Steve Wynn may liquidate his Wynn Resorts shares

Steve Wynn
Photo: Daniel Zuchnik/WireImage

Steve Wynn may sell part or all of his shares in Wynn Resorts, according to an SEC filing. He stepped down as CEO of the company last month after the Wall Street Journal reported on allegations of sexual misconduct.

Wynn has been under pressure to sell his shares since the story broke and the WSJ reports a decision to sell could set off "a scramble to control the $19 billion casino company."