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Following last week’s $2.4bn settlement between Wynn Resorts and, jointly, Universal Entertainment and Aruze USA, founder and former Wynn Resorts CEO Steve Wynn has indicated he may sell his shares in the company.

In a regulatory filing, it was confirmed that the Clark County district court in Nevada had concurred that the 2010 stockholders agreement, which could prevent Wynn selling his 11.8 per cent stake, is now “invalid and unenforceable”.

The mogul’s former wife, Elaine Wynn, is the company’s second largest shareholder, with 9.3 per cent. Both are now free to trade their stock in Wynn Resorts.

Steve Wynn left his position with the company he founded after allegations of sexual misconduct emerged, triggering further accusations and a handful of investigations from regulators.