Wynn resorts says chief operating officer Schorr to retire

Wynn Resorts Ltd. (WYNN), the casino operator run by billionaire Steve Wynn, said Chief Operating Officer Marc Schorr will retire effective June 1.

Wynn Resorts, which didn’t give specific reasons for Schorr’s departure, said that he told the company of his intention to retire on March 27 and that an agreement was reached that day on departure terms. Schorr also will resign all other positions at the company and its subsidiaries or affiliates, the company said in a filing today.