The final details of the divorce settlement between Steve Wynn and Elaine Wynn have been drafted with Steve Wynn transferring half of his casinos stocks to his wife. This does not mean that he will be losing any control of the company, but will be losing some his stock control. Steve Wynn’s shares are worth more than 11 million with the entire company valued at $741 million. Elaine Wynn is a member of the Wynn Resorts Board of Directors and will remain so for another three years.

Both Steve and Elaine will own about nine percent of Wynn Resort shares. In a new shareholders agreement, the Wynns will vote with Aruze USA, a Japanese gaming company that owns 19.9 percent of Wynn Resort shares. Back in August, Steve and Elaine cashed in on two million shares of the casino at $57 per share with the break up in their sights.

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