Elaine Wynn preparing to testify against ex-husband Wednesday


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.

[RELATED: Steve Wynn resigns as Republican finance chairman]

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.

READ MORE: Special committee formed to investigate Steve Wynn sexual assault allegations Woman details Wynn lawsuit, claims he forced sex Wynn gets no money in termination deal with casino company Attorney breaks down shareholders' lawsuit against Wynn Resorts leaders Lawsuit: Steve Wynn demands employees to deny assaults Steve Wynn settled with second woman over sex allegationsCopyright 2018 Associated Press. All rights reserved.

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