The University of Iowa received a major gift Thursday.
The head of some of the biggest casinos in Las Vegas is gambling on the school to find new ways to restore lost vision.
Las Vegas billionaire Steve Wynn is giving $25-million to the school. The money will go to the school’s Institute for Vision Research.
Wynn suffers from a disorder that’s robbed him of his peripheral vision. He hopes his gift will help change the lives for others who suffer from vision disorders similar to his.
The head of Wynn’s charitable organization says its money well spent.
“What better gift can you give somebody? What better way you can spend your money than to try and help these people? I can’t think of one,” Steve Dezii said.
The vision institute will be renamed in Wynn’s honor in appreciation of his donation.
It comes on the same day the leaders of Iowa’s two biggest universities get raises.
The Board of Regents approved a four-percent salary increase for University Of Iowa president Sally Mason and Iowa State president Steven Leath.