a tiny motel that went from the 1930s to the 1950s.
