tag:blogger.com,1999:blog-14963913.post5211418379605571268..comments2023-10-27T20:27:57.900-04:00Comments on Kid Dynamite's World: WYNN Q1 2010 Conference Call TidbitsKid Dynamitehttp://www.blogger.com/profile/17475987512856310577noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-14963913.post-77356015812999479252010-05-01T16:56:23.299-04:002010-05-01T16:56:23.299-04:00scharfy - that sounds like a good (bearish) data p...scharfy - that sounds like a good (bearish) data point for the "State of the economy anecdotes" post!<br /><br />Mark - thanks for the input. I think pooling tips, in general, is pretty silly... by the way, i certainly didn't mean to imply that SWynn is a saint - and i know VegasRex thinks ill of him - but i do think Wynn is a hell of a CEO.<br /><br />also, Mark - what's the inside story from Vegas? I'm very bearish on Vegas - i think they killed themselves building oversupply even for bubble levels - and know they are oversupplied for recession levels, which will be brutal for the highly levered players like MGM...(and of course, the private equity guys who are choking on Harrahs)Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-71454066342256517982010-05-01T16:14:15.111-04:002010-05-01T16:14:15.111-04:00Kid, here is a story on the tip policy: http://www...Kid, here is a story on the tip policy: http://www.lasvegassun.com/news/2009/jul/13/wynn-dealers-persist-fight-topple-tip-sharing-poli/<br /><br />I live here and I patronize the local casinos. I have a lot of friends that work in the industry. They work very hard and they do not make a lot. I certainly do not mind tipping for good service but I sort of resent being expected to tip because the person serving me needs it just to make a living.<br /><br />One of your blog recommendations is VegasRex. He makes that point much better than I do.<br /><br />All of this is not to say that Steve Wynn is bad, or that he is not a great businessman; he is indeed. I certainly admire the way he steers clear of massive debt to fund his companies and I also admire his candor; he is always available to talk.<br /><br />Like all of us, he ain't perfect.Markhttps://www.blogger.com/profile/03572148982033990206noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-68591968587338351172010-05-01T15:43:26.856-04:002010-05-01T15:43:26.856-04:00I'll say this about Vegas - some of the Vegas...I'll say this about Vegas - some of the Vegas casino hosts from a previous misguided life have begun to solicit me via direct calls again. This began about a year ago after a 3 year layoff from heavy Vegas trips.<br /><br /><br />They have dug deep into their rolodex to reconnect with the idiot formerly known as "Scharfy"scharfyhttps://www.blogger.com/profile/18309882331114382248noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-88907617865693352412010-05-01T14:29:07.885-04:002010-05-01T14:29:07.885-04:00mark - if you have a story you'd like to share...mark - if you have a story you'd like to share, please share it...<br /><br />related: Steve Wynn actually talked in the conference call about paying his workers in Asia much better than the competition does...Kid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-31118181260543379552010-05-01T14:15:40.869-04:002010-05-01T14:15:40.869-04:00Ok, yeah Mr. Wynn is a business genius for sure. ...Ok, yeah Mr. Wynn is a business genius for sure. And part of that "genius" is screwing his own employees to the wall. Stealing his own dealers tips? Paying the help as little as possible? Pretty greedy dude. No wonder Wall Street loves him.Markhttps://www.blogger.com/profile/03572148982033990206noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-25299363194496113612010-05-01T07:56:53.226-04:002010-05-01T07:56:53.226-04:00mark - the easiest way to reach me is via comments...mark - the easiest way to reach me is via comments on the blog. i do have a blog email: kiddynamiteblog at yahoo, but i don't check it every dayKid Dynamitehttps://www.blogger.com/profile/17475987512856310577noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-67721681614880058632010-05-01T02:07:37.538-04:002010-05-01T02:07:37.538-04:00Kid, do you have an email address?Kid, do you have an email address?Markhttps://www.blogger.com/profile/03572148982033990206noreply@blogger.comtag:blogger.com,1999:blog-14963913.post-56126904760626367422010-04-30T14:17:01.797-04:002010-04-30T14:17:01.797-04:00the government is borrowing trillions and its doin...the government is borrowing trillions and its doing nothing to stimulate the real economy. Amazing.Jameshttps://www.blogger.com/profile/12183085827525696523noreply@blogger.com