Steve Wynn ‘Nobody Likes Being Around Poor People’

Steve Wynn ‘Nobody Likes Being Around Poor People’

7 april 2016

 

Steve Wynn ‘Nobody Likes Being Around Poor People’

Steve Wynn, the gregarious founder of Wynn Resorts who plans to build a $2 billion resort casino in Everett, may have just put his foot in his mouth.

The billionaire casino mogul told a group of investors on Wednesday night that “nobody likes being around poor people,” according to a CNBC report. The remark came as Wynn was reportedly describing the casino’s brand as a type of luxury or designer product — but one that is marketable to people in all socioeconomic classes.

“We’re sort of Chanel or Louis Vuitton,” Wynn said, according to CNBC. “But unlike Chanel and Louis Vuitton, we are able in our business to cater to all of the market. By making our standards so high . . . that everybody wants to be in the building.”

Wynn continued: “Or to put it in a more colloquial way, rich people only like being around rich people. Nobody likes being around poor people, especially poor people. So we try and make the place feel upscale for everyone.”

In March, Wynn unveiled a new design and name for the Everett project. Suffolk Construction landed a $1 billion deal to build the casino . However, Somerville’s appeal of the site’s environmental permit put the groundbreaking on hold indefinitely, leading Wynn to subsequently halt cleanup work on the parcel.

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The casino is now expected to open no earlier than late 2018, Wynn representatives previously said. Wynn Resorts did not immediately respond to a Globe request seeking comment.

 

Credit: Boston Globe

Photo Credit: JESSICA RINALDI/GLOBE STAFF

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