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Casino mogul Steve Wynn resigns from Wynn Resorts

He just can’t Wynn for losing.

Billionaire Steve Wynn resigned Tuesday from his namesake company following allegations he sexually harassed and assaulted female employees over several decades.

“I have found myself the focus of an avalanche of negative publicity,” the 76-year-old casino mogul said.

“As I have reflected upon the environment this has created — one in which a rush to judgment takes precedence over everything else, including the facts — I have reached the conclusion I cannot continue to be effective in my current roles.”

Wynn reportedly wanted grandma sex so he could ‘see how it feels’

Wynn — an influential Republican mega-donor — said he will step down from his role as CEO and chairman of Wynn Resorts. He had already resigned from his post as finance chairman of the Republican National Committee.

Wynn’s downfall began last month when The Wall Street Journal reported that dozens of people had accused the mogul of sexually inappropriate behavior.

One employee who worked at the Wynn Las Vegas said he pressured her into sex after she gave him a manicure in 2005.

Wynn later created a limited-liability company called Entity Y to conceal a $ 7.5 million settlement he paid to her, according to the newspaper.

Another masseuse said Wynn exposed himself during private massages and pressured her into pleasuring him on a regular basis.


The board of directors for Wynn Resorts has appointed Matt Maddox, the president of the company, as its CEO effective immediately.

(John Locher/AP)

He later asked her to perform oral sex on him and gave graphic details about how he wanted it done — a request she rejected, she said.

Other employees claim they hid in bathrooms or faked appointments to avoid being alone with Wynn.

The billionaire previously said the accusations were instigated by his former wife Elaine Wynn, with whom he is involved in what he has called a “terrible and nasty” lawsuit over a divorce settlement.

President Trump called Wynn “a great friend” during the 2016 presidential campaign.

But following the bombshell report, prominent members of the GOP distanced themselves from Wynn. Some began returning his campaign donations.

He also faces investigations by gambling regulators in two states.

Wynn Resorts said Matt Maddox, president of the company, will serve as CEO effective immediately.

Details of Wynn’s separation agreement were not immediately disclosed.


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