Elaine Wynn will not return to board of casino company she co-founded after shareholder vote

Associated Press

Elaine Wynn will not return to the board of the casino-hotel company she co-founded with ex-husband Steve Wynn based on preliminary results from a vote by shareholders.

The breakdown of votes at the annual meeting for Wynn Resorts Ltd. isn't immediately available Friday.

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Shareholders met inside the Wynn Las Vegas to discuss if they agree with the company's decision not to re-elect Elaine Wynn to the board. She fought to keep her position and has said removing her from the board is a referendum on her life's work.

The board says a shareholder lawsuit she has pending against her former husband, who is also the company's CEO and chairman, represents a conflict of interest.

Three firms have analyzed arguments and each recommended different votes.