Stephen A Wynn, chairman and CEO of Wynn Resorts, Limited, gave a talk at the University of Macau (UM) today (23 September), on the topic “The current and future impact of tourism on Macau and the surrounding communities and what to expect as we go forward.” Mr Wynn was the first speaker in the FBA Distinguished Talk Series 2014 at UM’s new campus and his talk attracted a full house of nearly 1,000 teachers and students.
In his welcome speech, Rector Wei Zhao noted that Mr Wynn has been a long-time supporter of higher education development in Macao in general, and at UM in particular. Wei Zhao mentioned that during yesterday’s (22 September) meeting with Chinese President Xi Jinping, Chief Executive Chui Sai On reiterated the SAR government’s commitment to support UM’s goal to become a first-class university. Wei Zhao said that with the unprecedented support from the SAR government, the public, and prominent community members like Mr Wynn, UM is confident to achieve that goal.
In his talk, Mr Wynn said, “Progress in Macau and progress in the world is always about people and how they see themselves. The things that make a business like mine successful, that make governments successful, universities successful is that they have a wonderful sameness, a commonality to them. What really matters, are the people. In my business, I am fond of saying ‘Only people make people happy’.” During the Q&A sessions, many people seized the opportunity to ask Mr Wynn questions.
Dr Allan Zeman, vice chairman of Wynn Macau, Limited; Gamal Aziz, president of Wynn Macau, Limited; Ian Michael Coughlan, president of Wynn Macau; Linda Chen, chief operating officer of Wynn Macau; Prof Wei Zhao, rector of UM; Prof Fan Xitao, vice rector (academic affairs) of UM; Prof Jacky So, dean of UM’s Faculty of Business Administration; Prof William Mobley, co-director of the Asia-Pacific Academy of Economics and Management; and others attended the talk today.
Mr Wynn is widely credited with having transformed Las Vegas into a world-renowned resort and convention destination. He envisioned and built The Mirage, Treasure Island and the Bellagio. These are boldly conceived resorts that have set progressively higher standards for quality, luxury and entertainment. Now, as chairman and CEO of Wynn Resorts, Limited, he has developed Wynn Las Vegas, Wynn Macau, Encore at Wynn Las Vegas, and Encore at Wynn Macau. Currently in the pipeline is a USD 4 billion luxurious integrated resort known as Wynn Palace on Cotai. Wynn Palace is scheduled to open in the first half of 2016. The Wynn Everett resort development in Boston has also just been approved. Time magazine has recognized Mr Wynn as one of the “World’s 100 Most Influential People” in 2006. In October 2014, Harvard Business Review will name Mr Wynn as one of the Best-Performing CEOs in the World. Under Mr Wynn’s leadership, Wynn Resorts, Limited, has been honored by Fortune magazine as one of the “World’s Most Admired Companies” for six consecutive years.