Elaine Wynn, who has 8.84% stakes in in Wynn Resorts Limited, the biggest among single shareholders, has reportedly dropped her quest to secure a position in the board of directors of company.
She made this announcement during a during a fitness hearing held by the Nevada Gaming Control Board, as reported by the Las Vegas Review-Journal. She reportedly revealed that she accepts her age of 75 years is a constraint for such positions.
She reportedly said to the commission that Nevada Gaming Commission that she had helped hire Phil Satre as the chairman of the board in 2018. Satre’s term will end December 2021. She also revealed that she would focus on enhancing children’s educational opportunities in ‘The Silver State’ through her position as Chair of the Nevada State Education Board.