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Former Wynn Resorts CEO Steve Wynn sells entire stake in company

  • Steve Wynn, Wynn Resorts' former chief executive, no longer holds a stake in the company after he agreed to sell all of his remaining 8 million shares in privately negotiated transactions.
Former Wynn Resorts' CEO Steve Wynn at the Venetian Las Vegas on September 30, 2014.
Ethan Miller | Getty Images
Former Wynn Resorts' CEO Steve Wynn at the Venetian Las Vegas on September 30, 2014.

Wynn Resorts said on Thursday that former Chief Executive Steve Wynn no longer holds a stake in the company after he agreed to sell all his remaining 8 million shares in privately negotiated transactions.

The company also announced it was selling 5.3 million shares to Macau casino operator Galaxy Entertainment Group at $175 per share.