Wynn Chairman Steve Wynn said on a conference call that construction of its hotel on Macau's Cotai Strip represents the company's strategy of building urban luxury hotels that go beyond casino resorts. "Slot machines and blackjack tables have no power at all. What we are not building is a box of slots. We're building a beautiful hotel that just happens to have a gaming room in the back," Wynn said of the Urban Wynn concept.

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