Selling 4.1 M shares in the corporation
Steve Wynn reduces his stake in Wynn Resorts to 7.8 percent
Steve Wynn resigned as CEO last month, following claims he subjected women who worked for him to unwanted advances.
2018-03-22
Reading time 27 seg
Following the casino tycoon's resignation as CEO of the company bearing his name amid sexual misconduct accusations, it was revealed that he has disposed of some shares in Wynn Resorts, lowering his stake from 11.78 percent to 7.8 percent.
According to a securities filing Wednesday, the former chief executive of Wynn Resorts has sold 4.1 million shares in the Las Vegas-based corporation.
The ownership interest of the former largest shareholder in Wynn Resorts —he held an 11.78 stake in the company, followed by his wife, with a 9.26 percent stake— has now been reduced to 7.8 percent.
Steve Wynn resigned as CEO last month, following claims he subjected women who worked for him to unwanted advances. He has denied the accusations.
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