19, 2018, in Las Vegas.(AP Photo/Isaac Brekken) LAS VEGAS (AP) -- The new CEO of Las Vegas-based Wynn Resorts said he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced last month.
FILE - This March 15, 2016 file photo shows casino mogul Steve Wynn during a news conference in Medford, Mass.A termination agreement between embattled casino mogul Wynn and the company bearing his name shows that he won't receive any compensation and can't be involved in any competing gambling business for two years.
(Reuters) - Wynn Resorts Ltd said on Friday that former Chief Executive Officer Steve Wynn was not entitled to severance payments or any other compensation.Wynn, who denied the accusations, remains Wynn Resorts' largest shareholder and owns about 12 percent of the company.
Steve Wynn's co-founder and former partner, Japanese pachinko king Kazuo Okada, is suing Wynn Resorts.In 2012, Wynn Resorts pushed Okada out and forcibly redeemed his roughly 25 million shares, at a 30 percent discount, for $1.
Gibson Dunn has close ties to casino company, with one partner representing Wynn board members and executives in current litigation Updated Feb.13, 2018 12:01 a.
Sexual harassment allegations that have come out in the past few weeks have led him to step down from a number of public positions.Last month, he was forced to resign from his position as Republican National Committee finance chair; last week, he was forced to resign from the company he founded, Wynn Resorts; and this week, he’s been forced to concede a six-year legal dispute to his ex-wife, Elaine Wynn.
Last time, it was Steve Wynn's extravagant art habit that led to MGM Resorts (NYSE: MGM) buying Mirage Resorts in 2000.This time it's sexual misconduct allegations that could put Wynn Resorts, Limited (NASDAQ: WYNN) in the crosshairs of competitors.
The Wynn Palace casino resort, operated by Wynn Resorts Ltd.Kwok/BloombergSteve Wynn, the billionaire who resigned as chief executive of the casino company he founded following accusations of sexual harassment, agreed to give his ex-wife voting control over her shares.
9, 2018 7:19 p.m.
In light of the allegations that surfaced a couple of weeks ago, this week’s news about Wynn Resorts, Limited (NASDAQ:WYNN) founder and chief aren’t terribly surprising.If Steve Wynn is gone, WYNN stock holders and the Board of Directors may finally decide it’s time to pass the oft-beleaguered company off to someone else.
With Steve Wynn out as top executive of the casino empire he founded, pressure is now building on board members and other executives at Wynn Resorts Ltd., as regulatory investigations into alleged sexual misconduct at the company continue.
Late on Tuesday night, Las Vegas legend Steve Wynn resigned as CEO and chairman of the board of Wynn Resorts Ltd.The board of directors announced that Matt Maddox, Wynn Resorts' president, would take over as CEO immediately.
7, 2018 5:24 p.m.
Uncertainties abound as Steve Wynn resigns following misconduct allegations Feb.8, 2018 4:17 a.
The company's stock rallied Wednesday after Wynn resigned but has fallen almost 12 percent since the Journal's Jan.But so far, Wynn Resorts hasn't been linked to any payments to Wynn's accusers.
Steve Wynn, the billionaire casino visionary considered to be the architect of modern Las Vegas, resigned Tuesday as chairman and chief executive of his company in the wake of sexual misconduct allegations detailed in a Wall Street Journal investigation last month.Mr.
Steve Wynn and his legal representatives set up a company separate from his Wynn Resorts Ltd., according to public records, that helped conceal a $7.
A huge land grabIn December, Wynn Resorts bought a massive parcel of land across the street from its existing Encore and Wynn Las Vegas properties.He was willing to make a big bet that Las Vegas was on a comeback and that the Oct.