Press Release

Kirkland Advises Wynn Resorts in Connection with a Settlement with Elaine Wynn

Kirkland advised Wynn Resorts, Limited (NASDAQ:WYNN, Market Cap: $16B+), the luxury resort and casino company, in connection with a settlement with Elaine Wynn, the Company’s largest shareholder.  As part of the cooperation agreement, announced on August 6, 2018, Wynn Resorts appointed Phil Satre as Vice Chairman of the Board, with the expectation that Mr. Satre will succeed to the Chairmanship.  Mr. Satre is the former Chairman and CEO of Harrah’s Entertainment, Inc.  Ms. Wynn agreed to certain standstill provisions and voting commitments for the duration of the period that Mr. Satre serves as Chairman, and in any event, at least through the Company’s 2020 Annual Meeting of Stockholders.  

The team is led by corporate partners Eric Schiele and Shaun Mathew, and litigation partner Matt Solum, with assistance from corporate associates Romain Dambre and Sean Brownridge.