Steve Wynn, Casino Magnate Says Gambling Industry is not about Slot Machines
On Tuesday night, Steve Wynn, the billionaire developer and casino mogul, the one to provide shape to the Las Vegas Strip, offered a piece of advice to a big crowd that was gathered at the annual G2E Global Gaming Expo of the gambling industry.
He said that the gambling machines were not the real reasons behind the success of the casinos there were other issues that are more important.
That was the reason why when he won the chance to build the first casino-hotel in Boston, he said that he had wonderful plans all set for a place which will flaunt an entry similar to the ones in Las Vegas, but will be missing the slot machines and other table games.
He said, "It was never the slot machines. The machines have no power unto themselves. It's about things that give people a chance to live big. That's why they come to Las Vegas." He added "If you give it to them, you're going to be OK."
Earlier when those machines were rare to find they had a different charm, but with growing competition and more casinos opening all over the country they are less challenging to find. Competition has grown by folds as many states have allowed lawful casino gambling. Industry veterans are of the opinion that stress is now more on the non-gambling revenue sources which include restaurants, shopping and entertainment.
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