The Hong Kong Standard is quoting Steve Wynn as saying he will bring up in the next board meetings a plan to move his headquarters from Vegas to Macau. Macau already far surpasses Vegas in revenues. Wynn is world class talent, an American treasure. It is so sad to see USA hamiltonian policies drive our best and brightest out.
Wednesday, April 21, 2010
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I recently attended a meeting at the Wynn where Steve Wynn spoke. It was very entertaining as he went on and on about how China is the future. (He also stated he was learning Chinese as well) He also spoke about how much he hated government intervention in the US. A key point in his speech or rant was how important it was not to start a business with debt. According to him, if you look at the other major casinos you'll see they are all in debt, while he has cash on the books. He also stated he was clearly making more money in Macau then in the US.
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