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Wynn Still Wooing Country Club

LAS VEGAS -- Las Vegas developer Steve Wynn on Tuesday reiterated his interest in buying the Las Vegas Country Club and reassured members he will ensure each one would net $70,000 from a sale to his golfing subsidiary.

However, Wynn also challenged a recent change in club bylaws to require a two-thirds vote to remove any board member.

While Wynn claims not enough votes were cast to make the change in the by-laws, he said the poison pill changes were made.

In his Tuesday letter to club members, Wynn said good-faith negotiations can best be pursued by the appointment of a board designee or committee with the authority to enter an agreement considered in the best interest of club members.

However, Wynn said he is only interested in negotiating if a majority of the board or a majority of club members want to discuss the possible sale.

Wynn and Las Vegas Country Club General Manager Dale Telford were unavailable Tuesday evening to discuss Wynn's latest letter.

In June, Wynn offered to buy the country club for $50,000 per membership, or $40 million, in what the board has called a hostile takeover attempt.

In July, he upped the ante to $70,000 per membership, or $52.5 million.

The country club board has voted to let Wynn's previous offers expire.

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