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Wynn Resorts Ltd. (WYNN) Is Rising After CEO Steve Wynn Resigns

Wynn Resorts Ltd. (WYNN) announced after the bell Tuesday that it accepted the resignation of Steve Wynn as CEO and Chairman of the Board of Directors. The board has appointed Matt Maddox, currently President of the Company, as its CEO, and Boone Wayson as Non-Executive Chairman of the Board of Directors, effective immediately.

Wynn Resorts gapped open sharply higher Wednesday morning and is now up 12.81 at $176.03. The stock has risen to nearly a 1-week high.

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