Steve Wynn resigned last month as the chairman and chief executive of the casino company that bears his name. On Thursday Wynn Resorts Ltd. took a step that could eventually allow him to end his status as the company’s largest shareholder, too. His 12% stake has left him and the company subject to additional scrutiny by regulators in Nevada and Massachusetts, who are investigating allegations that he engaged in sexual misconduct against employees.

Source: Wall Street Journal March 08, 2018 23:23 UTC