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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsCasino CEO Wynn says he’s afraid to build in Las Vegas because of Obama
Source: Las Vegas Sun
Wynn Resorts Ltd. CEO Steve Wynn says hed like to partner with some friends to develop another megaresort on the Las Vegas Strip, but he hasnt done so because of what he calls President Barack Obamas anti-business attitude.
In an interview with Las Vegas political journalist Jon Ralston on the Ralston Reports show this week, Wynn also expressed support for Mitt Romney while criticizing Democrats including Rep. Shelley Berkley and Sen. Harry Reid.
... Im afraid of the president. I have no idea what goofy idea, what crazy, anti-business program this administration will come up with, Wynn said. Every business guy I know in the country is frightened of Barack Obama and the way he thinks.
... Wynn said Romney knows how to use human resources when to hire, when to fire, when to invest, when to sell.
Read more: http://www.vegasinc.com/news/2012/oct/10/wynn-says-hes-afraid-build-las-vegas-because-obama
Politicalboi
(15,189 posts)He may lose some money in his tax returns.
Floyd_Gondolli
(1,277 posts)I think Vegas will survive without another mega casino. But thanks, Mr. Wynn.
JDPriestly
(57,936 posts)Can't stand gambling. It's a trap for the easily addicted.
People who earn their livings from other people's addictions are the lowest of the low. That goes for you, Mr. Wynn.
And the so-called Christian right supports the scum that profit from casinos. Makes no sense to me.
Raster
(20,998 posts)Lifelong Protester
(8,421 posts)My thoughts exactly.
Boo-f******-hoo, Mr. Wynn.
Blue_Tires
(55,445 posts)They suck a LOT of $$$$$$ out of the community with little or no re-investment back...
Although I know Vegas as a city is a different case because there's so much other stuff to draw people other than just gambling...
WilmywoodNCparalegal
(2,654 posts)for the casinos and resorts. I am one of them (not Wynn though). As an aside, for the past few years gaming revenue is actually down, but spending on hotels, conventions, restaurants and shows is up. Not everyone who comes to Vegas gambles.
Vegas is fun if you're a tourist or a resident (like I am) - outside of NYC, it's hard to find a place that has a bit of everything, and I love the weather.
hifiguy
(33,688 posts)I've covered it for magazines and now a website for 15 years. It's a fun place with great people-watching, great food of all kinds and a certain anthropological fascination about it. I always feel like Margaret Mead amongst the Pacific Islanders when I am there.
I gave gambled there once. I stuck a quarter in a slot machine at the airport and won 75 cents. Winner, winner, chicken dinner!
JDPriestly
(57,936 posts)Even in the airport, it's wall-to-wall gambling machines. Ugly, depressing. Completely negative culture of greed. That was my impression. Resorts, shows and good food are, I'm sure, great. Gut you could have all that without the gambling.
gollygee
(22,336 posts)It sounds like he's gone completely broke during these past four Obama years.
HughBeaumont
(24,461 posts). . . but for the lurkers . . . .
WYNN, since March 2009, is up 581.52%.
So that orange veneered mobstah can suck it.
dchill
(38,516 posts)Should a been a billion%!
Obama's making Stevie cry!
DisgustipatedinCA
(12,530 posts)I never knew Steve Wynn was having such a difficult time of things, poor lambkin.
HangOnKids
(4,291 posts)Thanks! And
DisgustipatedinCA
(12,530 posts)Retrograde
(10,145 posts)That aside - Go A's!
HangOnKids
(4,291 posts)Down to one game. Go A's and Giants!
DisgustipatedinCA
(12,530 posts).
Quantess
(27,630 posts)/sarcasm
CakeGrrl
(10,611 posts)Wonder if he'll sit on that venture after POTUS is re-elected? Nah, he'll find the 'courage' to go forward and part with a few more tax dollars.
Cha
(297,498 posts)Champagne!
AZ Progressive
(3,411 posts)It seems to me that Steve Wynn is saying this just because he wants to keep his tax cuts.
OldDem2012
(3,526 posts)AndyTiedye
(23,500 posts)quinnox
(20,600 posts)ever take a look at some of your casinos?
Ikonoklast
(23,973 posts)Wynn can sit out and watch someone else fill the need, he ain't the only player in that game.
Dumbass doesn't even believe one word out of hiis own mouth.
AZ Progressive
(3,411 posts)They already overbuilt during the last construction boom.
LeftinOH
(5,357 posts)Scootaloo
(25,699 posts)It's just pushing a meme; "Democrat = Anti-business"
jmowreader
(50,562 posts)ieoeja
(9,748 posts)And Americans fucking support them. I would expect this to piss off even the most staunch rightwing conservative.
