Tuesday, Dec. 28, 2010 | 4:53 p.m.
Wynn Resorts Ltd. today confirmed the new joint venture Chairman and CEO Steve Wynn is involved with is Monaco QD International Hotels and Resorts Management.
On Monday, Wynn Resorts said that in becoming an outside director for Monaco QD, Steve Wynn was granted Monegasque citizenship by Prince Albert II of Monaco.
Wynn Resorts noted Steve Wynn remains a U.S. citizen and taxpayer.
"Mr. Wynn is honored to be involved with the Principality of Monaco in the new joint venture," Wynn Resorts said in a statement today. "He greatly enjoys his long friendship with the principality, which dates back almost 30 years. He is proud to be a part of the community in Monaco and the joint venture. Mr. Wynn looks forward to further developing both relationships."
Monaco QD International Hotels and Resorts is a joint venture between the governments of Monaco and Qatar, formed to acquire and manage hotels and resorts in Europe, the Middle East and North America.