Steve Wynn is credited with helping to transform Las Vegas from primarily a gambling town into a five-star luxury destination. His companies built The Mirage, Treasure Island, Bellagio, Wynn Las Vegas, and Encore.<\/p>\n
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His career in the Las Vegas gaming industry dates back to 1967 when he acquired a small stake in the Frontier Hotel and Casino. Fifty-two years later, Wynn exited the industry he loved and made him worth more than $3 billion. That’s after The Wall Street Journal <\/i>published a report detailing decades of alleged sexual harassment committed by the Strip visionary.<\/p>\n<\/div>\n
Wynn continues to deny he ever acted inappropriately with his female employees. He says the allegations were instead the work of his ex-wife, Elaine Wynn, with whom he was engaged at the time in a bitter divorce settlement.<\/p>\n
Regardless, the WSJ <\/i>article resulted in Wynn resigning as CEO and chairman of the Wynn Resorts board in February of 2018. He sold off his entire stake in the company in March.<\/p>\nElaine Wynn Departs<\/b><\/h2>\n
Wynn Resorts lives on, but the two people who founded the empire are no longer involved in its operations. That’s the case as of this week, as Elaine Wynn is not eligible to continue serving on the company’s board because of Wynn Resorts age policy restrictions.<\/p>\n
However, she remains the company’s largest individual shareholder with an 8.84 percent stake. Her removal from the board ends any Wynn name at the table.<\/strong><\/p>\nLast month, Wynn Resorts named Darnell Strom to the board. Strom is currently a partner and head of the Culture and Leadership Division at the United Talent Agency.<\/p>\n","protected":false},"excerpt":{"rendered":"
Steve Wynn has secured another legal victory. This week, a judge ruled that the Nevada Gaming Commission overstepped its authority last year. Clark County District Court Judge Adriana Escobar has ruled that Wynn’s resignation from his namesake company in February of 2018 ended the Gaming Commission’s regulatory authority over the casino tycoon. The state gaming […]<\/p>\n","protected":false},"author":25,"featured_media":156046,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,60],"tags":[],"acf":[],"yoast_head":"\n
Steve Wynn Wins Again, Nevada Court Says Gaming Commission Erred<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n