{"id":21773,"date":"2018-05-25T07:36:59","date_gmt":"2018-05-25T15:36:59","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=21773"},"modified":"2021-07-14T04:08:11","modified_gmt":"2021-07-14T12:08:11","slug":"the-lost-generation-wynn-shareholders-rebel","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/the-lost-generation-wynn-shareholders-rebel\/","title":{"rendered":"The lost generation; Wynn shareholders rebel"},"content":{"rendered":"

Casinos’ fascination with Millennials appears to be a one-way street. A new survey by YouGov<\/strong> found that 47% of respondents ages 18-34 found casinos “depressing.”<\/a> (I think I know what they mean.) As a matter of \"\"fact, older age brackets didn’t find the casino experience so hot: 41% of those aged 35-64 also got a downer vibe from the casino floor. The 65-plus demographic was most supportive of the casino experience. Young people prefer online gambling, with 50% of the Millennials favoring its legalization, and the 35-49 demographic 52% supportive. Of more concern to us is the revelation that Millennials are experiencing anxiety, depression and suicidal ideation than has been the case in generations previous. There’s not much the casino industry can do about that, but it should be of concern to decision makers in state houses everywhere when they haggle over mental-health funding. Sheldon Adelson<\/strong> may think he can force Millennials onto his casino floors by getting Web betting illegalized but he’s got another think coming.<\/p>\n

* Over at Wynn Resorts<\/strong>, the shareholders are revolting. While the details of a new executive-compensation plan weren’t disclosed, stockholders rejected it like a fastball<\/a>, voting 80% against. Given all the nonfeasance of late in the Wynn executive rank, shareholders have a right to say “Not so fast, buddy.”<\/p>\n