General partner??? Aren't they just "employees"? How does a partner get fired? Sounds to me like another way to give someone a title without real substance, in order to make them feel important.
Steve Wynn fires Cy Waits!!!
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Victor was a co-owner, who was recently bought out. In Wynn resorts last quaterly earnsing conference, which I listened into Mr. Wynn clearly stated that his nigghtclub partners share a percentage of the profits- that is now public record as are all shareholder calls per SEC regulations. XS and Trysts operations have also greatly helped the bottom line of the company's American operations.
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