Wynn Resorts CEO calls sexual misconduct accusations ‘preposterous’

Steve Wynn, Chairman and CEO of Wynn Resorts, speaks during the Milken Institute Global Conference in Beverly Hills May 3, 2017. — Reuters pic

Steve Wynn, Chairman and CEO of Wynn Resorts, speaks during the Milken Institute Global Conference in Beverly Hills May 3, 2017. — Reuters pic

NEW YORK, Jan 27 — Major US casino conglomerate Wynn Resorts stock plunged over 10 per cent yesterday following a Journal report detailing CEO Steve Wynn’s alleged sexual misconduct.

But in a statement to the media, the casino mogul said, quote, “The idea that I ever assaulted any woman is preposterous.”



The Wall Street Journal detailed one incident of a manicurist who claims she was forced to have sex with Steve Wynn shortly after the flagship Wynn Las Vegas opened in 2015.

The report, citing people familiar with the matter, said that she was later paid a US$7.5 million settlement. It also detailed several other incidents of alleged sexual misconduct with employees.

The Journal said it contacted over 150 people who work or had worked for Steve Wynn for the story.

Reuters could not independently verify the allegations.

In his statement yesterday, Steve Wynn said, quote, “the instigation of these accusations is the continued work of my ex-wife Elaine Wynn, with whom I am involved in a terrible and nasty lawsuit in which she is seeking a revised divorce settlement.” — Reuters

Source: The Malay Mail Online





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