• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Elaine Wynn seeks formal end to her Wynn managerial role

Sep 11, 2020 Newsdesk Latest News, Top of the deck, World  


Elaine Wynn seeks formal end to her Wynn managerial role

Elaine Wynn (pictured in a file photo), the single-largest shareholder in United States-based casino operator Wynn Resorts Ltd, has confirmed to the Nevada Gaming Control Board via video link, that she wishes to withdraw her application for a “finding of suitability as a beneficial owner” of the firm, as she no longer wishes to seek to retain a seat on the company’s board.

That is according to Las Vegas media reports of Wednesday’s proceedings. She was also cited as saying she thought the current chairman, Phil Satre – whom she helped to appoint, following a turbulent period in the group’s history – was doing a good job. Wynn Resorts is the parent of Macau casino licensee Wynn Macau Ltd.

The final approval on the application for withdrawal of an application of “suitability” – the term used in Nevada regarding whether a person is fit to be involved in management of a gaming licence in the state – will be for the Nevada Gaming Commission, on September 24.

Ms Wynn – twice divorced from former Wynn Resorts’ chairman and chief executive, Steve Wynn – has an 8.84-percent stake in Wynn Resorts Ltd. Forbes magazine estimated her real-time net worth as of Friday, at US$1.8 billion.

Mr Wynn, the original chairman and chief executive of the company, resigned from his posts in early 2018, amid allegations of sexual misconduct by him, against some female staff. He has denied any wrongdoing. He subsequently sold his shares in the business.

At the Wednesday hearing, Ms Wynn – who co-founded Wynn Resorts – reportedly told the control board that she would not be eligible for a board seat, even if she wished to have one. The Las Vegas Review-Journal newspaper said that the age limit for Wynn Resorts’ board members was 75. Ms Wynn is 78.


  • tweet
Related articles
  • IGSA tech summit to focus on sports betting, cybersecurity
    IGSA tech summit to focus on sports...

    Jan 11, 2023  

  • U.S. judge tosses ‘foreign agent’ lawsuit vs Steve Wynn
    U.S. judge tosses ‘foreign agent’...

    Oct 13, 2022  

More news
  • Junket boss Levo Chan heard okaying illicit bets: court
    Junket boss Levo Chan heard okaying...

    Jan 30, 2023  

  • Macau visitor momentum kept for post CNY weekend
    Macau visitor momentum kept for post...

    Jan 30, 2023  


Latest News

Junket boss Levo Chan heard okaying illicit bets: court

Junket boss Levo Chan heard okaying illicit bets: court

Jan 30, 2023  

A Macau court was offered evidence on Monday, including of recordings from police-wiretapped telephone conversation, that the prosecution says proves the direct involvement of Levo Chan Weng Lin...
Read More
Macau visitor momentum kept for post CNY weekend

Macau visitor momentum kept for post CNY weekend

Jan 30, 2023  

South Korea extends travel restrictions on China arrivals

South Korea extends travel restrictions on China arrivals

Jan 30, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day


451,047

Aggregate number of visitors to Macau during the Chinese New Year holiday period



Most Popular

  • Available Macau casino tables busy at tail of CNY holsAvailable Macau casino tables busy at tail of CNY hols January 27, 2023
  • Almost half million visitors to Macau for 7 days of CNY holsAlmost half million visitors to Macau for 7 days of CNY hols January 30, 2023
  • Macau visitor momentum kept for post CNY weekendMacau visitor momentum kept for post CNY weekend January 30, 2023
  • G2E Asia in-person for Macau in 2023, first time since 2019G2E Asia in-person for Macau in 2023, first time since 2019 January 27, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us