As we mentioned a little while back, the New York Observer recently reported that casino mogul Steve Wynn's New York City apartment was up for sale. Now thanks to a post from the Real Estalker, we found out that the listing has gone live. Wynn's Fifth Avenue palace is a two-bedroom apartment that measures around 3,500 square feet.

Steve and Elaine Wynn are getting a divorce (actually it's their second divorce, they were first married in 1963 but divorced in 1986 and then remarried five years later). Their full-floor apartment was once a four bedroom home but the renovation trimmed the number of rooms and expanded the spaces with an eye toward the grand and bland. The main living area was once the living room, formal dining room and library and has views over Central Park. The master suite was created from three bedrooms and has his and hers bathrooms.

As the floor plan reveals the resulting layout is a bit odd. The master bedroom has been placed next to the living room to take advantage of the best views but this means that the two bathrooms are sequential rather than side by side. The kitchen is directly opposite the second master bathroom and the dining room has been shoved to the back of the apartment right in front of the laundry and utility areas. The home has been redone in shades that design books likely refer to as variations of honey, taupe, caramel and rattan but mostly it's just beige, elegant, but beige and with a hotel's anonymity. Particularly curious is the kitchen which seems to have matching granite floors and counters. The apartment is priced at an outrageous $25 million but it seems doubtful that the Wynns will get their price.

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Larry King, comedian? According to casino owner Steve Wynn, the host of CNN's Larry King Live is a very funny guy. Wynn dared King to take his act to the Vegas stage. He will perform for one night at Wynn's Theater on June 19 at 8 p.m. He will perform an act telling stories from some of his interviews and experiences. The performance will benefit his charity, the Larry King Cardiac Foundation, which provides funds for cardiac procedures for individuals who would be otherwise unable to receive necessary care. King's wife, Shawn, a country singer, will be the opening act. Tickets are on sale for $59, $69 and $79.

The king and queen of Las Vegas are divorcing. Billionaire Las Vegas casino magnate Steve Wynn and wife Elaine filed for divorce last week. Wynn is the charismatic chief executive of Wynn Resorts which is behind the luxurious Wynn and Encore hotels on the Las Vegas Strip. Elaine Wynn is a director on the company's board and was recently nominated for another three year term on the board.

This is a second divorce for the Wynns who were first married in 1963 but divorced in 1986 and then remarried five years later. Elaine Wynn has had an influential role in the organization especially in helping decide which stores would be in the Wynn Resorts' retail spaces. Rumor has it that Steve Wynn is involved with another woman, British socialite Andrea Danenza Hissom.

Steve and Elaine Wynn each own more than 24 million shares in Wynn Resorts. Those shares have slumped in the past few months but are still worth around $460 million. The divorce could be one of the costliest in the U.S. and a great deal depends on just how amicable it is. If Wynn needs to buy his wife out that could have a serious impact on a company that is already affected by the tourism slump in Las Vegas.

Steve Wynn has announced two restaurants for his Encore hotel in Las Vegas. The first, called Sinatra, will be an homage to Frank Sinatra. The Italian restaurant will be decorated with Sinatra memorabilia including Sinatra's Academy Award for best supporting actor in "From Here to Eternity," and his Grammy awards loaned from his family. Paul Anka is contributing the gold record he won for writing the English lyrics for "My Way," one of Sinatra's most famous songs. Wynn says the restaurant won't be a museum. His other restaurant announcement is called Switch, which will feature transformations during dinner including changing walls and ceilings and the staff switching clothes. The Wynn Encore opens December 22.

Steve Wynn is expanding his empire by creating the Encore Suites in Las Vegas. Encore Suites will offer 2,034 suites and will include resort suites which are 700 square feet and VIP suites, some of which measure more than most houses (up to 5,800 square feet). Encore Suites will also have five new signature restaurants, 11 retail outlets, seven bars and lounges, a nightclub and a spa and salon. There will also be an outdoor pool area and will have 60,000 square feet of event space. Wynn's Encore will open in December 2008.

As we mentioned earlier, Shadow Creek is the former home of Las Vegas mogul Steve Wynn. This home is located on the Shadow Creek golf course, positioned with a view of the 18th hole. The home has four bedrooms and everything is done on a grand scale including the kitchen which has marble countertops, a climate-controlled wine storeroom, a Sub-Zero refrigerator/freezer, and a large pantry overlooking the breakfast nook and butler's pantry. There is also a theater room, a library, a large patio with a fireplace and one lane lap pool with a underwater sound system. The private master bedroom has its own balcony, his and her baths with walk-in steam showers, Jacuzzi tubs and large custom closets. Outside there is an infinity pool. It is listed at $28 million. After the jump, the life of a Vegas kingpin.

That didn't take long, Steve Wynn is working on a new hotel, Encore at Wynn Las Vegas. The resort will be located adjacent to the Wynn on the north side of the property on the site of the old Desert Inn. Encore will be a full scale hotel that will be integrated with the Wynn. It will include new hotels rooms, meeting space, a casino, restaurants, nightclubs, a spa, retail outlets and swimming pools. Wynn's latest baby is scheduled for completion in December 2008.