Wynn Resorts refutes charges of improper activity

Wynn Resorts refutes charges of improper activityFormer Wynn Resorts board member Elaine Wynn continues to “rehash” old accusations, the company declared in a brief statement this week.

Recent filings in her district court suit do not contain any new accusations or facts “as she so passionately claims, the company’s statement declared.

“Ms. Wynn's comments regarding our Board of Directors, their independence and their actions in this matter are false. Our company has nine distinguished directors, seven of whom are independent under NASDAQ standards, each deeply committed to the best interests of our shareholders.” 

The statement continued, “Her previous allegations that Mr. Wynn applied company resources for personal use are false; Mr. Wynn's use of company assets is fully audited by both the Board and our external auditors, as well as completely outlined in our proxy statements.

Phil Hevener has been writing about the Nevada gaming business for more than 30 years. Email: .

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