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What Happens in Vegas—Is Heard on Wall Street

What is it about Vegas CEOs? Unlike most chief executives who spend big money on media training learning to say as little as possible, the men who run Wynn Resorts and Las Vegas Sands let you know EXACTLY how they feel.

Maybe it's all that desert heat. Maybe it's because Vegas doesn't believe in being buttoned down (or buttons, period). Maybe it's because when you're a self-made success who has more money than the winner of the World Series of Poker, you can afford to be blunt.

Welcome to Las Vegas Sign
AP
Welcome to Las Vegas Sign

Earlier this month, Steve Wynn said on his company's earnings call with Wall Street analysts that the Obama administration "is the greatest wet blanket to business, and progress and job creation in my lifetime."

Wynn, by the way, says he's a Democrat.

"It's Obama that's responsible for this fear in America...everybody's afraid of the government, and there's no need soft peddling it."

But wait! There's more!

This week, Las Vegas Sands Chairman and CEO Sheldon Adelson didn't gripe about the president, but about analysts.

On the call, he said, "We've got to adjust our budget because we have to send our towels...to people who get egg on their face for their wrong projections. We have got to send them out to almost every analyst on the street."

He then asked CFO Ken Kay, "Can we fit that in the budget?"

"We have money left over," Kay replied.

And just to prove Sheldon Adelson isn't like you and me, he told his CFO, "If you need change for a billion, give my wife a call."

Ok, maybe Vegas CEOs are like a lot of regular Joes after all: their wives hold the money.

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