Steve Wynn looks to sell shares in former company
By Associated Press
Mar 21, 2018 10:19 AM CDT
FILE - This March 15, 2016, file photo, shows casino mogul Steve Wynn at a news conference in Medford, Mass. Wynn plans to potentially sell all his stock in the casino-operator, a month after he resigned over sexual assault and harassment allegations. Wynn could potentially sell up to 12.1 million shares...   (Associated Press)

NEW YORK (AP) — Former Wynn Resorts CEO Steve Wynn plans to potentially sell all his stock in the casino-operator, a month after he resigned over sexual assault and harassment allegations.

Wynn could potentially sell up to 12.1 million shares of stock. He is the largest shareholder in Wynn Resorts with his stake, which totals about 11.8 percent of the company.

Shares of Wynn Resorts Ltd. are hovering around $180 apiece, which makes his stake worth about $2.21 billion.

Two months ago, The Wall Street Journal reported that several women said the billionaire harassed or assaulted them and that one case led to a $7.5 million settlement with a manicurist formerly employed by the Las Vegas company. Wynn has denied the allegations.