Wynn is the company's largest shareholder, with a 9% stake valued in May 2018 at nearly $2 billion. In 2018, after revelations of Steve Wynn's reported sexual harassment of multiple Wynn employees, and payments to cover up those allegations that were kept secret from the board of directors, he sold his 12% share of the company and agreed to return voting rights to Elaine Wynn (which she had signed away during their 2010 divorce agreement).
In June 2018, Wynn successfully led a shareholder proxy campaign to remove John Hagenbuch from the board, due to his conflict of interest created by ties to the company's former CEO.