{"id":79009,"date":"2018-05-28T16:00:28","date_gmt":"2018-05-28T23:00:28","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=79009"},"modified":"2018-05-28T16:26:43","modified_gmt":"2018-05-28T23:26:43","slug":"steve-wynn-highest-paid-nevada-casino-exec-in-2017","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/steve-wynn-highest-paid-nevada-casino-exec-in-2017\/","title":{"rendered":"Isn&#8217;t It Ironic: Steve Wynn Highest-Paid Nevada Casino Exec in 2017, Former CEO Made $34.5M"},"content":{"rendered":"<p class=\"p1\">Steve Wynn had a disastrous end to 2017, but the former casino CEO still managed to collect more than $34.5 million in earnings.<\/p>\n<figure id=\"attachment_79013\" aria-describedby=\"caption-attachment-79013\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-79013\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/collage-18.jpg\" alt=\"Steve Wynn casino CEO pay\" width=\"1200\" height=\"672\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/collage-18.jpg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/collage-18-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/collage-18-1024x573.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/collage-18-768x430.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/collage-18-166x93.jpg 166w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/collage-18-536x300.jpg 536w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption  id=\"caption-attachment-79013\"class=\"text-description\">Steve Wynn, Sheldon Adelson, and Mark Frissora collectively made over $84 million last year. (Image: Getty\/Forbes\/Las Vegas Sun\/Casino.org)<\/figcaption><\/figure>\n<p class=\"p1\">According to financial research group Equilar and the <i>Associated Press<\/i>, <a href=\"https:\/\/www.casino.org\/news\/steve-wynn-no-longer-has-control-over-namesake-casino-company\">Wynn was the highest-paid CEO<\/a> in Nevada last year with cash and stock totaling $34,522,695. The median employee salary at Wynn Resorts was $37,963 during the same period.<\/p>\n<p class=\"p1\">Wynn was by far the most compensated casino executive in America&#8217;s gambling capital. After his $34.5 million and change, Las Vegas Sands Chairman Sheldon Adelson placed second with $26,086,499.<\/p>\n<p class=\"p1\">Caesars Entertainment CEO Mark Frissora was third with just under $24 million, and MGM boss Jim Murren fourth with $14.58 million.<\/p>\n<div class=\"callout\">\n<p><strong>Nevada CEO Pay<\/strong><\/p>\n<ul>\n<li class=\"p1\">Wynn Resorts &#8212; Steve Wynn $34.5M<\/li>\n<li class=\"p1\">Las Vegas Sands &#8212; Sheldon Adelson $26M<\/li>\n<li class=\"p1\">Caesars &#8212; Mark Frissora $23.9M<\/li>\n<li class=\"p1\">MGM &#8212; James Murren $14.58M<\/li>\n<li class=\"p1\">IGT &#8212; Marco Sala $9.86M<\/li>\n<li class=\"p1\">Boyd Gaming &#8212; Keith Smith $8.59M<\/li>\n<li class=\"p1\">Scientific Games &#8212; Kevin Sheehan $8.1M<\/li>\n<li class=\"p1\">Penn National &#8212; Timothy Wilmott $7.18M<\/li>\n<li class=\"p1\">Red Rock &#8212; Richard Haskins $5.12M<\/li>\n<li class=\"p1\">Golden Ent &#8212; Blake Sartini $4M<\/li>\n<li class=\"p1\">Eldorado &#8212; Gary Carano $3.95M<\/li>\n<\/ul>\n<\/div>\n<p class=\"p1\">Combined, 11 Nevada executives engaged in the gaming business received more than $110 million last year.<\/p>\n<p class=\"p1\">The 339 highest-paid CEOs of US-based companies averaged a median pay package of $11.7 million. The highest-paid CEO was Broadcom leader Hock Tan, who received $103.2 million.<\/p>\n<h2 class=\"p1\"><b>Wynn 2017 a Loss<\/b><\/h2>\n<p class=\"p1\">Despite taking home the most pay among his colleagues in 2017, last year presumably cost Wynn many millions of dollars in the long term.<\/p>\n<p class=\"p1\">The disgraced casino mogul resigned in February amid numerous claims of sexual harassment and misconduct. Though he continues to deny he repeatedly took advantage of female workers and forced some into unwanted sex, the billionaire sold his entire stake in Wynn Resorts in March.<\/p>\n<p class=\"p1\"><span style=\"color: #800080;\"><strong>In the weeks following the January bombshell report in <i>The Wall Street Journal<\/i>, Wynn&#8217;s stock in his namesake company lost $412 million in value. Some of those losses were later recovered before he divested his 12.1 million shares for $2.1 billion.<\/strong><\/span><\/p>\n<p class=\"p1\">Since the March 22 sale, Wynn Resorts has seen its stock price recover from around $180 to closing at $194.21 last Friday. That increase on 12.1 million shares equates to more than $172 million.