{"id":85286,"date":"2018-08-07T06:15:41","date_gmt":"2018-08-07T13:15:41","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=85286"},"modified":"2018-08-07T06:16:18","modified_gmt":"2018-08-07T13:16:18","slug":"elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/","title":{"rendered":"Elaine Wynn Buries Hatchet with Wynn Resorts as Phil Sartre Becomes Vice-Chairman"},"content":{"rendered":"

Gaming industry veteran Phil Sartre has been appointed vice-chairman of Wynn Resorts in a move that should ease tensions between the company and its biggest shareholder and co-founder, Elaine Wynn.<\/p>\n

\"Phil
Phil Satre is the former CEO of Harrahs and a Gaming Hall of Fame inductee. Along with his impeccable credentials, the Wynn Resorts board hopes that his appointment will stop Elaine Wynn giving them all such a hard time. (Image: David Parker\/Reno Gazette-Journal)<\/figcaption><\/figure>\n

Satre, who is the former CEO of Harrahs, now Caesars, is expected to be elected chairman before the end of the year. He will replace D. Boone Wayson who will step down as chairman but will remain a board member.<\/p>\n

The appointment is a victory for Wynn who has clashed repeatedly with the board since she became the company\u2019s largest shareholder after disgraced ex-husband Steve Wynn sold his equity earlier this year.<\/p>\n

Wynn tried to get Satre appointed<\/a> to the board last month but was rebuffed. Since her ex-husband\u2019s departure, she has demanded sweeping changes to corporate governance and to the \u201centrenched\u201d board at Wynn Resorts. Her campaigning led to the resignation in May of Jay Hagenbuch<\/a>, whom she described as Wynn crony.<\/p>\n

Elaine\u2019s Part of the Bargain <\/strong><\/h2>\n

But with victory come concessions. Wynn Resorts said in a filing to the Securities and Exchange Commission this week that Wynn had agreed to enter into a \u201cstandstill period\u201d until 2020.<\/p>\n

\n

During this time, Wynn will agree to keep her ownership of the company down to its current 9.9 percent. She will not nominate anyone to the board, nor attempt to influence board members, nor enter into a \u201cproxy fight.\u201d She has also agreed use her shares to vote in line with the board\u2019s recommendations.<\/p>\n<\/div>\n

The agreement also bars Wynn from engaging in any activity that could lead to a takeover or merger push against Wynn Resorts.<\/p>\n

New Chapter<\/strong><\/h2>\n

In an official statement, Wayson said the appointment was \u201cthe result of a collaborative effort\u201d which was the beginning of a \u201cconstructive and unified effort by all parties to move the company forward.\u201d<\/p>\n

\u201cThe addition of someone of Phil\u2019s caliber and experience is a significant step forward for\u00a0Wynn Resorts\u00a0as we turn the page on the last six months,\u201d Wayson said in a statement.<\/p>\n

Our goal is to give the management team, led by CEO\u00a0Matt Maddox, an opportunity to grow and develop this company to its greatest potential. Phil\u2019s insight and guidance will be invaluable as we move forward.\u201d<\/p><\/blockquote>\n

