Casino magnate Steve Wynn decided to cut down his stake in the $18-billion casino empire he founded, after settling a rancorous 6-year-long court battle with his ex-wife Elaine Wynn. This move of the 76-year-old billionaire might pave the way for the company to become a potential acquisition target in the near future.
The six-year conflict between two casino giants ended with both men being forcibly shoved away from their lucrative careers and seemingly ousted by the very companies they built.
Wynn stocks are down 2.6% at the start of this year right after Steve Wynn resigned since the first week of February as the CEO and chairman of the company.
Casino tycoon Steve Wynn resigned this January 27, Saturday as the finance chairman of the Republic National Committee (RNC), a day after reports revealed that the billionaire had engaged in multiple instances of sexual harassment and assault.
Wynn Resorts Ltd. is currently considering building a lake resort expansion involving a whopping 1,000 rooms and 250,000 square feet of meeting space at its Las Vegas Strip property sitting on the middle of a 38-acre lagoon which would host paddle boarding, parasailing, and water skiing during the day, and fireworks shows held every evening.
Casino magnate Steve Wynn decided to cut down his stake in the $18-billion casino empire he founded, after settling a rancorous 6-year-long court battle with his ex-wife Elaine Wynn. This move of the 76-year-old billionaire might pave the way for the company to become a potential acquisition target in the near future.
The six-year conflict between two casino giants ended with both men being forcibly shoved away from their lucrative careers and seemingly ousted by the very companies they built.
Wynn stocks are down 2.6% at the start of this year right after Steve Wynn resigned since the first week of February as the CEO and chairman of the company.
