Written by Thomas | Tuesday, January 18th, 2011

Ultra-successful real estate mogul and casino owner Steve Wynn has had the details of his recent divorce released recently – and it looks like it’s gonna make him nearly 3/4th’s of a billion dollars lighter.

Wynn, whose famous resorts in Las Vegas and Macau bear his now-signature last name, is in absolutely no trouble financially, as his casinos and property holdings bring in billions annually.  However, he will be giving up roughly $741 million in stock options to his soon to be ex-wife, with whom he filed divorce with in March 2010.

The couple has 2 children together and it is expected that his ex-wife will remain on the board of directors for the time being, especially with her 20% in stock options she will be receiving as a settlement in the court proceedings.  It is unknown whether there was any other problems in their over 40-year marriage, other than the standard “irreconcilable differences” that have been previously stated in court documents.

While it has has been one of the roughest of times economically out in Las Vegas, Wynn’s casino properties have done moderately well.  Revenues are definitely down, however, most casinos in Vegas are all in the red as of late, with no signs of an upswing coming any time soon.  It’s Wynn’s properties out in the international gambling mecca of Macau that has been thriving as of late and keeping the billionaire’s stock on the up and up.

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