Steve Wynn Issues Statement

LAS VEGAS, April 5, 2016 /PRNewswire/ -- Steve Wynn, Chairman and CEO of Wynn Resorts (NASDAQ: WYNN) today through a spokesperson issued the following statement in response to the press release issued today by Elaine Wynn in reference to her amended counterclaim against Steve Wynn:

"In issuing a press release regarding the routine filing of purported supporting documents, Ms. Wynn is simply recycling the same lies and distortions she has sought to promulgate in an attempt to embarrass Mr. Wynn, his fellow Board members and colleagues. She is promising verification for these same tired allegations without delivering on them. There was no legal reason for her press release. Her only motivation is an attempt to harm Mr. Wynn and Wynn Resorts and conduct the trial of her unfounded allegations in the press rather than in court where they are destined to be proved false.

"Mr. Wynn has used every possible personal resource he has to try to address Ms. Wynn's requests, including offering to buy all or part of her stock as recently as the days immediately prior to the filing of her amended counterclaim on March 28th.

"Mr. Wynn looks forward to formal and final resolution of the matter in court and until that time will refrain from the kind of scurrilous public discourse being pursued by his ex-wife."

Contact:Joele Frank, Dan Katcher, Kelly SullivanJoele Frank, Wilkinson Brimmer Katcher212-355-4449

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SOURCE Steve Wynn