Caesars Entertainment Corp., one of the world’s largest casino operators by properties, plans to have employees on a daily basis visually check all occupied rooms marked as “Occupied” as the hospitality industry confronts calls for improved security.
Steve Wynn’s separation agreement with Wynn Resorts includes no “golden parachute” for the 76-year-old former chairman and CEO, includes a two-year non-compete clause and effectively kicks him off the property by June 1.
In the swelling wake of sexual harassment allegations against former chairman and CEO Steve Wynn, a second group of shareholders filed a lawsuit Thursday against the resort company and its board of directors.
Lawyers for Kazuo Okada said the Japanese billionaire signed a consent to allow Elaine Wynn to sell her shares in Wynn Resorts on the presumption the company would lend him money. The loan never materialized and Okada now claims it resulted in increased financial costs for his Philippines casino project.
The boards of Las Vegas’ six largest gaming employers have just nine women among their 58 members, and only two of the boards have female representation that is higher than the average of 21.2 percent for SP 500 companies.
Lawyers for Elaine Wynn on Tuesday told a judge that claims that she sought to destroy her ex-husband’s business are “outrageous” and “false.”
After months of delays, MGM Cotai, the 1,390-room hotel casino just off Macau’s Cotai Strip, has opened its doors and is expecting massive crowds for Chinese New Year in the next few days.
Nevada Attorney General’s office says it’s too soon to say what action may lie ahead regarding Wynn Resorts Ltd.