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CASINO MAGNATE PLACES BET ON A RAGS-TO-RICHES SAGA

Casino magnate Steve Wynn usually wins when gamblers lose.

Now he stands to profit from the story, as well as the money, of an elderly man who parlayed $400 into $1.3 million during several days at Wynn's Treasure Island Hotel and Casino in Las Vegas - then lost a big chunk of it.Wynn, chairman of Mirage Resorts Inc., Treasure Island's parent company, reportedly signed a deal with the unidentified high-stakes player for the movie rights to his story.

The casino wouldn't identify the man, believed to be in his 80s. He was dubbed "Shoeless Joe" because he gambled one day in bare feet.

The mystery player did make some trips to the bank and may have set some money aside.