Gov. Baker Defers To Mass. Gaming Commission To Handle Wynn Resorts Matter

Wynn Resorts probes sexual misconduct claims against boss

Wynn Resorts shaken by misconduct claims against founder

Governor Charlie Baker called the charges and allegations against Steve Wynn "distressing and appalling".

The major gambling company now operates properties on the Las Vegas Strip and Macau, and is building a $2.4-billion integrated resort near Boston.

Wynn Resorts' board says it has launched an investigation into the allegations made against its CEO, saying it is "committed to operating with the highest ethical standards and maintaining a safe and respectful culture".

Republicans have been scrambling since the Journal's story, which claimed that Wynn pressured employees into sexual acts, among other allegations. It was Wynn's company that built the Golden Nugget, The Bellagio and Mirage Resorts in the heart of town.

Real estate and casino magnate Steve Wynn relinquished his duties as finance chairman for the Republican National Committee on Saturday after The Wall Street Journal reported an alleged pattern of sexual misconduct and sexual assault involving employees of Wynn Resorts.

Wynn Resorts is a publicly traded company governed by a board of directors. With Wynn Resorts, he opened the Wynn Las Vegas in 2005 and the Encore Las Vegas in 2008.

Wynn Resorts, Limited (Wynn Resorts) is a developer, owner and operator of destination casino resorts that integrate accommodations and a range of amenities, including dining outlets, retail offerings, entertainment theaters and meeting complexes.

In a lengthy statement, Wynn and his company both attributed the allegations to a campaign led by Wynn's ex-wife, Elaine Wynn. "It is deplorable for anyone to find themselves in this situation".

"Effective today I am resigning as Finance Chairman of the RNC", Wynn said in a statement on Saturday.

The RNC has not responded to NPR's request for comment about the resignation. "We believe some of the reaction in shares... stems from the significant level of detail provided in the Wall Street Journal article, which in and of itself has likely created a somewhat emotional market response". Instead, the newspaper said it sought out more than 150 people who had worked for Wynn, many of whom did not want to go on record for fear of losing their jobs. Roth Capital upped their price objective on Wynn Resorts from $167.00 to $210.00 and gave the stock a "buy" rating in a report on Tuesday, January 23rd.

The septuagenarian billionaire casino mogul, a business rival to President Trump but also a donor to "The Donald's" political campaigns, has donated US$2.4mln to Republican causes over the past five years and more than US$1.2mln to the RNC this century, ABC News reported. Among his 2017 beneficiaries are Sen. The firm's quarterly revenue was up 29.9% compared to the same quarter last year. sell-side analysts predict that Wynn Resorts will post 7.73 earnings per share for the current fiscal year. Ron Johnson says his campaign will be donating $5,400 it received from Wynn to Christine Ann Domestic Abuse Services in Oshkosh.

GOP Senators have urged Republican colleagues to return any donations they had received from casino boss Steve Wynn, after multiple sexual harassment allegations surfaced against him late last week.

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