The Wall Street Journal: Casino tycoon Steve Wynn settles six-year legal battle with ex-wife

Embattled casino mogul Steve Wynn has settled all remaining claims in a long-running lawsuit centered around a since-dissolved shareholders’ agreement with his ex-wife, Elaine Wynn.

Wynn Resorts Ltd. WYNN, +2.66%   also said Monday that Elaine Wynn had agreed to release the company and its general counsel, Kim Sinatra, from claims involving breach of contract.

Also see: Steve Wynn sells remaining shares in his casino company

Neither Wynn Resorts nor Sinatra paid any money to her as part of the settlement, the company said. As part of the settlement, Steve Wynn paid Elaine Wynn a sum, according to people familiar with the matter. They did not disclose the figure. “I am pleased this litigation has now been resolved,” Elaine Wynn said.

The settlement ends a six-year legal battle in Nevada court involving the Wynns and a former business partner, Universal Entertainment Corp. 6425, -2.98%  . A shareholder agreement dating to 2010 had prohibited any of the parties from selling shares without the permission of the others.

An expanded version of this report appears on WSJ.com.

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