LAS VEGAS (LALATE) – UPDATE. Steve Wynn fired Cy Waits (photos below) claim more reports today. Steve Wynn had promoted Cy Waits and twin Jesse just Wednesday to a new position that inked them top positions both in Hollywood and Las Vegas just last Wednesday. When reached, Wynn Resorts (NASDAQ: WYNN) refused to comment, noting reports about Waits were “unsubstantiated”.
Insiders note that Wynn typically doesn’t comment about employment issues of this nature to the news.
Last Wednesday, that was much the case when Wynn refused to comment about a buyout of Victor Drai. Drai is now talking out about the abrupt change. Harrah’s makeover of Bill’s Gamblin’ Hall & Saloon (formerly the Barbary Coast) was among the reasons for Drai agreeing to a Wynn buyout deal on Wednesday, confirms Drai to LALATE’s favorite Vegas insider, Norm Clarke. The Drai-Wynn buyout prohibited Drai personnel from hiring any Wynn employees for two years. Norm reports that Cy Waits is now out of all Drai businesses like Drai’s Afterhours at Bill’s (Las Vegas) and Drai’s W Hotel (Hollywood).
The Waits had been top execs with Drai since Wynn turned to Drai to convert La Bete to Tryst inside the Wynn Resort. News were quick to dub the Waits brothers as “moguls” for their spot as managing partners at Tryst Nightclub (Wynn Las Vegas), Drai’s (Las Vegas) and XS Nightclub (Encore Las Vegas).
Yet, KSNV-TV, Channel 3, reporter Alicia Jacobs twittered yesterday Cy Waits has “100 percent … absolutely [been fired]”. Jacobs reveals that Wait and Hilton were offered a limo at the Caesar’s Palace. Hilton’s response was “No, my boyfriend will be driving us tonight.” E!, which first reported Wynn firing the Waits. E! noted that “Wynn has a zero-tolerance policy with their club execs when it comes to brushes with the law.”
A Wynn source tells Norm that the report of Wait’s firing is “unsubstantiated” and added “Wynn has nothing new to report or share on the situation.”