Wynn Resorts CEO's $114 Million Sale
BY MIRIAM GOTTFRIED
CASINOS WERE HIT HARD by the recession, but Wynn Resorts (ticker: WYNN) shares have more than tripled from a March low. Now Steve and Elaine Wynn have cashed in some of that jackpot with a whopping $114 million stock sale to raise cash ahead of their impending divorce.
The couple sold two million shares of the company's common stock on Aug. 14 at an average price of $57 per share. Steve Wynn is Wynn Resorts' chairman and chief executive officer and Elaine Wynn is a director ...
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