Wynn Resorts Shares Pop in Debut; CEO Credits Staff

Despite a struggling gaming industry, Wynn Resorts CEO Steve Wynn credited a hospitable staff for helping Wynn Macau's China-traded shares to close 7 percent higher Friday than their IPO price of $10.08 Hong Kong dollars.

"A gaming table's a gaming table," Wynn said. "At the end of the day we're in a hospitality business, and it's all about the experience that people have in the building."

Las Vegas' gaming business has taken a particularly hard hit in the downturn, and Wynn said he hopes the US government will become more conscious about assisting the hospitality and services industries.

Wynn's U.S.-traded shares closed 3 percent lower Friday.

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