It was revealed on October 23, 2001, that the new resort would be named the 'Le Reve', and was going to be a mix between a French and Asian-themed resort that would include four resorts in one built around a public plaza that included cafes, shopping, and bistros. In 2002, Steve Wynn announced that a new resort and casino would be replacing the previously occupying Desert Inn Hotel and Casino, which closed on Augafter Steve Wynn bought it on the same year.