[Dodoerabe]

Wynn's primary problem is that in the early days of the banking crisis, it was revealed that banks who had taken large TARP bailout packages were found to be spending hundreds of thousands to millions of those dollars on corporate retreats in Las Vegas.

Obama said quite accurately that when the banks were laying off thousands, being seized by regulators and generally under a microscope, it might be sending the wrong message to be having lavish parties in Las Vegas for their execs at a time when so many were suffering.

In the aftermath of that, several banks and other companies downsized or canceled their planned retreats. Wynn lashed out then that this was costing him money and he's repeated that message in every earnings presentation since.