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Steve Wynn Releases Control Of Ex-Wife's Wynn Resorts Shares

Former Wynn Resorts executive Steve Wynn has released voting control of his ex-wife’s stake in the company.

Elaine Wynn originally signed selling rights and other control of her shares over to Steve Wynn, but sued six years ago to get those privileges back.

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The shares represent approximately 9.4 percent ownership.

Steve Wynn reportedly has no plans to sell his shares, which represent about 11.8 percent ownership.

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Steve Wynn resigned as CEO of Wynn Resorts this week after reports of multiple accusations of sexual harassment and assault.