According to a regulatory filing dated Thursday

Steve Wynn is now free to sell his shares in Wynn Resorts

The mogul resigned as CEO last month, following claims he subjected women who worked for him to unwanted advances.
2018-03-16
Reading time 45 seg
It was revealed Thursday that the casino tycoon and largest shareholder in the company is now able to dispose of his 11.8 percent stake —in full or in part— in Wynn Resorts.

As disclosed by CNBC, Wynn Resorts' former chief executive Steve Wynn can now dispose of all or a portion of his stake in the company, as he and his ex-wife have dissolved an agreement that prevented them from selling their shares, according to a regulatory filing dated Thursday.

Steve Wynn is the largest shareholder in the company, owning about 11.8 percent of the casino operator followed by his former wife who has a 9.3 percent stake, according to Thomson Reuters Eikon data.

Under an agreement with Wynn Resorts, the former CEO could not sell more than one-third of the shares he held in the company.

The mogul resigned as CEO last month, following claims he subjected women who worked for him to unwanted advances. He has denied the accusations.

Nevada state regulators opened an investigation into sexual misconduct accusations by former and current employees against Steve Wynn, said Karl Bennison, enforcement chief for the Nevada Gaming Control Board, in an email to Reuters in January.

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