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In a conference call with analysts, CEO Steve Wynn said the company will keep its expansion plans despite a slowdown in Asian business and increasing competition from companies including Las Vegas Sands and MGM. "Competition has made everybody sharpen their knives," he said. "It's healthy in the long run; challenging in the short run. But we understand this. We wait until we see something real and then we deal with it. Which maybe makes us a little slower sometimes, but we're not sleepy. We're just careful." Wynn added that although growth in Asia has cooled, it's still more stable than anyplace else. "Europe and the United States are tricky," he said. The stock, which has been hit hard in recent months over worries about Asian growth, rose about 63 cents in aftermarket trading to $97.99. It closed up 92 cents at $97.36 in the regular session.
[Associated
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