Las Vegas casino billionaire Steve Wynn announced on Tuesday he was stepping down as chairman and CEO of his company Wynn Resorts following allegations of decades of sexual misconduct. “In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity,” Mr. Wynn said in a statement.
“As I have reflected upon the environment this has created — one in which a rush to judgment takes precedence over everything else”.
The 76-year-old former business rival turned political ally of President Donald Trump resigned late last month from his role as Republican National Committee finance chairman, a post he had assumed after Trump took office in January 2017.
Mr. Wynn has denied the allegations, and accused his ex-wife Elaine of instigating the accusations as part of a “terrible lawsuit” seeking a revised divorce settlement.
He has been a prolific Republican donor whose empire includes casinos in Macau.
