Wynn Resorts Ltd. disclosed that Steve and Elaine Wynn sold 2 million common shares in the casino/resort company on Aug. 14 at an average price of $57 per share. The sale, which represent less than 10 percent the Wynns' total holdings, were sold "to provide liquidity in anticipation of the change in their marital status," the company said in a statement.
According to The Wall Street Journal, the Wynns sold the shares for a total of $114 million in anticipation of their second divorce. The couple married in 1963, divorced in 1986 and remarried five years later.
Wynn Resorts owns and operates Wynn Las Vegas, Encore and Wynn Macau. Steve Wynn is the company's ceo, while Elaine Wynn is a board member.
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