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kari smith cache creek casinoSteve Wynn, the former Chairman and CEO of the company, currently holds about 11.8 percent of the company’s shares, while Elaine Wynn holds 9.4 percent.Regulators Might Want Steve Wynn OutThe ability for Steve Wynn to sell shares in the company may prove important. A shareholder agreement between Steve Wynn and ex-wife Elaine Wynn has been invalidated by a Clark County District Court judge, issuing an order that also dismisses any claims Elaine Wynn may have pursued in a case that pits Wynn Resorts against Aruze USA. Each has a slightly different development focus, though.GameCo specializes in pairing video games with gambling. Gaming regulators in both Nevada and Massachusetts are currently conducting investigations into Wynn’s suitability as an owner. In 2016, she told a court that she had agreed to let Steve Wynn retain control of her stock so that he could better protect their mutual interest in the company, which didn’t always align with those of Kazuo Okada and Aruze USA.Elaine Wynn argued that this was no longer necessary once the company had redeemed Aruze’s shares, which happened in 2012. While Wynn is no longer on the board of directors for the company, regulators could decide that his significant stake makes him more influential in the corporation’s affairs than officials are comfortable with.Elaine was granted nearly half of Steve Wynn’s stake in Wynn Resorts in 2010 following their divorce, but the shareholder agreement prevented her from having control over her stock. is four winds casino open

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