Steve Wynn conceived the resort through Mirage Resorts, which bought the former Dunes site in 1992. Jon Jerde's firm designed it, Atlandia Design did the interiors, and Marnell Corrao Associates built it. Wynn scrapped about ten months of French-themed design after visiting Bellagio on Lake Como, and chose an Italian village theme. Construction began on November 1, 1995, and it opened on October 15, 1998.
The original tower has 36 stories and 3,005 rooms, though it was planned at 49 stories. The Spa Tower, with 33 stories and 928 rooms, opened on December 23, 2004. The Fountains of Bellagio perform in an 8.5-acre lake, and water reaches up to 460 feet (140 m).
The free Conservatory is 13,500 square feet (1,250 m²). Dale Chihuly's Fiori di Como hangs in the lobby. The article gives the cost as $1.6 billion, while older headlines cite $1.1 billion.

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