Harrah’s Gary Loveman says spurning Macau worst decision he ever made

Peter Amsel
August 7, 2010
4 Comments

Harrahs-Gary-Loveman-MacauIt’s rare to see the chief executive of a major company admit any kind of wrongdoing, but when Harrah’s CEO Gary Loveman looks back at his 2006 decision to pass on bidding for a Macau gambling concession, he’s a big enough man to admit: “Big mistake. I was wrong, I was really wrong.” The lengthy article linked below contains a lot more interesting quotes, such as Loveman’s claim that Vegas casino execs aren’t “intellectually curious about anything” and why he’d prefer to have most of his casino clientele wearing adult diapers. Read more.

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Tags: Article, Gary Loveman, Harrah's, Macau
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  • http://topsy.com/calvinayre.com/2010/08/07/casino/harrahs-gary-loveman-worst-decision-ever/?utm_source=pingback&utm_campaign=L2 Tweets that mention Harrah’s Gary Loveman says spurning Macau worst decision he ever made — Topsy.com

    [...] This post was mentioned on Twitter by Calvin Ayre and Rosalind Wade, Rosalind Wade. Rosalind Wade said: RT @CalvinAyre: Harrah’s Gary Loveman says spurning Macau worst decision he ever made http://bit.ly/apAnOw [...]

  • http://CalvinAyre.com Calvin Ayre

    No shit Sherlock….Asia is the future.

    Here is my comments on this in a recent interview I did in a Penthouse in Vancouver. Asia and convergence is the game that going to separate the winners and losers long term.

    http://www.youtube.com/watch?v=klbgmDAPJAo

  • http://calvinayre.com/2011/04/27/business/caesars-ceo-call-black-friday-an-opportunity/ Caesars CEO Calls Black Friday ‘Opportunity’ | Online Poker News

    [...] also worth wondering whether anyone should heed gaming industry advice from the man who famously turned down the chance to have a presence in Macau. Did we mention Caesars’ $18b [...]

  • http://calvinayre.com/2011/08/05/casino/loveman-not-giving-the-dog-anything/ Interview with Loveman gives little away | Casino news

    [...] a man that has in the past had the balls to admit that spurning the chance to open a casino in Macau was the “worst decision he ever made” there’s a certain amount you expect from Caesar’s CEO [...]