Elaine Wynn Reiterates Her Qualifications For Re-election To Wynn Resorts Board

(RTTNews) - Elaine Wynn, co-founder, Board member and third-largest stockholder of Wynn Resorts (WYNN), sent a letter to all stockholders outlining her factual rebuttal to the insinuations brought forth by the Wynn Resorts Board of Directors, which seem designed to distract stockholders from the real issues.

The letter reiterated Elaine's qualifications for re-election to the Wynn Resorts board of directors and her steadfast alignment with the interest of stockholders.

The Highlights include: Elaine had no reason to recuse herself with regards to the purchase of land adjacent to the Las Vegas property. Elaine was fully supportive of the equity compensation package for Steve Wynn. Elaine's prevailing in the lawsuit would not trigger the change of control covenant.

The company is fully aware of the long-standing process in place allowing Elaine to transfer shares to her philanthropic Foundation and allowing her no input into whether/when the shares are sold. Elaine is an independent voice who has made a meaningful contribution to the company and Board. The Company is trying to play catch up with its effort to enhance the Board independence/ diversity.