Looking Up - Don't succumb to panic
The Yankelovich Economic Edge POV J. Walker Smith
Thank you, Steve Wynn.
Even with economic worries sweeping through Las Vegas, Wynn is pushing ahead with plans to unveil his latest resort in December—the $2.3 billion, lavishly appointed Encore. Certainly, Wynn knows the economy is tough, but “compromising” now, he says, would be “viral,” a contagion of panic that would only make things worse.
Wynn is refusing to let panic over the economy force him into shortsighted, reactive moves that would deepen any gloom or timidity among his investors and customers. As he...