Vancouver Sun


- Business · Gambling · Las Vegas · Steve Wynn · Stephen Wynn · Wynn Resorts · Elaine Wynn

LAS VE­GAS Fac­ing in­ves­ti­ga­tions by gam­bling reg­u­la­tors and al­le­ga­tions of sex­ual mis­con­duct, bil­lion­aire casino mogul Steve Wynn has stepped down as chair­man and CEO of the re­sorts bear­ing his names.

The Las Ve­gas-based Wynn Re­sorts said Wynn’s res­ig­na­tion Tues­day was ef­fec­tive im­me­di­ately.

“In the last cou­ple of weeks, I have found my­self the fo­cus of an avalanche of neg­a­tive pub­lic­ity,” Wynn said in a writ­ten state­ment. “As I have re­flected upon the en­vi­ron­ment this has cre­ated — one in which a rush to judg­ment takes prece­dence over ev­ery­thing else, in­clud­ing the facts — I have reached the con­clu­sion I can­not con­tinue to be ef­fec­tive in my cur­rent roles.”

Wynn has ve­he­mently de­nied the al­le­ga­tions, which he at­tributes to a cam­paign led by his ex-wife. An at­tor­ney for Elaine Wynn has de­nied that she in­sti­gated the news re­port.

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