Stephen Wynn on casino industry legitimacy
From Steve Wynn at The Golden Nugget interviewed by West57 - TheLasVegasBook · · The Las Vegas Book
“This is a legitimate business in America. The men who are running it are fellas who are very comfortable going to lunch with chairman of the board of automobile manufacturing companies or major banking chairmans. That first group that built and pioneered this place they did not have access to the kind of men they didn't they weren't part of a fraternity of businessmen also a lot of them were gangsters.”
On , Stephen Wynn, Former Chairman & Chief Executive Officer at Wynn Resorts, spoke about casino industry legitimacy during Steve Wynn at The Golden Nugget interviewed by West57 - TheLasVegasBook on The Las Vegas Book.
About Stephen Wynn
Steve Wynn, the former chairman and CEO of Wynn Resorts, has spoken extensively about his creative process in developing Las Vegas resorts, emphasizing that a strong idea must precede any physical construction. In a 2005 Milken Institute talk, he described how he and his team spent 30 months working six days a week on the design of a new hotel, stating that "first an idea and then a building" is essential for any institution with lasting vitality. He also discussed the importance of execution, noting that while ideas can be perfect, "execution is another story" where compromise sets in. Wynn has been outspoken on political and economic issues. In 2016, he described himself as a registered Democrat who has supported both parties, and said he would "tend to vote based upon the Supreme Court possibilities." He criticized the Obama administration's regulatory approach, stating in a 2011 earnings call that "the Democratic agenda of spend and bribed the public, has bankrupt this country." He also expressed concern about the impact of national politics on business, saying in a 2016 interview that he could not predict future health care costs or regulatory burdens, which he said prevented him from committing to new projects.