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Former Wynn Resorts CEO Steve Wynn sells entire stake in company

Key Points
  • 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

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.