Steve Wynn Resigns from Wynn Resorts amid Allegations of Sexual Misconduct
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. He will be replaced by Matt Maddox, who has been president of Wynn Resorts since 2013.
Considered one of the most magnetic and polarizing figures in the gambling industry, he was the subject of a comprehensive Wall Street Journal investigation published 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.
In one instance, a manicurist said that when she went to Wynn’s office for an appointment in 2005, he pressured her to take off her clothes, lie on his table and have sex. After the incident, she told co-workers and filed a human resources report. In the end, Wynn paid her a $7.5 million settlement.
Within a day after the article was published, Wynn—who is considered a major Republican donor—stepped down as finance chairman of the Republican National Committee. Shortly after, the University of Pennsylvania revoked his honorary degree and removed his name from a campus plaza and scholarship.
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.