Wynn Resorts’ counsel exits, extending turmoil in founder’s wake

Wynn Resorts’ counsel exits, extending turmoil in founder’s wake

Her departure follows other high-level changes at the Las Vegas-based company since the resignation of Chief Executive Officer Steve Wynn in February.

Wynn Resorts’ former general counsel, Kim Sinatra.
LOS ANGELES:
Wynn Resorts Ltd., whose founder stepped down earlier this year over allegations of sexual harassment, said General Counsel Kim Sinatra left her position, marking another high-profile change at the casino company.

Wynn Resorts hasn’t completed the terms of her transition, according to a filing Thursday. Sinatra held the post since 2004.

Her departure follows other high-level changes at the Las Vegas-based company since the resignation of Chief Executive Officer Steve Wynn in February. Six board members announced they were leaving. Three new ones were added, all of them women.

The new CEO, Matt Maddox, has been trying to distance the company from the regime of his predecessor, even going so far as to drop the Wynn name from the new casino the company is building near Boston.

Former board member Elaine Wynn said in legal filings that she told Sinatra about an alleged 2005 incident between Steve Wynn and a manicurist at the resort, which the departing general counsel has disputed. Regulators in Massachusetts, Nevada and Macau have been investigating claims of harassment at the company, probes that could result in Wynn Resorts losing its license to operate in those jurisdictions.

The shares were little changed in extended trading. They’re down 8.2% this year, partly on concerns of a stalling recovery in Macau.

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