Steve Wynn Resigns as CEO of Wynn Resorts

Billionaire casino magnate Steve Wynn stepped down as CEO of Wynn Resorts, the company said. Wynn, who has donated millions to the Republican Party, was accused sexual misconduct by several people who have worked at his Las Vegas casinos, according to a report. The initial report detailed a pattern of behavior that spans decades and included accusations by employees that they were coerced by him to perform sex acts. Wynn has denied the allegations but he said in a statement from the companies board that "In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity.” Wynn said the company would continue, and "I am extremely proud of everything we have built at this company. Most of all, I am proud of our employees."

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