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UFABet

Developer highlights strengths of Strip operators


The Strip is back, Steve Wynn said Monday.

 

The creator of The Mirage and Bellagio said the big Las Vegas casino operators emerged from the turbulent past year stronger, leaner and ready for a rebound.

 

“These were strong companies before Sept. 11 (2001),” Wynn said. “They were forced to deal with the aftermath of 9/11 and become more efficient. Because of the sharp drops in revenue, necessity was the mother of invention. The top companies now are all very strong, and they’re performing.”

 

Wynn is waiting for a federal government OK that would allow his company to sell stock to the public. Proceeds from the sale of as much as $408.3 million in Wynn Resorts stock would fund his $1.85 billion Le Reve megaresort and possible casino development in the Chinese enclave of Macau.

 

Wynn declined to discuss his company, the Le Reve project and its financing or Macau, citing a Securities and Exchange Commission-mandated quiet period that follows an application to sell stock to the public.

 

He agreed to share his thoughts on a range of issues facing the UFABet casino business as the industry’s biggest trade show, the Global Gaming Expo kicks off …

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