Written by :
Published on :
Casino mogul Steve Wynn has come under fire this week for saying that “Nobody likes to be around poor people”. Considering 99 percent of the US population (and probably the world for that matter) view themselves as “poor” when compared to the billionaire Wynn, it’s easy to see why there has been such a huge backlash coming into this weekend.
Ad: Claim Hundreds of Dollars in Free Cash. Bet Most Games Live, In-Play
Wynn made the remark during a conference call with investors Wednesday night.
"Rich people only like being around rich people," he said. "Nobody likes being around poor people, especially poor people.
CNBC correctly predicted the line would go viral, calling it the “latest tone-deaf gaffe by a billionaire”.
"This company caters to the top end of the gaming world," he said. "We're sort of Chanel or Louis Vuitton, to use the comparison, the metaphor of the retail business. 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 is currently embroiled in a nasty battle with his ex-wife Elaine who is seeking to take back control of her Wynn Resorts stocks.
Steve Wynn, 74, is said to be worth $2.7 billion, while Elaine Wynn, 73, is worth $1.5 billion, according to Forbes magazine.
- Aaron Goldstein, Gambling911.com
