Tryst **IS** owned by Wynn ...

[External Poster]

This posting is from: annie
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Came across this coincidentally from a LV discussion board from
a thread on a related topic. Seems to be about as close to "from
the horse's mouth" as you can get!

(begin cut-paste)
By Liz Benston, Jeff German, Michael Mishak
Sun, Mar 9, 2008
[bobbitt]

Casino ownership

Some Nevada casino executives did foresee the issues involved, including
Wynn Resorts Chairman Steve Wynn.

"We recognized the exposure this had from the day we opened," Wynn said.
The two nightclubs at Wynn Las Vegas, Blush and Tryst, are owned by the
casino, which imposes strict internal controls over their operations.
Victor Drai, who runs Tryst for the casino, is paid a percentage of the
profits and does not control the club's revenue stream.

Wynn described the arrangement as a "separation of powers." Drai and his
management team are confined to running the door, hiring waitresses and
promoting the club. Although the club's employees are allowed to pool
their tips, Wynn said, they do not have control over the club's liquor
and inventory, which are monitored closely by the casino's accounting
department. The accounting department also hires all employees who
handle financial transactions, including cashiers.

"The different lines of reporting are the heart of any kind of control
system for a company," Wynn said.
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Complete article here:

http://www.openvegas.com/vegas/forums/showthread.php?t=49550

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(This posting was entered by annie, an external user of MyDLV.)