You are both wrong. Wynn didn't abandon Las Vegas. Most of his high rollers are from Asia so he franchised. That's smart business. He's still all in in Vegas but only because his China earnings are floating his US casinos and that's keeping people employed. I don't picture slave labor building or working high end casinos in China but I guess it's possible.
. On Wed, Jul 20, 2011 at 12:31 AM, Robert Munn <cfmuns...@gmail.com> wrote: > > Not globalize Las Vegas, abandon Las Vegas and take his investment capital > to Macau where he can indeed exploit all that Chinese slave labor without > fear of retribution from the Chinese government (as long as the money flows, > of course). I don't care about his character in this analysis; I'm trying to > dissect his thinking as an investor and employer. He's a gambler. Gruss is > right, Wynn is trying to figure out how much of his capital he can move > offshore without bringing down the wrath of his customers, and I would think > the unions as well. > > Public outcry is the only thing that is going to change people's behavior. > Does anyone else find it chilling that Apple's profits just doubled in the > period that people were jumping off the roofs of the buildings where their > products are made? They made $7.9 billion in profits on $10.2 billion in > gross revenues last quarter. That is not a typo, they are more or less > printing money. Would it kill them to make sure that everyone who works for > them or in their supply chain is well compensated and has the opportunity to > live a decent life? And yet our society has become so corrupted that people > actually cheer Apple on. Are we really that blind to the pain and suffering > of the rest of the world? > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:340621 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
