WYNN'S A LOSER - China

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"Macau casinos appeared to be just shifting revenue from one place to another instead of creating a new supply of gamblers"

"It wiped out about $405 million in market value from the founder's personal holdings in the casino group."

http://www.nypost.com/seven/10042007...ns_a_loser.htm

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Just two weeks ago, Wynn's stake hit a record value of $3.4 billion, doubling in just one year due largely to his huge new Wynn Macau in China's territory. Macau has surpassed Las Vegas as the world's biggest gaming capital.



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Oh no! Now he's only up 1.3 billion for the year!


What a loser.