Steve Wynn ends the battle for sold Wynn Resorts shares

 

Steve Wynn ends the battle for sold Wynn Resorts shares

After years of struggle over the Wynn Resorts shares sold by his ex-wife, casino titan Steve Wynn buried the hatchet. Stopping the fight is accompanied by the resignation that he has submitted to the company. The struggle came about when Elaine, the ex-wife of Wynn, allegedly violated the divorce settlement of the two. According to Wynn, he would be entitled to the shares that Elaine held in the company after they were separated. However, Elaine contradicted this.

Dismissal at Wynn Resorts

The day after the resignation of Steve Wynn, Wynn Resorts indicated that Wynn has no plans to sell its own shares. Should he still choose to sell the shares at a later time, he will arrange this in an orderly manner. That is the company's statement. Because Elaine does want to sell its shares, this could offer an opening for a possible acquisition. Jim Murren, CEO of competitor MGM Resorts, however, denies this.

Unrest within Wynn Resorts

Within Wynn Resorts, the unrest is not over with the resignation of Steve Wynn. For example, the organization was previously associated with sexual harassment, which was never proven. There is also an investigation by the Massachusetts Gaming Commission into an incorrect claim of more than $ 7.5 million submitted by Wynn Resorts against a manicure in Las Vegas.

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