Steve Wynn Sells Third Of His Resort Shares Following Sex Misconduct Allegations
PHILADELPHIA (CBS) -- Embattled casino mogul Steve Wynn has cashed out more than one-third of his stake in the company that bears his name.
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Securities filings show Wynn netted nearly $739 million in the sale.
The move now makes Wynn's ex-wife and co-founder, Elaine Wynn, of the Wynn Resorts the company's largest shareholder.
He resigned as chairman and CEO of the company back in February after accusations of sexual misconduct surfaced.
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Wynn denies the allegations.
