Wynn Blasts China Officials as Macau Resort Debut Looms
- Casino mogul doesn't yet know how many tables he's allotted
- CEO's personal fortune shrinks by $1 billion as stock tumbles
Wynn Blasts Chinese Officials on Resort Concerns
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Wynn Resorts Ltd. Chairman and Chief Executive Officer Steve Wynn criticized Chinese bureaucrats who haven’t told him how many gaming tables he’ll get at his $4.1 billion resort scheduled to open in Macau on March 25.
The uncertainty is complicating decisions about hiring and training workers and could force Macau operators to terminate employees, Wynn said on a conference call Thursday with analysts after reporting third-quarter sales that missed analysts’ estimates.