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Message: Billionaire Steve Wynn

Billionaire Steve Wynn

posted on Apr 21, 2010 09:59AM

http://www.businessweek.com/news/2010-04-20/wynn-says-obama-economy-damping-outlook-for-vegas-update1-.html

April 21 (Bloomberg) -- , on the eve of opening a second resort in Macau, said his home market of Las Vegas remains in a slump and isn’t suitable for expansion.

I don’t think the Las Vegas market at the moment beckons a large investment,” Wynn, chairman of Wynn Resorts Ltd., said in an interview televised today. “The economic outlook in the United States, the policies of this administration, which do not favor job formation, do not encourage investment at all.”

The governmental policies in the United States of America are a damper, a wet blanket,” Wynn said in Macau. “They retard investment, they retard job formation, they retard the creation of a better life for the citizens in spite of the rhetoric of the president.”

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