When the Mirage Hotel and Casino opened its doors on November 22, 1989, it became the first of a long line of mega resorts to appear on the Las Vegas Strip. The Mirage is ideally situated in the center of the Strip on the site previously occupied by the Castaways Hotel and Casino. The creation of the Mirage was noteworthy because it precipitated two decades of unprecedented growth in spectacular new casino resorts in Las Vegas and elsewhere, some of which are much grander and fancier than the Mirage. But at the time, the Mirage, built at a cost of a then unheard of $620 million, was the most luxurious hotel in Las Vegas. It was also the first place to open in Las Vegas that qualified as a complete resort rather than just a casino and a place to sleep and eat.
In fact, when Steve Wynn first came up with the idea for the hotel, he gave a lot of thought to the name. He wanted it to be in keeping with his vision to create a resort not only unlike any other in existence, but one which logically didn't belong in the Las Vegas desert at all. That is why he chose to call his innovative casino resort the Mirage.