Wynn to Revamp 'Le Reve' After Buying Show

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..."

2006-06-14