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Casino Mogul Bets on Blindness Cure With $25M Gift

nbcphiladelphia.com,  Friday, August 9, 2013 at 2:59:03 PM

Casino mogul Steve Wynn will donate $25 million to the University of Iowa to accelerate the search for cures to rare eye diseases including the one that hampers his own vision, the school announced Thursday.

The donation, to be paid over five years, will support the Institute for Vision Research, will be renamed in honor of the billionaire chairman and CEO of Wynn Resorts Ltd. The institute is a leader in genetic testing for eye disease and seeks to develop gene and stem cell therapies that could restore vision.

Wynn, 71, has retinitis pigmentosa, a disease that affects one in 4,000 people and causes night blindness and weakness in peripheral vision. A fixture at Las Vegas galas, he's often seen leaning on an aide's arm at nighttime events.

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