A VERY SERIOUS HAPPENING MAY BE AT HAND

Implications: I was very much afraid that the situation at the Wynn Las Vegas would possibly come to unionization of dealers. It was a situation I discussed in an article when this move on the dealers tips transpired. I do not have any serious bad vibes against unions, however, this could place some casinos in a poor financial position should it catch on throughout the local industry.

Analysis: I have never been one to either knock or put any downers on the decisions made by Steve Wynn. He is the most influential person in today's gaming industry. I have known him personally for more years than I would like to admit. He has the right to make decisions for his company that he sees fit to. Correct or not, it's within his realm to do what he sees best for his company to prosper in the Las Vegas and world economy.
 
He has made a very real mistake with his decision to take the tips from his dealers and have them split with their supervisors. Not only is it a hard pill to swallow for the dealers, but to take money out of their yearly income to bolster mid-management payroll is ludicrous.  Could it be that the Wynn is really short of funds - they could have put an end to this dilemma before it came this far. I can't understand where his poor advice came from - it can only hurt the image he so valiantly portrays. Please believe that customers rarely take the side of management in these matters. They could start giving back some bad vibes should this be allowed to go to union vote.

The very real possibilities should Wynn LV go dealer union are:
 - It could be a very quick spread throughout the Las Vegas Gaming industry. There is no telling how much of a financial strain that could put on other properties. If larger unions get involved it certainly could start a flood of inquiries from dealers at other venues. Understand that loyalty has always been from staff to the properties - the union will adjust that thinking in quick order. It will change the atmosphere between staff and management - that's not good for either side. Up to this point all was well with the dealers, as they felt that management had their interests at heart - Wynn's decision takes that theory and puts a real damper on it.

Here is the real rub - it would only take a word from Steve to put an end to this entire affair.  I hope that he does not get stubborn and let his ego rule his thoughts. He is really a good guy that has taken some very poor advice.  Allowing income to be taken from one and be given to another is a poor business decision. Remember that it's an easy thing to give and hard to take away. Never mess with your employee's source of income. It always comes to a poor ending...