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Best of Howard Stutz

Gaming Guru

Howard Stutz
 

Wynn slams Obama adminstration again

30 July 2010

LAS VEGAS, Nevada -- "Steve Wynn the Political Pundit" resurfaced Thursday.

During the Wynn Resorts Ltd. second quarter earnings conference call, company chairman Steve Wynn said he isn't thrilled with the current direction of the U.S. economy.

Wynn has been the gaming industry's most vocal critic of President Barack Obama and his administration's policies for much of the past year.

"The national economy and the political environment in the country as we head up to the elections (are) very, very touchy. And it is impacting all businesses," Wynn said during his opening remarks.

Wynn was critical of the financial reform bill signed into law by President Obama.

"There isn't one single person in the United States of America that has a clue of where the Financial Reform Act will lead and what it really means," Wynn said. "In spite of the fact that there are undoubtedly some good things in it, it has the potential of being a catastrophic interference with business, very much like the Healthcare Bill."

Wynn told investors and gaming analysts his personal philosophy.

"You can decide whether you want to be pessimistic or optimistic," Wynn said. "You can decide whether the glass is half full or half empty. I'm at the point where I hope we just don't tip the glass over."