Steve and Elaine Wynn's divorce is not expected to lead to a break-up of Wynn Resorts.

According to local reports, Elaine will continue to have a role within the company but will be required to get a gaming licence as a major shareholder. She has also been nominated for re-election to the company’s board for another three-year term, while it is understood that she will be entitled to half of the pair’s 21 per cent stake in the company.

In his divorce complaint, Steve, believed to have a net worth of $1.5bn, stated that he wanted to "amicably and fairly resolve" the marriage.