It has emerged that Steve Wynn; the CEO of Wynn Casino Resorts played a big role in the Donald Trump inauguration.
The Commission of Securities and Exchange filed a report this week saying that Wynn authorized the transfer of $7 million of his shares in Wynn Casino Resorts to a party that the commission did not disclose barely 30 days before January 20, 2017, the day when Trump was sworn in.
Wynn’s move comes as a surprise to many bearing in mind that days before Trump was elected president, he went on record saying that his was only ‘sitting’ on the fence, a term that could mean he did not have anything to do with The President of The United States of America Donald Trump.
However, with the new revelation, things seen to be opposite, he indeed had a lot to do with Trump’s election and his journey to the White House.
On the filing, the money was indicated as being a charitable gift. If that is what we can believe, then the two business moguls have indeed made real money casino betting sites a goldmine for years.
But on what will shock many Americans who are much into gaming, why could Wynn assert that he did not have anything to do with Trump, his former business opponent but friend, only to give his ‘charitable gift’ when the people of America have made their decision?
One reason that supports the new finding is that out of all the supporters who helped Donald to sail through to the big office in the land, Steve had a relatively larger share. In fact, he was one of the top members in Trump’s first list that helped organize for the man’s inauguration.
Wynn was among the small but ‘close’ group that helped raise over $90 million that helped during the inauguration.
It is likely that because of his support to the president, Wynn got his new post as the Chair of Finance in the RNC, leaving most of the job at the Wynn Resorts to be handled by Christopher Carr, on the capacity of a senior vice president.
Carr is likely to shoulder up much responsibilities as the senior vice president. He will now handle community development initiatives, act as a liaison with government relations, expand Wynn Resorts Employee Foundation, and carry on with charitable giving on behalf of the Wynn Resorts.
Not A Surprise
With the new president who understands the gaming industry, it was expected that he would act with leniency towards gambling legislations.
During the campaign period, Wynn spoke optimistically about the president, if he could be elected.
“I’m really craving for a time the U.S. will have a more substantive person who understands this business. Then, I will be honored to have a balanced economic and political conversation with a man who understands U.S. economy,” Wynn said. Read how the Trump Taj Mahal Was Up For Sale As The World Entered the 2017 New Year’s Eve.
Wynn Resorts Legal Battle
Meanwhile, Steve Wynn’s ex-wife has had a rough time trying to have an equal share of the Wynn Casino Resorts.
A judge in Nevada deliberately barred Elaine’s lawyers from court when they were trying to deduce what they feel about their client.
On a statement, Elizabeth Gonzalez, a District Judge said, “I have been forced to hear multiple stories whenever I sit to listen to this case.”