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>The Wealthy Wynns Plan a Divorce

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Steve, Elaine Wynn sell off two million shares

Alert Email Print Share By Wallace Witkowski

SAN FRANCISCO (MarketWatch) — Wynn Resorts Ltd. Chief Executive Steve Wynn and Elaine Wynn sold two million shares of stock at $57 a share because of an anticipated change in their marital status, the casino operator said Tuesday. The sale, which occurred Friday, represents less than 10% of the couple’s total holdings. Shares of Wynn rose 4.1% to $55.04 in recent trading.