Wynn Sells Shares to Pay for Divorce
Steve and Elaine Wynn have been airing their dirty laundry in public, after it was revealed that the estranged couple had begun selling of their shares in the Wynn casino industry.
The Wynn’s are estimated to have sold 2 million of their shares in the company, amounting to a total of $114 million. It’s believed that the husband and wife duo, who used to run the casinos together, are selling off as much as possible in anticipation of their divorce.
While neither party has suggested at why they may be divorcing, tabloid reports proposing that Steve Wynn had eyes for someone else have apparently “dogged” the couple. Elaine Wynn is currently still a member of the company’s board, after shareholders voted for her re-election in May. Back in June we reported that Wynn was selling his New York property, which suggests he may have been shedding assets since the beginning of summer. To find out more about the casino magnates real estate, make sure to check out our blog post on Steve Wynn's New York flat.
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