Once Wynn secures financing for his project (not a problem, he insists), wary investors will loosen their purse strings for Adelson and the rest, says Andrew Zarnett, Deutsche Bank's senior gaming analyst.
The problem with borrowing billions of dollars from taxpayers, some banks found, is that it comes with nettlesome strings like restrictions on executive compensation, pricey dividends payable to Uncle Sam and, in some cases, partial government ownership.