Wynn Resorts Chairman and CEO Steve Wynn told CNBC on Wednesday that he is considering moving the company's global headquarters from Las Vegas to Macau. He also opened his latest hotel and casino in Macau Wednesday and said he aims to start building a massive new resort in the Chinese gambling mecca next year.
“It is not improbable or unrealistic considering so much of our revenue is from China that it makes sense that I spend most of my time here,” Wynn said of a possible move. “I'm seriously considering that and I am weighing the implications of how I engineer that.”
Wynn Resorts said in February it lost $5.2 million, or 4 cents per share, during the fourth quarter of 2009, compared to a loss of $159.6 million, or $1.49 per share, in the fourth quarter of 2008. Net revenue for the fourth quarter of 2009 was $809.3 million, compared to $614.3 million for the same period of 2008.
via Wynn opens Macau casino, weighs moving headquarters – Las Vegas Sun.
Wynn's surprise announcement on CNBC came on the same day he opened the $600 million Encore, a 414-room, all-suite expansion of his Wynn Macau.
The announcement was one of several notable remarks Wynn made during a series of media interviews surrounding the unveiling of the new Macau hotel-casino.
In addition to suggesting he would transplant his corporate headquarters to Macau, a special administrative region of China, Wynn said he hopes to begin construction next year on a third hotel-casino on a 52-acre site on Macau's Cotai Strip.
Wynn also criticized the policies of President Barack Obama, continuing a dialogue he began in October when he appeared on several Fox News television talk shows to lambaste the administration's handling of the economy.
It was his announcement that he is considering moving his headquarters and some 100 corporate staff to Macau that attracted most of the attention locally, though.
via Wynn’s remarks rattle Las Vegas gaming – News – ReviewJournal.com.
A License will be required for your house…no longer just for cars and mobile homes….Thinking about selling your house? Take a look at H.R. 2454 (Cap and Trade bill). This is unbelievable! Home owners take note and tell your friends and relatives who are home owners!
Beginning one year after enactment of the Cap and Trade Act,
you won’t be able to sell your home unless you retrofit it to
comply with the energy and water efficiency standards of this
“Cap & Trade” bill, passed by the House of Representatives.
If it is also passed by the Senate, it will be the largest tax
increase any of us has ever experienced.
The Congressional Budget Office (supposedly non-partisan)
estimates that in just a few years the average cost to every
family of four will be $6,800 per year. No one is excluded.
But wait. This awful bill (that no one in Congress has actually
read) has many more surprises in it. Probably the worst one is
this: A year from now you won’t be able to sell your house
without some bureaucrat’s OK. Yes, you read that right.
The caveat (there always is a caveat) is that if you have
enough money to make required major upgrades to your home, then
you can sell it. But, if not, then forget it. Even
pre-fabricated homes (“mobile homes”) are included. In effect,
this bill prevents you from selling your home without the
permission of the EPA administrator.
And, the EPA administrator is authorized to raise the standards
every year, even above the automatic energy efficiency
increases built into the Act. The EPA administrator, appointed
by the President, will run the Cap & Trade program (AKA the
“American Clean Energy and Security Act of 2009″) and is
authorized to make any future changes to the regulations and
standards he/she alone determines to be in the government’s
best interest. Requirements are set low initially so the bill
will pass Congress. Then the Administrator can set new
standards every year.
The Act itself contains annual required increases in energy
efficiency for private and commercial residences and buildings.
However, the EPA administrator can set higher standards at any
time. Sect. 202 – Building Retrofit Program mandates a national
retrofit program to increase the energy efficiency of all
existing homes across America.
Beginning one year after enactment of the Act, you won’t be
able to sell your home unless you retrofit it to comply with
its energy and water efficiency standards. You had better sell
soon, because the standards will be raised each year and will
be really hard (expen$ive) to meet in a few years. Oh,
goody!
To get this permission, you will have to have the energy
efficiency of your home measured. Then the government will tell
you what your new energy efficiency requirement is and you will
be required to make modifications to your home under the
retrofit provisions of this Act, to comply with the new energy
and water efficiency requirements.
