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First a confession: I dislike Donald Trump with intensity and, whenever possible, I will do a post for the sole purpose of slamming him. Full disclosure: This is one of those posts.
Shares of Steve Wynn’s Wynn Resorts (NASDAQ: WYNN) have been on a roll for years (even allowing for the recent pullback), in sharp contrast with better-known casino mogul Donald Trump’s Trump Entertainment Resorts (NASDAQ: TRMP), which is suffocating under the weight of a heavy debt load, engaging in a so far fruitless search for a buyer.
A piece in Smart Money tells of Wynn’s meteoric rise from humble roots — which also contrasts nicely with Trump’s privileged upbringing and reckless investments that nearly destroyed his inherited fortune. He also spoke about his ambitious plans for Macau, and complains about the pizza at his resort.
In the world of flamboyant casino icons, Donald Trump gets all the headlines. But Steve Wynn is smarter, more successful, more interesting, and has better hair — and a fondness for Picasso, although he accidentally poked a hole in a $40 million piece.
Wynn’s star is on the rise — The Donald’s time as a star is over because of overexposure. Witness the declining ratings of his Apprentice series.
Maybe Steve Wynn should write a book or host a TV show to get his star up to snuff. Oh wait, he’s too busy being an actual mogul, rather than just playing one on TV.
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