GGRAsia – Kim Sinatra steps down as Wynn Resorts VP, counsel

Kim Sinatra steps down as Wynn Resorts VP, counsel

Jul 06, 2018 Newsdesk Latest News, Top of the deck, World

U.S.-based casino resort Wynn Resorts Ltd announced on Thursday that Kim Sinatra will cease to serve as the company’s executive vice president, general counsel and secretary, with effect from July 15.

Ms Sinatra joined Wynn Resorts in 2004, assuming the role of general counsel and corporate secretary in 2006. She also serves as an officer of several of the company’s subsidiaries.

“Ms Sinatra and the company have not finalised the terms of her transition and departure,” said the firm in a filing. Wynn Resorts did not give a reason for her departure.

Ms Sinatra’s exit marks another high-profile change at the Las Vegas-based casino firm, whose founder, Steve Wynn, resigned in February over allegations of sexual harassment.

The structure of the Wynn Resorts’ board has changed dramatically over the past three months, with 60 percent of the directors that had been in place at the start of the year now having departed.

The casino company announced in April the appointment of three new directors for its board, all of them women.

Wynn Resorts is the parent company of Macau casino operator Wynn Macau Ltd. Ms Sinatra is also a non-executive board member of the Macau unit.

Wynn Resorts had been under pressure from Elaine Wynn, a co-founder of the firm, and from some investor advisory firms, to bring in new faces at senior level since the publicity given in January to allegations that Mr Wynn had sexually harassed employees. The entrepreneur has denied the claims.

The allegations prompted the Massachusetts Gaming Commission and the Nevada Gaming Control Board to launch investigations over claims of harassment at Wynn Resorts, which are said to be ongoing.