Wynn Resorts (NASDAQ:WYNN) says former CEO Steve Wynn is not entitled to severance payments or any other form of compensation.
Under the terms of a separation struck between the casino operator and Wynn, he agrees not to compete against the company for two years.
A rights agreement is also in place covering the sales of Wynn's shares if he decide to unload his position in the company he founded.
WYNN +0.60% premarket to $165.00.
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