BUSINESS

Wynn not stepping down anytime soon

TAGs: Macau, Steve Wynn, Wynn Resorts

Steve Wynn not stepping downSteve Wynn has baulked at suggestions that he might be about to step down as chairman and CEO of the company bearing his name. Wynn was speaking in an interview with the Wall Street Journal where he again lauded the territory that gives his company the best chance of success right now.

Wynn Macau, the company that he heads, are thriving in a territory that Wynn proclaimed to be infinitely more thought provoking than Vegas. He commented, “In Macau there are more transactions at the high end, there are more complicated issues. It’s more orderly in Las Vegas but it’s more exciting in Macau.”

Did anyone tell ole Stevie that his nose has been looking a shade browner recently? Just an observation.

As for stepping down as the CEO, he told his detractors, “I’m too young. I’m 69 and I got married a few weeks ago. I’m healthy and I’m going out with my boots on.” Nothing like a new woman giving you a new lease of life! He’s most definitely #wynning.

When the time comes for Steve, he has already identified where his possible successor may appear.

“There are a score of young people who are very smart and very healthy, in Nevada and Macau. Incidentally, Linda Chen, chief operating officer of Wynn Macau, is on the board of the parent company. So if you ask me who could do it? A Chinese woman.”

This news comes after Wynn had recently announced that he would be rethinking expansion plans after the opening of the Galaxy Macau last week. His new facility is slated for 2015 and it’s likely that it will feature a lot more than just gaming facilities. That in itself will be music to the ears of Macau’s hierarchy.

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