Hope and change.
Wynn considers moving company headquarters to Macau - News - ReviewJournal.com
By HOWARD STUTZ
LAS VEGAS REVIEW-JOURNALWynn Resorts Chairman Steve Wynn told cable business network CNBC he was considering moving the company's corporate headquarters from Las Vegas to Macau.
Wynn is in Macau for today's opening of the $600 million Encore at Wynn Macau, a 414-room, all-suite expansion to Wynn Macau, the company's Chinese casino.
Wynn granted a series of media interviews in Macau as a run-up to Encore's opening. He didn't provide any details on the possible headquarters shift, saying only that he is considering the idea.
In a subsequent interview with Bloomberg News, Wynn was critical of the economic policies of President Barack Obama.
"The governmental policies in the United States of America are a damper, a wet blanket," Wynn said in a separate interview aired today on Bloomberg Television. "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."
Wynn said he was concentrating his efforts on Macau and would skip potential opportunities in Las Vegas.
"I don't think the Las Vegas market at the moment beckons a large investment," Wynn said. "The economic outlook in the United States, the policies of this administration, which do not favor job formation, do not encourage investment at all."
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