Initech
(100,097 posts)DJ13
(23,671 posts)They always want more, any way they can get it.
PS- I meant no offense to real ho's.
spanone
(135,857 posts)fuck you. the republicans fucked up the economy, including las vegas, and you want to blame it on Obama....FAIL MOTHERFUCKER
randome
(34,845 posts)november3rd
(1,113 posts)So he explained to the country that since "job creators" didn't want to put people to work, the government was going to put people to work. He created all those great public works programs that vaulted our country out of the depression and into the forefront of the 20th century.
abumbyanyothername
(2,711 posts)I have my own ideas, but I want to hear yours. . . .
unblock
(52,286 posts)right-wingers/republicans have always described democrats as "anti-business" (though even that is ludicrous).
but really, "goofy" and "crazy" and "frightened"?
sadbear
(4,340 posts)bluestate10
(10,942 posts)are the reason why more liberals and moderates should start or buy up businesses. I know there is an anti-capitalism strain on DU, but the impact of not having progressive people with money to counter rightwing bastards is that we will always be at a disadvantage. Having money is not evil, doing wrong with or for money is evil.
leveymg
(36,418 posts)Please, guys, go back to shaking down local Sheriffs and councilmen, and get your noses out of national politics.
Hey, we're all legit businessmen, now!
BarackTheVote
(938 posts)I have no idea what goofy idea, what crazy, anti-American practices these executives will come up with,
See what I did there?
Great Caesars Ghost
(532 posts)to take dealers tips and give them to upper management!
City Lights
(25,171 posts)BlueJazz
(25,348 posts)...we don't get to fuck over everybody that comes in contact with us...plus we have the
pleasure of ramming a 2X4 up all their asses.
liberalmuse
(18,672 posts)Whatever will they do if President Obama is re-elected? What will they do if Romney doesn't win? Who will toss more millions and tax breaks at the 1%? What'll they do? What'll they DOOOOOooooo????
brush
(53,815 posts)Yeah, Wynn is crying all the way to the bank with his stock way, way up. And he doesn't care about Vegas anymore. Him and Adelson both couldn't give a sh it about Vegas now that they've put a lot of their money in their Asian properties. What the hell do they care about us here where they got their start and made all their money. Until they discovered Macau, that is, and used allegedly shady associates to get government go-aheads to build casinos over there within easy traveling distance of billions of people, not the mere millions here. He ll, Adelson is under investigation for that right now and is backing Romney who he expects will drop the investigation in exchange for all the millions he's plowed into Romney's campaign. Screw them both.
badhair77
(4,220 posts)and was going to sell it for $139 mil till he stuck his elbow thru it. Not a big deal . . .
He certainly belongs in Romney's league.
Viking12
(6,012 posts)abumbyanyothername
(2,711 posts)stop sending my wife "free room" vouchers every month, meaning that current capacity has filled up, we will see more rooms on the Vegas strip, whether Steve Whyne builds them or not.
Until then, Las Vegas, has to be one of the most over capacity housing units places on the planet.
mojo2012
(290 posts)Just never can have enough money...more, more....well if the middle class gets screwed under Romney/Ryan, no one will be coming to his casinos anyway. Unless he forgot who makes him his money. Maybe he can ask Adelson to donate to his cause. Two peas in a pod
brettdale
(12,383 posts)Garth Brooks plays at the Wynn and was schedule to do so until May 2014.
Last week he announced he is doing no more shows past November this year, he will finish with a schedule show in November he didnt give a reason why.
Garth is a big President Obama supporter, I wonder if that is why he has pulled out of the Wynn Contract, lately Steve Wynn has been bashing President Obama alot.
Sen. Walter Sobchak
(8,692 posts)Kristina A
(18 posts)sorta new here & don't have the time to post a lot, unfortunately ... but thanks for pointing this out. I live in Vegas and you're spot on.
I'm also originally from NC and in the article, I wasn't sure what to make of Wynn "mocking" the southern accent of Dina Titus (from GA). What an ass. Wynn imploded several historic casino's here in Vegas to build his resorts so hopefully in the future, while he's "scared" of the president & spending his days in Macau, someone will implode his and restore the ones that made Vegas a destination in the first place.
HughBeaumont
(24,461 posts)For all of his "I hate President Black DemoCommie because he doesn't kiss my pinky ring" bullshit, it's not like he's doing half bad.
Oh, and in Bewsh's second term, WYNN stock returned a paltry 30% in comparison.
I think all that spray-tan's doing something to your brain, you Wayne Newton wannabe!!!
