Wynn 3Q16 Earnings Call Notes

Wynn Resorts, Limited’s (WYNN) CEO Steve Wynn on Q3 2016 Results

The Beijing government will support employment in Macau

“Well, the central government always supports the financial health, the employment security, and the welfare of the citizens in the special administrative region, and they repeat that, whether it is the Premier or Xi Jinping himself. My visits to Beijing only reinforce that with the people that I have had the privilege of discussing China with. I go there on occasion to broaden my perspective on China because, after all, Macau is part of it.”

Government will always act to protect the job security of the people

“In my conversations with the top level of the Macau government, they definitely want to protect the job security of the people that are engaged, the Macau citizens and everybody else, that are engaged in working at these places. There is a strong preference for protecting the employee base of the industry. When issues that affect them, meaning the employees and the local employees in particular, come up, the government is particularly responsive and on point. When we get to more subtle things that have to do, for example, with smoking, then the matter — the speed of decision slows down.”