In response to an avalanche of sexual misconduct allegations, casino mogul Stephen Wynn, 76, resigned as chairman and chief executive of Wynn Resorts on Tuesday. Matt Maddox, who has been president of Wynn Resorts since 2013, will become the new CEO.
The Wall Street Journal conducted an investigation on Wynn and published their findings last month. The Journal claimed that Wynn had harassed his female employees, demanding them to masturbate him or massage him in the nude, and coerced them into sexual intercourse for decades.
After one day since the article was published, Wynn quit his position as finance chairman of the Republican National Committee. Shortly after, the University of Pennsylvania took away his honorary degree.
Wynn has left a glowing legacy in Las Vegas. From opening the Mirage in 1989, the Bellagio, and the Wynn Hotel and Encore towers, he was responsible for turning the Vegas Strip into something more than a gambler’s paradise. He paved the way for fine dining, extravagant shopping, and top-of-the-line entertainment to make Vegas what it is today.
How Sexual Misconduct Allegations Can Affect Your Life
Steve Wynn is the latest in a growing series of powerful men, from the film industry to politics, who have been accused of sexual assault or misconduct since movie mogul Harvey Weinstein’s allegations came to light in October. Many have signed or been fired as a result of these accusations—without any legal merit.
Even if found to be false in a legal proceeding, allegations of sexual misconduct can be damaging to defendant. These accusations can ruin a person’s reputation in his or her community, result in job termination, and significantly damage family relationships.