If the president of the United States bad mouthed your business and your community, then how would you respond?
Perhaps like this.
Wynn said since the president made his remarks, a large corporation that didn’t receive taxpayer dollars pulled out of a $5 million convention at his resorts.
“It was a direct result of the comment made by the president,” Wynn said. “Whatever the president’s intentions were, it gives you an idea of how sensitive the public is.”
The president’s comments came after Wells Fargo & Co., which received a $25 billion federal bailout, canceled a conference at two high-end Las Vegas hotels in response to criticism from Congress after press reports of the company’s lavish trips.
After Obama’s comments, Goldman Sachs Group Inc. moved a three-day conference from Mandalay Bay to San Francisco, incurring a $600,000 cancellation penalty to skip town. Morgan Stanley, which has received $10 billion in bailout funds, canceled a trip for top employees to the Monte Carlo.
Wynn agreed that Congress needs to be critical of those spending federal bailout money but is afraid Obama’s remarks have characterized Las Vegas as a place of wasteful spending.
“We have hundreds of thousands of employees here, more than the auto industry. I hope that Uncle Sam recognizes that and that the rhetoric that is used is more considered in the future because it’s been demonstrated to us that it can have unintended consequences,” Wynn said.
Las Vegas is one of the most technologically advanced locations to hold meetings, and it’s a value compared to other cities, Wynn said.
Wynn said he’s created numerous jobs in the city with his Wynn Las Vegas and Encore resorts. He said the government can’t boast of the same accomplishment.
“I created 4,000 or 5,000 jobs here,” he said. “Does that make us a bad guy? How many new jobs did Uncle Sam create? Zero. “