Facebook
Fark
Digg
Reddit
Stumble
Tuesday, Aug. 18, 2009 | 9:36 a.m.
Sun Coverage
Wynn Resorts Ltd. of Las Vegas today said Chairman and Chief Executive Steve Wynn and his wife Elaine Wynn sold 2 million shares of Wynn Resorts stock Friday in anticipation of the completion of their divorce proceedings.
Elaine Wynn continues to serve the company as a member of the board of directors.
Divorce papers for the couple were filed March 5 in Clark County Family Court.
Wynn Resorts said the Wynns sold the shares at an average price of $57 and that the shares represent less than 10 percent of their holdings.
Wynn Resorts shares traded Friday in the range of $60.26 to $57.17.
"The shares were sold to provide liquidity in anticipation of the change in their marital status," Wynn Resorts said in a statement.
Lots of money - guess they don't need a government option for health care. They also don't need Obama! Let the people go and let us have what we need!
You would think with that kind of money he could afford a better plastic surgeon.
maybe he knows something other shareholders don't !!!
@ tvegas
Good call. That picture on the front page looks like "Michael Myers" from the original Halloween.
You would think with that kind of money, he could put his non-union employees back on 40 hours a week. They were all cut back to 35 hours a week nearly 9 months ago.
and this guy needs to take tips from his dealers. what a jerk.
@lvcala
Why would anyone put up their own money to pay the Corporation's employees. If you ever want to go in business with me, the answer will be yes.
You would think he would know that new girlfriend is just a gold digger and stick with Elaine his soulmatel.. How stuped is he and here I thought he had vision...
Is he still a Buddhist? Divorce for Muslims is a little easier and less expensive.
@ Thumper
"[J]oint" his fan club? I believe the article on marijuana was the other day.
I know tvegas, the guy looks like a stroke victim.
i got mine=screw you little guys. that's the theme for him and most rich folks. these scumbags have so many STUPID people fooled on health care. this idiot can't tell when he bumped into a million dollar painting, how the hell can he tell what his new squeeze looks like. vegas will never be the same with these corporate losers are in charge.
@formervega76
What in the hell are you talking about. Wynn is the one who took the risk by putting in/borrowing the $1 Billion + to build the thing. He deserves the payoff. Why do people not understand this?!?
What does Steve Wynn have to do with healthcare. I was unaware that he was a member of congress.
Greedy owners have always been in charge of Las Vegas. The management just changed from the mob to corporations. Further, business owners can be as greedy as they want. All business wners are in business to maximize profits.
Wynn has had whole press conferences in which he denounced Obama. He seems to be doing ok!
Steve Wynn creates thousand of jobs. How can this equate to screwing the little guy?
The tip thing is another matter and will be decided by the proper authority, as is going on presently.
I own some Wynn stock this makes me wonder!
Just throwing this out there, but if you are going to call someone stupid then spell the damn word right. Stuped?
Wow, lots of jealous people out there. Wynn was the one that took the risks to build his casinos, so why the anger over him reaping the rewards?
I think the tip sharing idea is ridiculous, but that will soon be sorted out.
Also, do you even know anything about his girlfriend? That was rhetorical because your embarrassingly bad grammar/spelling tells me everything I need to know about you re this issue, and I'm guessing it doesn't involve vacations at the Hotel Cap in the south of France, which was the area in which Steve met his little friend.
Anyway, my point is that this gal is stinking rich herself-I can't recall if it's equal to Wynn's dough and I frankly don't care enough to refresh my memory, but trust me, it's up there. She's actually a well known London socialite, so try and get your facts straight before you start calling her a gold digger.
I also don't understand why this fixation that Wynn is somehow responsible for your financial well-being. Make your own wealth-I don't see Wynn blaming you for his personal/financial issues, so why should you expect him to take care of your matters?
Whatever. They can all go fly a kite, as far as I'm concerned.
P.S. Before you call people "stuped", for the love of God in Heaven, LEARN TO SPELL THE WORD.
revtomperl, Only a simpleton would make a statement you did. We don't need uninformed nit wits like you.
Is steve leaving his wife and marrying Cyborg?
I've known Mr wynn For years than eather of us want to remember. the old nugget. remember what he has done for this town, and quite giving him a hard time.
glad this yo yo has you guys fooled. mirage was not the rebirth of vegas, it was it's downfall. take care of the whales and the heck with anyone else. mob took care of everyone[including themselves] and made vegas, not hughes, not wynn. oh and some of you have no problem of dealers getting ripped off, tell your employer tomorrow that you want to give part of your salary back. some of you please turn off , livestyles of the rich and famous, and go out and see what these rich and famous have done to america. you hate immigrants, but these corporate guys in town sure love them. look at the strip and trop when shifts change, wake up
So many haters, none of whom has ever taken a risk to launch a business, no doubt. Steve took the risk, so he gets the payoff - but he also got years of incredibly hard work and sacrifice long before the payoff ever came. Some of you should try it sometime.
Steve and Elaine, your divorce is your business. But you don't need me to tell you that. Congratulations on all your success, and thank you for having a vision for Las Vegas in 1989. Without it ... who knows. Here's hoping that a divorce will be the best for both of you.
tvegas & reagen - Whats wrong with the pictures of S Wynn? Everyone (except models) look horrible in candid shots... Up close he's an average looking guy
Narcissa, I don't know if you are a woman or men but one thing I know for sure is that you know your writing. Steve Wynn, I know you're reading this, never mind how your face look like, as long as you have all that money everything will rain over you, moreover, don't comb your hair anymore, you will be ok PAPO.
I wanna box Steve Wynn in the ring for charity!! Hey Stevie'o, you man enough to take me on in the ring? You're a LOSER, I say you are too scared!!!
{i wanna box steve Wynn in the ring for charity}....LOLLLLLLLL....all this money but nothing for charity...i support you vegasj...
I want to see Steve Wynn marry Fran Drescher. So they can make the most annoying couple in Vegas.
Guess he wants to "play the field"--at his age, its just sad. Unlimited $$ will do that to ya, I guess. Should watch out, though--don't want a tell-all book written about you (like Madoff).