Wynn Resorts Will Not Pay Steve Wynn Severance

Wynn Resorts Will Not Pay Steve Wynn Severance
According to the filing, Mr. Wynn signed an agreement
that included a clause barring him from competing against Wynn Resorts for two years and requiring him to provide “reasonable cooperation and assistance” to the company in any investigation related to his tenure.
Mr. Wynn resigned as chairman and chief executive on Feb. 6 after The Wall Street Journal published a report citing decades of misconduct, including allegations
that he had demanded naked massages from female employees and pressured some for sex
Steve Wynn, who recently stepped down amid sexual harassment allegations as the head of the casino empire
that bears his name, will not receive a severance package, according to the company.