Monday, Dec. 27, 2010 | 6:18 p.m.
Wynn Resorts Ltd. on Monday said Chairman and Chief Executive Steve Wynn has agreed to serve as an outside director for a joint venture between the governments of Monaco and Qatar, and in the process Prince Albert II of Monaco has conferred Monegasque citizenship upon Wynn.
Wynn, however, has not renounced his American citizenship and remains both a U.S. citizen and taxpayer, said a statement issued by Wynn Resorts spokeswoman Jennifer Dunne.
Wynn Resorts didn't immediately provide details on the nature of the joint venture.
"His Monegasque citizenship was pursued as a result of this appointment," to the board of the joint venture, said the statement from Dunne.
In August it was announced that Qatar and Monaco had formed a joint venture international company, Monaco QD International Hotels and Resorts Management, to acquire and manage hotels and resorts in Europe, the Middle East and North America. It was unknown late Monday if that's the company Wynn has agreed to be a director of.
News of Wynn's Monegasque citizenship was initially spread Monday by Robert Eringer, a blogger critical of the Monaco government who has been in litigation with Monaco.