Satre will leave his post as chairman of IGT to take up the new position but will remain on the board of Nordstrom, Inc. He has previously served on the boards of Tabcorp Holdings Ltd\u00a0and\u00a0Rite Aid Corporation, and is a previous chairman of NV Energy. He is president of the\u00a0National Center for Responsible Gaming and an inductee of the Gaming Hall of Fame.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming industry veteran Phil Sartre has been appointed vice-chairman of Wynn Resorts in a move that should ease tensions between the company and its biggest shareholder and co-founder, Elaine Wynn. Satre, who is the former CEO of Harrahs, now Caesars, is expected to be elected chairman before the end of the year. He will replace […]<\/p>\n","protected":false},"author":36,"featured_media":85289,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,18],"tags":[],"acf":[],"yoast_head":"\nElaine Wynn Makes Peace with Wynn Resorts as Phil Sartre Appointed<\/title>\n<meta name=\"description\" content=\"Phil Satre, former Harrahs CEO, will become vice-chairman, then chairman of Wynn Resorts \u2013 a victory for Elaine Wynn who has agreed in return to stop giving the board a hard a time.\" \/>\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=\"Elaine Wynn Makes Peace with Wynn Resorts as Phil Sartre Appointed\" \/>\n<meta property=\"og:description\" content=\"Phil Satre, former Harrahs CEO, will become vice-chairman, then chairman of Wynn Resorts \u2013 a victory for Elaine Wynn who has agreed in return to stop giving the board a hard a time.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/\" \/>\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=\"2018-08-07T13:15:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-08-07T13:16:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/phil-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1344\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/\",\"url\":\"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/\",\"name\":\"Elaine Wynn Makes Peace with Wynn Resorts as Phil Sartre Appointed\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/phil-scaled.jpg\",\"datePublished\":\"2018-08-07T13:15:41+00:00\",\"dateModified\":\"2018-08-07T13:16:18+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Phil Satre, former Harrahs CEO, will become vice-chairman, then chairman of Wynn Resorts \u2013 a victory for Elaine Wynn who has agreed in return to stop giving the board a hard a time.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/phil-scaled.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/phil-scaled.jpg\",\"width\":2560,\"height\":1344,\"caption\":\"Phil Satre is the former CEO of Harrahs and a Gaming Hall of Fame inductee. Along with his impeccable credentials, the Wynn Resorts board hopes that his appointment will stop Elaine Wynn give them all such a hard time. (Image: David Parker\/Reno Gazette-Jourmal)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Commercial Gaming\",\"item\":\"https:\/\/www.casino.org\/news\/commercial-gaming\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Elaine Wynn Buries Hatchet with Wynn Resorts as Phil Sartre Becomes Vice-Chairman\"}]},{\"@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\/58769b72851c8cf117fb58ca150ebf8b\",\"name\":\"Philip Conneller\",\"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-5-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png\",\"caption\":\"Philip Conneller\"},\"description\":\"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.\",\"sameAs\":[\"https:\/\/muckrack.com\/philip-conneller\",\"https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk\",\"https:\/\/x.com\/casinoorgphilc\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Elaine Wynn Makes Peace with Wynn Resorts as Phil Sartre Appointed","description":"Phil Satre, former Harrahs CEO, will become vice-chairman, then chairman of Wynn Resorts \u2013 a victory for Elaine Wynn who has agreed in return to stop giving the board a hard a time.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Elaine Wynn Makes Peace with Wynn Resorts as Phil Sartre Appointed","og_description":"Phil Satre, former Harrahs CEO, will become vice-chairman, then chairman of Wynn Resorts \u2013 a victory for Elaine Wynn who has agreed in return to stop giving the board a hard a time.","og_url":"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2018-08-07T13:15:41+00:00","article_modified_time":"2018-08-07T13:16:18+00:00","og_image":[{"width":2560,"height":1344,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/phil-scaled.jpg","type":"image\/jpeg"}],"author":"Philip Conneller","twitter_card":"summary_large_image","twitter_creator":"@casinoorgphilc","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Philip Conneller","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/","url":"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/","name":"Elaine Wynn Makes Peace with Wynn Resorts as Phil Sartre Appointed","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/phil-scaled.jpg","datePublished":"2018-08-07T13:15:41+00:00","dateModified":"2018-08-07T13:16:18+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b"},"description":"Phil Satre, former Harrahs CEO, will become vice-chairman, then chairman of Wynn Resorts \u2013 a victory for Elaine Wynn who has agreed in return to stop giving the board a hard a time.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/phil-scaled.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/phil-scaled.jpg","width":2560,"height":1344,"caption":"Phil Satre is the former CEO of Harrahs and a Gaming Hall of Fame inductee. Along with his impeccable credentials, the Wynn Resorts board hopes that his appointment will stop Elaine Wynn give them all such a hard time. (Image: David Parker\/Reno Gazette-Jourmal)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/elaine-wynn-makes-peace-with-wynn-resorts-as-phil-sartre-appointed\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Commercial Gaming","item":"https:\/\/www.casino.org\/news\/commercial-gaming\/"},{"@type":"ListItem","position":3,"name":"Elaine Wynn Buries Hatchet with Wynn Resorts as Phil Sartre Becomes Vice-Chairman"}]},{"@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\/58769b72851c8cf117fb58ca150ebf8b","name":"Philip Conneller","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-5-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-5-1-96x96.png","caption":"Philip Conneller"},"description":"In Philip Conneller\u2019s eight years with Casino.org, he has covered the gaming industry from Las Vegas to Macau and everything in between. He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. Contact Philip at philip.conneller@casino.org.","sameAs":["https:\/\/muckrack.com\/philip-conneller","https:\/\/www.linkedin.com\/in\/philip-conneller-1495a48\/?originalSubdomain=uk","https:\/\/x.com\/casinoorgphilc"],"url":"https:\/\/www.casino.org\/news\/author\/phillip-conneller\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/85286"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=85286"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/85286\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/85289"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=85286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=85286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=85286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}