26 that Wynn had harassed female employees over a period of decades. The series of deals will help new CEO Matt Maddox steer the company through a storm that erupted when the Wall Street Journal reported Jan. ended a bitter six-year dispute that prevented Wynn from selling his shares and competitors from acquiring a stake in the company. A $2.4 billion court settlement this month with former Wynn Resorts shareholder Universal Entertainment Corp. The two transactions were announced Thursday evening and came on the heels of a flurry of legal activity. His financial exit from the company was largely expected, but the Galaxy investment came as a surprise. The former chairman and chief executive raised about $2.1 billion through the stock sale. The remaining 8 million shares sold Thursday for $175 per share to two current shareholders in a private sale, the company said in a statement. Wynn sold his 12.1 million shares starting Wednesday, with 4.1 million shares selling to the public for $180 per share. Wynn Resorts also announced that Hong Kong-based Galaxy Entertainment Group will pump nearly $1 billion into the company in the form of new equity and receive 5.3 million shares in return. Richard Brian Las Vegas Review-Journal businessman Steve Wynn has sold his entire stake in Wynn Resorts amid a growing sexual harassment scandal that threatened to damage his casino operations. Steve Wynn's properties Encore, left, and Wynn Las Vegas, right, on the Vegas Strip on Saturday, January 27, 2018.

Guy dies at winn casino boston