Dubbed “Queen of Las Vegas” for understated but hands-on role in co-founding Wynn Resorts with ex-husband Steve, Elaine Wynn was stripped of her board seat in April. She made a highly public case to stay on the board – pointing out that her leaving would make the board only have white male voices – but she was still voted down. At issue is the fact that she wants to sell part of her 9 percent stake in the company but, due to the divorce settlement, she can’t without her ex-husband’s approval. Since 2012, she has been suing him for the right to sell her shares at will. Wynn Resorts recently said the lawsuit shows the Elaine’s interests aren’t in line with the company’s.
Elaine Wynn, the second-biggest shareholder in Wynn Resorts, has lost her battle for a seat on the board after failing to win over a sufficient number of shareholders to back her re-election at an annual general meeting. Wynn has been in a war of words with the board of the casino operator, which was co-founded […]
Wynn Resorts and board member Elaine Wynn have stepped up their battle of words ahead of a vote on April 24th that will decide whether the former wife of chairman Steve Wynn retains her seat at the top table. On Monday, the company sent a letter to shareholders urging them not to vote to return […]
Glass Lewis & Co., a leading independent proxy advisory firm, has recommended that Wynn Resorts stockholders vote “FOR” ALL of the director nominees, the casino operator announced in a filing. According to Wynn, Glass Lewis said in a report that it supported Wynn’s nominees and rejected director Elaine Wynn, who was formerly married to CEO […]
Steve Wynn has agreed to terminate an eight-year-old shareholder agreement with his ex-wife, allowing both of them to sell their stock in Wynn Resorts without requiring permission from the other. Wynn’s decision to end the six-year legal battle comes only days after the gaming mogul resigned as CEO and Chairman of Wynn Resorts following sexual […]
The chairman of Wynn Resorts’ board of directors has rejected requests from Elaine Wynn to reshuffle the company’s board of directors. Earlier this week, Ms. Wynn wrote a letter to the board seeking a restructure in the company’s corporate governance through a shake up of the board of directors. “I write to you in my […]
Elaine Wynn, co-founder of Wynn Resorts and ex-wife to Steve Wynn is pushing for a restructure in the company’s corporate governance through a shake up of the board of directors. Only a day after Ms. Wynn drop her claims against her ex-husband over a breach of their stockholders agreement, Ms. Wynn wrote a letter to […]
A further legal chapter in the long-running dispute between Japanese billionaire Kazuo Okada, Steve Wynn and his former wife, has been closed, potentially paving the way for the sale of their holdings in Wynn Resorts. In a Securities and Exchange Commission filing, Wynn Resorts said that Steve and Elaine Wynn presented the Judicial District Court […]
Elaine Wynn, the co-founder and largest shareholder in Wynn Resorts, says she has filed a complaint in a Nevada court to force the company to provide her with shareholder list materials.
Wynn Resorts has urged shareholders to vote for its board slate at an upcoming general meeting, disagreeing with a leading proxy firm, which partially backed co-founder Elaine Wynn.
Shareholders in Wynn Resorts voted by an overwhelming majority to reject a new executive compensation package presented by management.
Galaxy Entertainment founder and Chairman Lui Che-Woo said his company has no plans to increase its 4.9 percent stake in Wynn Resorts, damping speculation it may have been planning a full takeover.
Regulators in Massachusetts say Wynn Resorts failed to follow its own procedures when handling sexual misconduct allegations against founder and former CEO Steve Wynn and in some cases helped to conceal those accusations. The findings were released in a near 200-page investigatory report carried out by the Investigations and Enforcement Bureau of the Massachusetts Gaming […]