Wynn Resorts has always been at the high end of the luxury market in Las Vegas and on Thursday, the company’s top executive explained how it has fared during the visitation lull of the summer months.

Craig Billings, CEO of Wynn Resorts Ltd., gave his explanation to investors and analysts in a conference call announcing the company’s third-quarter results.

“Wynn Las Vegas is not necessarily built for those visiting Las Vegas on a tight budget,” Billings said in response to an analyst’s question about the social media backlash to price gouging.

“Our customer generally isn’t the customer who focuses on cost alone,” he said. “But they are the type of customer who is unrelenting when it comes to value for their dollar. Their expectation of that perceived value could not be higher.”

The comp

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