<\/p>\n<h2 class=\"p1\"><b>Female Voice<\/b><\/h2>\n<p class=\"p1\">Wynn is just one of the many names <a href=\"https:\/\/www.casino.org\/news\/mario-batali-lv-restaurants-closing-chef-under-nypd-investigation\">rocked by the #MeToo movement<\/a> for allegedly using his power to take advantage of women. Several staffers claim they tried to tell management of the CEO&#8217;s wrongdoings, but received little support.<\/p>\n<p class=\"p1\">The Equilar and <i>AP<\/i>\u00a0report shows women remain unrepresented in the highest positions among America&#8217;s leading corporations.<\/p>\n<p class=\"p1\"><span style=\"color: #000000;\"><strong>Of the 339 CEOs examined, just 17 were female. That means men still account for 95 percent of the 339 chief executive roles.<\/strong><\/span><\/p>\n<p class=\"p1\">The 17 women did, however, earn a higher median pay of $13.5 million. PepsiCo CEO Indra Nooyi topped the list of female CEOs with $25.89 million in 2017 compensation.<\/p>\n<p class=\"p1\">Wynn Resorts Executive VP Kim Sinatra also received pay that would land in in the upper half of the CEO compensation list. The longtime Wynn worker earned $13.2 million last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Steve Wynn had a disastrous end to 2017, but the former casino CEO still managed to collect more than $34.5 million in earnings. According to financial research group Equilar and the Associated Press, Wynn was the highest-paid CEO in Nevada last year with cash and stock totaling $34,522,695. The median employee salary at Wynn Resorts [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":79013,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,10,18],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Steve Wynn Top-Earning Nevada Casino Exec in 2017, Made $34.5M<\/title>\n<meta name=\"description\" content=\"Steve Wynn had a disastrous 2017 in terms of his public reputation, but the former casino CEO still managed to collect more than $34.5 million in earnings.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steve Wynn Top-Earning Nevada Casino Exec in 2017, Made $34.5M\" \/>\n<meta property=\"og:description\" content=\"Steve Wynn had a disastrous 2017 in terms of his public reputation, but the former casino CEO still managed to collect more than $34.5 million in earnings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/steve-wynn-highest-paid-nevada-casino-exec-in-2017\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-28T23:00:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-05-28T23:26:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/collage-18.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"672\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O&#039;Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O&#039;Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/steve-wynn-highest-paid-nevada-casino-exec-in-2017\/\",\"url\":\"https:\/\/www.casino.org\/news\/steve-wynn-highest-paid-nevada-casino-exec-in-2017\/\",\"name\":\"Steve Wynn Top-Earning Nevada Casino Exec in 2017, Made $34.5M\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/steve-wynn-highest-paid-nevada-casino-exec-in-2017\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/steve-wynn-highest-paid-nevada-casino-exec-in-2017\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/collage-18.jpg\",\"datePublished\":\"2018-05-28T23:00:28+00:00\",\"dateModified\":\"2018-05-28T23:26:43+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"Steve Wynn had a disastrous 2017 in terms of his public reputation, but the former casino CEO still managed to collect more than $34.5 million in earnings.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/steve-wynn-highest-paid-nevada-casino-exec-in-2017\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/steve-wynn-highest-paid-nevada-casino-exec-in-2017\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/steve-wynn-highest-paid-nevada-casino-exec-in-2017\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/collage-18.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/05\/collage-18.jpg\",\"width\":1200,\"height\":672,\"caption\":\"Steve Wynn, Sheldon Adelson, and Mark Frissora collectively made over $84 million last year. 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Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. 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(Image: Getty\/Forbes\/Las Vegas Sun\/Casino.org)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/steve-wynn-highest-paid-nevada-casino-exec-in-2017\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Isn&#8217;t It Ironic: Steve Wynn Highest-Paid Nevada Casino Exec in 2017, Former CEO Made $34.5M"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. 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