Wynn Resorts Settles With Elaine Wynn, Names Industry Veteran Vice-Chairman

Wynn Resorts Settles With Elaine Wynn, Names Industry Veteran Vice-Chairman
An aerial view of the Wynn Las Vegas on Nov. 6, 2008. Ethan Miller/Getty Images
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Casino operator Wynn Resorts on Aug. 6 named industry veteran Phil Satre its vice-chairman, in a symbolic victory for largest shareholder Elaine Wynn, who has been pushing for changes at the company’s board.

As part of a settlement with Wynn, also the company’s co-founder, Wynn Resorts will also appoint Satre chairman by the end of the year, replacing D. Boone Wayson.