..

Steve Wynn Resigns as CEO of Gambling Empire Amid Sex Misconduct Claims

Written by:
Guest
Published on:
Feb/07/2018

(Associated Press) - Steve Wynn has stepped down as CEO of the gaming empire he founded in the wake of a sex harassment scandal, the casino mogul and Wynn Resorts said in a joint statement tonight.

“In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity,” Wynn was quoted as saying in the statement. “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. Therefore, effective immediately, I have decided to step down as CEO and Chairman of the Board of Wynn Resorts, a company I founded and that I love.”

Wynn’s fall comes after a Wall Street Journal report last month, citing interviews with 150 current and former Wynn employees, that described a history of alleged sexual harassment, including a $7.5 million payment to a manicurist who claimed he had assaulted her. He had already stepped down as the GOP's top fundraiser.

The Massachusetts Gaming Commission, which is investigating how its background check missed the allegations, said in a statement tonight: “The Commission has been made aware of Steve Wynn’s resignation as CEO and Chairman of Wynn Resorts. The Commission and MGC staff will now need to assess the overall impact and implications of this significant development, and the IEB (Investigations and Enforcement Bureau) will maintain its focus on the ongoing” probe.

Wynn Resorts said it “will continue to fully focus on its operations at Wynn Macau, Wynn Palace and Wynn Las Vegas; the development and opening of the first phase of Wynn Paradise Park, currently under construction on the former Wynn golf course (in Las Vegas); as well as the construction of Wynn Boston Harbor, which will open in (Everett) June 2019.”

Wynn Resorts said it’s board of directors has appointed Matt Maddox, currently president, as its CEO, and Boone Wayson as non-executive chairman, effective immediately.

Gambling News

Sports Betting Briefs: Don't Hold Your Breath on Alabama

Sports Betting Briefs: Don't Hold Your Breath on Alabama

A four-package bill has just gotten through Alabama Senate after falling short by two votes.  All it took was a little tweaking. 

Odds on Who Jake Paul Will Fight Next

Odds on Who Jake Paul Will Fight Next

Social media mogul turned pro boxer Jake Paul made quick work of Ben Askren on Saturday night, and now many are speculating who will be up next for a quick payday in the ring.  SportsBetting.ag has set odds for Jake Paul’s next opponent, and there are some intriguing names on the list of a dozen fighters.

Sports Betting Briefs: Jake Paul Fight Big for Books, NFL Gets Cozy With Sports Betting

Sports Betting Briefs: Jake Paul Fight Big for Books, NFL Gets Cozy With Sports Betting

Though it may have seemed silly at the time, the fight between social media influencer Jake Paul and UFC fighter Ben Askren turned into a big win for the books.  Plus a $603K slots jackpot hits and casinos getting back to pre-pandemic numbers.

March Gambling Revenue Soars After 2020 Virus Shutdown

New Jersey’s casino and sports betting revenue more than doubled in March compared from year ago — but that’s because the emerging pandemic shut down casinos for the second half of the month last year.

UEFA Europa League Season Recap So Far

UEFA Europa League Season Recap So Far

Everyone's attention is usually focused on the UEFA Champions League season after season, but let's not forget that there's another tournament that is just as exciting and where teams fight to prove they do belong among Europe's best, and it's UEFA Europa League. 

Syndicate