Satre will take over as chairman of the Las Vegas-based casino operator following the retirement later this year of D. Boone Wayson, Wynn Resorts said in a statement Monday. Under the agreement with Elaine Wynn, who owns just under 9 percent of the stock, she won't significantly increase her stake, nominate more directors, or join groups seeking a takeover until 2020. She'll be reimbursed for as much as $5 million in expenses she incurred to launch a proxy fight earlier this year and negotiate the agreement.
Satre helped build Harrah's, now known as Caesars Entertainment Corp., from a regional player into the largest owner of casinos in the U.S. He currently serves as chairman of retailer Nordstrom Inc. and slot machine maker International Game Technology Plc.
18 October 2019 — Wynn Resorts announced today that Brian Gullbrants will assume the position of President of Encore Boston Harbor. Mr. Gullbrants will replace Robert DeSalvio, who decided to step down after leading the resort for the last five years, culminating in one of the most successful casino resort openings on the East Coast.
7 November 2018 — Wynn Resorts Limited (NASDAQ: WYNN) today announced that its Board of Directors, at a regular meeting yesterday, unanimously voted Philip G. Satre Chairman of the Board. Satre, an independent director who joined the Board in August 2018 as Vice Chairman, succeeds D.