JI7
(89,260 posts)concerning some business matters.
former9thward
(32,064 posts)Adelson's casino has been under investigation for possible bribes in China for about a year now. http://www.haaretz.com/news/world/report-adelson-under-criminal-investigation-for-alleged-bribery-of-foreign-officials-1.409869
arely staircase
(12,482 posts)I am sure there are other real estate developers in las vegas.
abumbyanyothername
(2,711 posts)Vegas suffering a glut of overcapacity.
arely staircase
(12,482 posts)hotels booked up? what does that mean? i haven't been there in a couple of years.
abumbyanyothername
(2,711 posts)No need for any more building. For perhaps as long as 50 years.
arely staircase
(12,482 posts)in a town that doesn't have one.
though it does sound like i ought to be able to get a good deal at the mgm grand.
Turbineguy
(37,361 posts)If you don't vote for Romney, the Job Creators will lay you off.
Shades of John Galt. Except for one tiny difference. Who are "The Looters"?
regnaD kciN
(26,045 posts)...by overbuilding over the past twenty years. Now, there's a glut, and hotels are no longer a sure thing financially. Don't blame Obama, Steve...try looking in a mirror.
Kristina A
(18 posts)Wynn spending time in Macau would be a good thing in the long run ...
L0oniX
(31,493 posts)If anything he or anyone should be afraid to invest there because it is the worst place in the US for the housing market ...thanks to Bush and his bankster buddies who tried to destroy the USA in order to fill their off shore bank accounts.
MineralMan
(146,324 posts)because he's screwed up every one he's built so far. Vegas has more casinos than business will support already. It has nothing to do with Obama. It has more to do with *Bush and his failed economic ideas.
Steve Wynn is a moron. A rich moron, but a moron nonetheless.
Aristus
(66,436 posts)One could imagine that even a marginally-talented businessman would know that corporations all across the country are pulling in record profits.
Yet, this hamhock seems to think that this is a bad climate in which to launch a business concern.
Like I said before:
Dipshit.
Dawson Leery
(19,348 posts)Regardless of the President, you will not be able to build any new casino as the market is already saturated.
LadyHawkAZ
(6,199 posts)Retrograde
(10,145 posts)Hasn't the market for casinos hit the saturation point by now? Who's keeping all of them - and not just the Vegas ones - in business?
nc4bo
(17,651 posts)Big fucking 2-year olds, this guy as well as the one who owns the time-shares and is threatening his employees that they'll lose their jobs if Obama wins.
Really.
WinkyDink
(51,311 posts)Callmecrazy
(3,065 posts)It sounds like a veiled threat that if you don't vote for Romney he won't build any more resorts.
As one of those people who built his resorts (I'm an electrician), I have to quote the line from the movie "Field of Dreams" - If you build it, they will come. There is still a lot of undeveloped land up and down Interstate 15 and the building will continue as long as there is enough water to supply the residents and tourists.
Lack of water is the only thing that will stop the growth in Las Vegas.
Just ignore him. He's always been a little "off" anyway.
BeyondGeography
(39,377 posts)City Center just about put MGM in bankruptcy, Cosmo is a flop and Wynn makes about 80 percent of his profit in Macau.
You won't see another major project in Vegas until the end of the decade, no matter who is President.
Fuck you, Steve.
DonCoquixote
(13,616 posts)However, the fact is, Wynn should know, like any casino owner, that your fortunes are built on the MIDDLE CLASS having DISPOSABLE INCOME. It's no accident that the Mafia had to steal from UNION funds to make them.
Then again, Wynn, like Addelson has been lured to Macau: the promise of billions of people,and a government that will gladly grind people into sausages because they know they need some little diversion to keep their masses from panicking and asking "Hey, I make Ipads, but have no chance in hell of affording one, much less my rent!" It also helps that said government has a centuries old tradation of bribes, even though Beijing is trying to cure that.
Keep in mind, Wynn was the guy who demolished old casinos tomake way for the ultra-rich playgrounds. He bought the art so that he wouldlure the "Whales", the ultra ultra rich for whom a Million dollars is an evening's dinner. However,there are two problems with catering to those folks: One,there is always some new playground ready to open for them, with more whistles. Imagine what will happen once they start making City-states that are under corporations? Second, those clientlele are NEVER happy, because a large part of their existence is seeking that one new jaded thrill that hides the fact they are empty inside. You could make a mountain of diamonds, and they will want platinum on top.
SoCalDem
(103,856 posts)It's already seriously OVERBUILT, with thousands of "extra" rooms to fill..and the suckers customers who used to go there all the time to unload their money, are now gambling at casinos closer to their homes, or are just not gambling much anymore.