Base salary for Wynn Resorts chairman raised by $1 million

Wynn Resorts Ltd. has increased the base salary of Chairman and CEO Steve Wynn by roughly $1 million, the company said in a Monday filing with the Securities and Exchange Commission.

In the report, the company said Wynn's base salary was raised to $4 million as of Thursday.

An April 1, 2010, filing with the SEC showed Wynn's base salary was $2.96 million in 2009, down from $3.25 million in 2008 and $3.17 million in 2007.

The filing said Wynn received $8.39 million in total compensation in 2009, compared with $8.45 million in 2008 and $11.25 million in 2007.

Wynn Resorts shares rose $1.09, or 0.89 percent, Monday to close at $122.93 on the Nasdaq Global Select Market