After recently announcing plans to dedicate $1.5 million of his own money for cash games, Phil Hellmuth has made sure he’ll have a place to stay in Las Vegas.
The 17-time World Series of Poker bracelet winner has purchased a condo formerly owned by Elaine Wynn. Wynn was the co-founder of Mirage Resorts and Wynn Resorts with her ex-husband, casino impresario Steve Wynn.
Hellmuth bought the property from her estate for $2.8 million. The 61-year-old Poker Hall of Famer officially moved to Las Vegas in December.
“Vegas has been very, very good to me and I love it here,” he told the Las Vegas Review-Journal.
Relocating To Sin City
The four-bedroom, five-bathroom home offers the Hellmuth’s more than 4,000 square feet of space. The condo is in Park Towers, a high-rise development a few blocks east of the Strip near Flamingo Road.
The home offers panoramic views of the Strip and is a quick trip away to prime poker locations. It’s just a couple minutes away from the Horseshoe for the annual WSOP and Aria for the PokerGO Studio. The condo was on the market for 173 days before the sale was completed. Hellmuth paid about 5% below the asking price.
Karina Jett, a Las Vegas real estate agent and poker player with more than $500,000 in tournament winnings, brokered the deal.
“As a real estate agent, getting to work with an incredible client like Phil Hellmuth has been an absolute pleasure,” she told the Review-Journal. “This is my second transaction with Phil, and his outgoing personality, generosity, and genuine kindness make him wonderful to work with.”
Hellmuth In The News
Beyond the new digs, Helmuth has made plenty of other news in the poker world recently.
In November, the poker pro said WSOP bracelets have become meaningless because of the dilution of poker’s top prize with so many events awarding them.
In September, he announced that his son Nick was pursuing a career as a poker pro. The younger Hellmuth joined him in Reno as part of filming for Hellmuth’s Home Game episode as a substitute player.
The same month Hellmuth said he was willing to wager $500,000 on his cash game results. He also recently lost his cool on Mike Matusow on Hellmuth’s Home Game, with whom he started a sports betting podcast before the NFL season.
