"Nobody likes being around poor people, especially poor people." Says casino ceo Steve Wynn [View all]
Casino owner Steve Wynn seems to have crapped out with some recent comments he made about the poor.
Wynn, the CEO of Wynn Resorts (WYNN), said during his company's investor day presentation late Wednesday that wealthy gamblers who come to his high-end casinos don't want the less fortunate hanging around with them.
"Rich people only like being around rich people," he said. "Nobody likes being around poor people, especially poor people." Wynn added that he was trying to make his company like a Chanel or Louis Vuitton of the gambling world.
Wynn Resorts was not immediately available for further comment about Steve Wynn's remarks.
But Wynn is notoriously outspoken and no stranger to controversy. A Democrat, Wynn told investors during a conference call in 2011 that the Obama administration is "the greatest wet blanket to business, progress and job creation" in his lifetime.
http://money.cnn.com/2016/04/08/investing/steve-wynn-rich-poor-macau-las-vegas-casinos/