..

A No-WYNN Situation for Former Nevada Governor as Exes Battle in Court

Written by:
Aaron Goldstein
Published on:
Apr/23/2016

Former Nevada Governor Bob Miller is in the middle of a lengthy 3-day deposition as the wealthy Wynn exes battles it out in Court.

Ad: Open an Online Betting Account Today at Gambling911 Endorsed AceSportsbook.  Receive Hundreds of Dollars in Signup Bonuses Here

Elaine Wynn, herself valued at nearly $1.5 billion, is battling former hubby Steve Wynn (worth $2.7 billion) to take back control of her Wynn Resorts stocks.  It was Miller who oversaw her abrupt ouster (ironically, husband Steve was in the minority in voting for Elaine to retain her controlling stocks). 

According to a statement filed on behalf of Elaine Wynn, “The resumed deposition of Governor Miller seeks to examine whether the Board has fulfilled its fiduciary responsibilities to its shareholders, including by seeking much-needed clarity as to the process leading to the Board’s unprecedented decision not to renominate Ms. Wynn — the only time in Wynn Resorts’ history that a director has been denied renomination.”

In a statement, a Steve Wynn spokesman said the latest filing was a legal misdirection intended to “make headlines.”

“Governor Miller, in his position as Chairman of the Nominating Committee and member of the board, has already completed three full days of testimony and turned over all relevant documents to attorneys,” the statement reads. “Governor Miller was the longest-serving Governor of Nevada and is a deeply respected member of the community and our board. He has chaired the Corporate Governance Committee of other public companies, as well as ours.

“Elaine Wynn’s recent actions are self-serving and vindictive. By attempting to sensationalize a routine legal filing, Elaine Wynn demonstrates her desperation to damage not only the company, but as many people associated with it as possible.”

- Aaron Goldstein, Gambling911.com

Business/Financial News

Stock Market Worst Since 1970: Latest Odds

Stock Market Worst Since 1970: Latest Odds

The S&P 500 is on track for the worst first half of a year in decades as BetOnline has released its July 31 closing number (30850.5 Points), which is pretty much the June 30 closing.

Bitcoin Set for Worst Quarter in Over a Decade

Bitcoin Set for Worst Quarter in Over a Decade

We also look at ensuring transparency and authenticity on chain, even as it pertains to the world's third most faked food: Honey.  Plus gambling and the blockchain as it pertains to payment solutions.

Crypto Hedge Fund in Default

Crypto Hedge Fund in Default

Plus BitOasis exchange lays off employees amid downturn, Dr. Craig Wright calls Hashgraph useless and more funds betting against Tether.

Things to Consider When Choosing a Reliable Bitcoin-Winning Site

Things to Consider When Choosing a Reliable Bitcoin-Winning Site

Crypto casino industries are known to be very profitable industries, as well as one of the increasingly popular gaming industries. There are various Bitcoin casino sites that result in making it difficult in regard to making a good casino choice.

Bitcoin Miner Prices Likely to Keep Stressing Crypto Sector

Plus massive layoffs, lawsuits and a "crypto ice ag"?

Syndicate