ccording to Wynn, there are “profoundly real” cultural differences in business practices between both markets. “You come to China with your hat in your hand. They hire outside help when they need it in this country. In my case, they wanted to broaden Macau. Well, lucky you if you happen to have what they’re looking for, and they invite you and allow you to participate. I was fortunate enough to be identified as a person who could be useful.”
Wynn Resorts founder appears to have plenty of work to do in China – and no plans to retire He rebuffed the idea of stepping down as chief executive officer of Wynn any time soon. “I’m too young. I’m 69 and I got married [a few] weeks ago. I’m healthy and I’m going out with my boots on.”
Even so, he gave some hints about who could be his successor: “There are a score of young people who are very smart and very healthy, in Nevada and Macau. Incidentally, Linda Chen is on the board of the parent company. So if you ask me who could do it? A Chinese woman.”
Wynn did single out Linda Chen as being among a group of young, smart and healthy executives with the company. She’s president of Wynn International Marketing and is chief operating officer of Wynn Resorts Macau. Chen, who is in her mid 40s, is also a board member of both Wynn Macau and Las Vegas-based Wynn Resorts.
Wynn also said he flies to Macau at least every six weeks. Plans are progressing there for a second Wynn casino resort to be open by 2015.