Then you will have to get your home measured again and get a
license (called a “label” in the Act) that must be posted on
your property to show what your efficiency rating is; sort of
like the Energy Star efficiency rating label on your
refrigerator or air conditioner. If you don’t get a high enough
rating, you can’t sell.
The Act allows the government to give you a grant of several
thousand dollars to comply with the retrofit program
requirements IF you meet certain energy efficiency levels. But,
wait, the State can set additional requirements on who
qualifies to receive the grants. You should expect requirements
such as “can’t have an income of more than $50K per year”,
“home selling price can’t be more than $125K”, or anything else
to target the upper middle class (that includes YOU?) and
prevent you from qualifying for the grants.
Most of us won’t get a dime and will have to pay the entire
cost of the retrofit out of our own pockets. More transfer of
wealth, more “change you can believe in.” Sect. 204 – Building
Energy Performance Labeling Program establishes a labeling
program that for each individual residence will identify the
achieved energy efficiency performance for “at least 90 percent
of the residential market within 5 years after the date of the
enactment of this Act.”
This means that within 5 years 90% of all residential homes in the U.S. must be measured and labeled. The EPA administrator will get $50M each year to enforce the labeling program. The Secretary of the Department of Energy will get an additional $20M each year to help the EPA. Some of this money will, of course, be spent on coming up with tougher standards each year…
Oh, the label will be like a license for your car. You will be
required to post the label in a conspicuous location in your
home and will not be allowed to sell your home without having
this label. And, just like your car license, you will probably
be required to get a new label every so often – maybe every
year.
But, the government estimates the cost of measuring the energy
efficiency of your home should only cost about $200 each time.
Remember what they said about the auto smog inspections when
they first started: that in California? It would only cost $15.
That was when the program started. Now the cost is about $50
for the inspection and certificate.
Expect the same from the home labeling program. Sect. 304 –
Greater Energy Efficiency in Building Codes establishes new
energy efficiency guidelines for the National Building Code and
mandates at 304(d) that one year after enactment of this Act,
all state and local jurisdictions must adopt the National
Building Code energy efficiency provisions or must obtain a
certification from the federal government that their state
and/or local codes have been brought into full compliance with
the National Building Code energy efficiency standards.
CHECK OUT a few of the sites;
Cap and Trade: A License Required for your Home http://www.nachi.
org/forum/ f14/cap-and- trade-license- required- your-home-
44750/
HR2454 American Clean Energy & Security Act: http://www.govtrack
.us/congress/ bill.xpd? bill=h111- 2454
Cap & Trade A license required for your home: http://www.prisonpl anet.com/ cap-and-trade-
a-license- required- …
Cap and trade is a license to cheat and steal:
http://www.sfexamin er.com/opinion/
columns/oped_ contributors/ Cap-and-trade- is-a-license-
to-cheat- and-steal- 45371937. html
Cap and Trade: A License Required for your Home: http://www.freerepu blic.com/ focus/news/
2393940/posts
Thinking about selling you House? Look at HR 2454: http://www.federalo bserver.com/ 2009/10/01/
thinking- about-sell. ..
Will you help to free your country from tyranny? Are you a summer soldier or are you in for the fight?
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Absolutely frightening, socialism’s march is being ramped up by the Obama admin in ways we haven’t even imagined. This should disgust and enrage any thinking person in this country regardless of party! If you voted for this usurper repent now and pray we can stop him before it’s too late
Find more videos like this on Mywesttexas
Chatter
Yes indeed ladies and gentlemen it is being shoved down our throats. The Democrats are stuffing whatever they can into whatever piece of legislation that they can they will not be stopped. Here is a video from today’s Glenn Beck show hosted byJudge Napolitano with a doctor who is completely against what is going on in Washington.
John Stossel was fired from ABC (20-20)’s shortly after he trashed Obamacare in a news feature. The actual airing of the special was delayed until AFTER Henry Waxman’s House committee voted on HR3200. All this was, of course, “coincidence.” It looks like FOX news has picked him up.
Over 1,000,000 people have seen this on YouTube. It needs to be shown to a great many more people. It’s a graphic message that President Obama has no desire for you to see.