BUSINESS
01/27/2018 03:23 pm ET Updated Jan 27, 2018

Steve Wynn Steps Down As RNC Finance Chair Amid Sexual Harassment Allegations

The billionaire was accused of decades of sexual abuse in a bombshell Wall Street Journal report published on Friday.

Billionaire Steve Wynn resigned his post as finance chair for the Republican National Committee on Saturday, one day after The Wall Street Journal reported numerous allegations of him sexually harassing employees at his Las Vegas casinos over several decades.

RNC chairwoman Ronna McDaniel issued a brief statement to HuffPost on Wynn’s resignation. 

“Today I accepted Steve Wynn’s resignation as Republican National Committee finance chair,” she said. Picked by President Donald Trump, Wynn served in his position for just one year. 

On Friday, The Wall Street Journal published sexual harassment accusations against Wynn stemming from interviews with dozens of current and former employees who said they had experienced or witnessed abuse by the billionaire. His actions allegedly ranged from unwanted touching to soliciting sex acts from women who worked in service jobs at his establishments.

In one case, Wynn reached a $7.5 million settlement with a woman who gave him a manicure in 2005. She filed a report saying he tried to pressure her into sex.

Wynn vehemently denied the accusations and issued a statement that, in part, blamed his ex-wife for spreading the story. She is currently suing Wynn over stock shares. 

“The idea that I ever assaulted any woman is preposterous,” Wynn, 76, said in the statement.

“We find ourselves in a world where people can make allegations, regardless of the truth, and a person is left with the choice of weathering insulting publicity or engaging in multi-year lawsuits,” Wynn said. “It is deplorable for anyone to find themselves in this situation.”

The casino owner threw his support behind Trump in the 2016 election, donating around $833,000 to Republican funds, according to Forbes. The RNC has not said whether it will return Wynn’s money. The organization previously called on the Democratic National Committee to return the donations it had received from alleged sexual abuser Harvey Weinstein.

As CEO of Wynn Resorts, Wynn operates the Wynn and Encore resorts in Las Vegas, two establishments in Macau and one in Boston that is still under construction.

Wynn Resorts stock fell 10 percent after the Journal published its report on Friday. 

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