RNC finance chair Steve Wynn resigns amid sexual assault accusations
- Author: Rogelio Becker Jan 30, 2018,
Jan 30, 2018, 1:12
Governor Charlie Baker called the charges and allegations against Steve Wynn "distressing and appalling".
Due to sit on 33 acres of land along the banks of the Mystic River in the Boston suburb of Everett, the completed 29-story Wynn Boston Harbor Resort is expected to offer in excess of 620 rooms as well as a large casino with some 3,000 slots and an extensive selection of gaming tables.
Las Vegas casino mogul Steve Wynn has resigned from his position as finance chairman for the Republican National Committee amid controversy over sexual misconduct allegations.
On Friday, the Wall Street Journal reported several employees' accounts of the chief executive of Wynn Resorts Ltd. committing sexual misconduct. Wynn Resorts, Limited disclosed in a document filed with the US Securities and Exchange Commission (SEC) that President Maddox Matt has sold 59,260 shares of Wynn Resorts, Limited (WYNN) in trading session dated November 13, 2017.
The casino giant's stock fell 6.58% at $168.42 per share in pre-market trading.
"We believe risk to the outlook has increased as well, with recent allegations about the CEO prompting an investigation by the co's board as well as reviews by gaming regulators in Nevada & MA", analyst Robin Farley wrote Monday. Lindsey Graham told the ABC on Sunday that if the allegations have merit, politicians should return the money they had been donated. Sen. He has been a high-volume Republican donor, and led fundraising activities of the RNC during President Donald Trump's first year, helping the committee earn more than $130 million. Wynn has denied the accusations.
But he said in a statement released on Saturday evening that he was resigning to avoid unnecessary distraction.
The Gaming Inspection and Coordination Bureau did not immediately respond to a request for comment. Instead, the newspaper said it sought out more than 150 people who had worked for Wynn, many of whom did not want to go on record for fear of losing their jobs.
"Steve Wynn is probably the most well-known gaming executive in the country, if not the world", a 2013 state report on Wynn's suitability for a MA casino license said.
In a lawsuit filed by his ex-wife Elaine Wynn against Wynn and his company, she referenced the alleged 2005 incident with her ex-husband and the manicurist. Sinatra Kimmarie also sold $3.08 million worth of Wynn Resorts, Limited (NASDAQ:WYNN) shares.
Due to the fact that Wynn is responsible for contributing almost $2.4 million to GOP candidates and party organizations since 2013 and led the RNC in raising more than $130 million a year ago, Democrats have begun to question whether any Republicans will return those tainted donations.