Where else has Steve Wynn been granted a new license other than the Cash Cow, Macau?
Everyone else looked the other way at Steve Wynn's Follies and he can't understand why Massachusetts won't give him the same wink and nod. An amazing, aging buffoon!
Steve Wynn blasts commission’s ‘freshmen’ gaming regulators
Las Vegas billionaire Steve Wynn says he was “flabbergasted” by a report that flagged Caesars as unsuitable to hold a Massachusetts casino license — then he blasted the state gaming board as “freshmen” regulators unfairly scrutinizing gambling execs.
“We find ourselves being treated, in many respects, as if they are doing us a favor,” Wynn said in a conference call with investors yesterday.
“I am not real comfortable with that status ...
“If I was any other business and I was willing to spend the kind of money, create the kind of jobs that these states have requested, we would have the red carpet rolled out for us and the governor and everybody else would be delighted to talk to us,” Wynn said.
“But if you are in the gaming business there is sort of a crummy presumption that you might be unsavory and that burns me up, to tell you the truth.”
Wynn, who is seeking a license to build a $1.4 billion casino in Everett, is awaiting a ruling on whether his company will pass the intense scrutiny of the Massachusetts Gaming Commission.
He also criticized the state gaming board as “freshmen” with an “unbelievable preoccupation that maybe a gangster is going to get in.”
The gaming titan went on to say that one of his directors was pressed for proof of car ownership, while a member of his board who was married for 56 years was forced to provide the board a marriage license.
Asked about the criticism last night, state gaming board head Stephen Crosby said of Wynn:
“He’s an esteemed businessman and he’s entitled to his opinions.”
Wynn’s comments come after Bay State investigators found Caesars unsuitable because of several issues, including a business associate’s reputed ties to Russian crime rings and the company’s huge debt.
“In my 47 years of business in the gaming industry, this is probably one of the most challenging, complex situations ... that I have ever faced,” Wynn said of the Massachusetts licensing process.
“You sort of have to roll the dice.”
- See more at: http://bostonherald.com/news_opinion/local_coverage/2013/10/steve_wynn_blasts_commission_s_freshmen_gaming_regulators#sthash.RCiVLNcz.dpuf
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