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| Casino mogul Steve Wynn resigns as CEO after sexual harassment claims | Casino mogul Steve Wynn resigns as CEO after sexual harassment claims |
| (1 day later) | |
| Wynn, who has also stepped down as finance chairman of Republican National Committee, has denied accusations as ‘preposterous’ | |
| Reuters | |
| Wed 7 Feb 2018 04.05 GMT | |
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| US mogul Steve Wynn has resigned from his casino company Wynn Resorts, as the billionaire battles claims that he routinely subjected women who worked for him to unwanted sexual advances. | US mogul Steve Wynn has resigned from his casino company Wynn Resorts, as the billionaire battles claims that he routinely subjected women who worked for him to unwanted sexual advances. |
| Wynn has denied the accusations, published by the Wall Street Journal, as “preposterous” and said they were instigated by his ex-wife to seek advantage in their divorce lawsuit. | Wynn has denied the accusations, published by the Wall Street Journal, as “preposterous” and said they were instigated by his ex-wife to seek advantage in their divorce lawsuit. |
| He resigned as the finance chairman of the US Republican party’s fundraising arm, the Republican National Committee, in January. | He resigned as the finance chairman of the US Republican party’s fundraising arm, the Republican National Committee, in January. |
| “In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity … I have reached the conclusion I cannot continue to be effective in my current roles,” Wynn said in a statement. | “In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity … I have reached the conclusion I cannot continue to be effective in my current roles,” Wynn said in a statement. |
| The company said it had appointed Matt Maddox, its president since 2013, as CEO and Boone Wayson as non-executive chairman effective immediately. | The company said it had appointed Matt Maddox, its president since 2013, as CEO and Boone Wayson as non-executive chairman effective immediately. |
| Maddox has also been a non-executive director of Wynn Macau Ltd, a majority owned subsidiary of the Las Vegas-based company. Until 2014, Maddox was also its chief financial officer, according to the company website. | Maddox has also been a non-executive director of Wynn Macau Ltd, a majority owned subsidiary of the Las Vegas-based company. Until 2014, Maddox was also its chief financial officer, according to the company website. |
| Trade in shares in Wynn Macau were halted on Wednesday morning. | Trade in shares in Wynn Macau were halted on Wednesday morning. |
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