The house wins as Steve Wynn, accused of sexual misconduct, steps down as CEO of Wynn Resorts
Los Angeles/Hong Kong — He was the undisputed king of Las Vegas. His signature graced the side of the city’s fanciest casino and his gravelly voice greeted callers to the hotel. But now Wynn Resorts will have to get used to life without Steve Wynn as CEO. The casino mogul, caught amid a deluge of sexual harassment allegations, stepped down on Tuesday night as chair and CEO of the company he founded, which operates opulent resorts in Las Vegas and Macau and is building another near Boston. The billionaire joins the list of powerful men who have been toppled by the allegations of sexual misconduct sweeping America’s boardrooms. Just more than a week ago, Wynn was, in many ways, the face of the US casino business after dominating it for five decades. But after a swift and crushing downfall, he’s now being mentioned in the same breath as disgraced Hollywood mogul Harvey Weinstein and has been forced to step down as the Republican National Committee’s finance chair. What’s more, his comp...
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