Steve Wynn Responds to Recent Press Release by Elaine Wynn
LAS VEGAS, April 16, 2015 – Steve Wynn, Chairman and CEO of Wynn Resorts, Limited (NASDAQ: WYNN) (“Wynn Resorts”, “Wynn” or “the Company”), today issued the following statement in response to Elaine Wynn’s press release dated April 16, 2015:
“My comments on The Charlie Rose Show should not be misconstrued. Decisions about nominations and re-nominations of directors are the responsibility of independent directors of Wynn Resorts, Limited. They have made the decision about the re-nomination of Elaine Wynn for the reasons which they have thoroughly and carefully explained to our stockholders. The Company’s independent directors are focused on the best interests of our stockholders and fulfill their roles extremely well for our Company. Under the stockholders agreement (which Ms. Wynn seeks to invalidate through litigation), I am obligated to vote in favor of Ms. Wynn’s re-election.
“It is very important that all stockholders know that I have nothing but the highest respect for the independent directors, their business judgment and their overriding sense of fiduciary responsibility to Wynn Resorts and its stockholders.”
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