On an earnings conference call this week, as Wynn Resorts saw revenue and profits drop once again because of a corruption crackdown in Macau, Wynn reiterated he remains bullish on China in the long term. However, in the short term, he's furious. "None of us are really clear on what our environment is going to be like going forward," he told analysts, "and it makes planning and adjusting almost a mystical process."
Wynn is preparing to open a $4 billion property in Macau next spring, and he still doesn't know how many gaming tables the government will allow him to have. He's also very critical of the cap on the number of tables. "If you wanted to undermine and scuttle the viability of that industry, you put in table caps," he said. "You could tell I am a tremendous critic of that decision, because I don't understand it in terms of anything in my 45 years of experience that explains it."