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Aug. 18, 2009 / 3:46 PM

Steve, Elaine Wynn sell 2 million shares

American casino resort developer Steve Wynn attends the Sons of Italy 20th anniversary gala in Washington on May 22, 2008. Wynn is credited with revamping expansion of the Las Vegas, Nevada, Strip in the 1990s. (UPI Photo/Alexis C. Glenn)

1 of 2 | American casino resort developer Steve Wynn attends the Sons of Italy 20th anniversary gala in Washington on May 22, 2008. Wynn is credited with revamping expansion of the Las Vegas, Nevada, Strip in the 1990s. (UPI Photo/Alexis C. Glenn) | License Photo

LAS VEGAS, Aug. 18 (UPI) -- Wynn Resorts says Las Vegas casino mogul Steve Wynn and his wife, Elaine, sold 2 million shares of common stock in the company as part of their pending divorce.

The sale took place Aug. 14 at $57 per share and represented less than 10 percent of the couple's holdings in the company, which includes the Wynn Las Vegas, Encore and Wynn Macau properties.

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"The shares were sold to provide liquidity in anticipation of the change in their marital status," the company said in a written statement Tuesday.

The Wynns filed for divorce in March.

Wynn Resorts traded above $100 per share much of last year.

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