Steve Wynn Resigns From Company Amid Sexual Misconduct Allegations<br />In a statement, the company’s board said it had accepted Mr. Wynn’s resignation “reluctantly.”<br />“Steve Wynn is an industry giant,” Boone Wayson, nonexecutive director of the board, said in the statement.<br />Mr. Wynn has denied all the allegations, calling them “preposterous.”<br />Within a day of the article’s publication, Mr. Wynn, a major Republican donor, stepped down as finance chairman of the Republican National Committee.<br />He played the pivotal role in transforming Las Vegas into the entertainment destination it is today.”<br />Mr. Wynn’s mark on Las Vegas is indelible.<br />After Mr. Wynn announced his resignation on Tuesday, the commission said it would “need<br />to assess the overall impact and implications of this significant development.”<br />Trading on shares of Wynn Macau was halted in Hong Kong early Wednesday in response to the announcement.<br />In a statement, Mr. Wynn said he was stepping down<br />because “an avalanche of negative publicity” had created an environment “in which a rush to judgment takes precedence over everything else, including the facts.”<br />He will be replaced by Matt Maddox, who has been president of Wynn Resorts since 2013.<br />The casino mogul Stephen Wynn resigned Tuesday as chairman<br />and chief executive of his company, Wynn Resorts, in response to sexual misconduct allegations spanning decades.
