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2009-08-18 14:46:57

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


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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