Tuesday, November 2, 2010

On the Call: Wynn Resorts CEO Steve Wynn

Online Casino Gambling
Casino company Wynn Resorts Ltd. recorded a loss for its third quarter Tuesday, including the cost of rolling over debt, but it also reported a 23 % increase in revenue in a statement one analyst called "a happy release."

Billionaire CEO Steve Wynn focused in a conference call with investors afterward on the company's plans for expansion in Asia, which produced that revenue jump, and on his frequent claim that the Obama administration has frightened U.S. consumers and business owners.

Wynn said struggling Las Vegas has "seen the bottom" and praised one analyst for asking about what might help things improve in Las Vegas.

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