The state of Oregon is suing Steve Wynn and the board of Wynn Resorts in a latest of a series of lawsuits filed by shareholder groups against the embattled businessman and the company he found.It was reported that Oregon’s pension system had 8,506 shares of Wynn Resorts worth around $1.
A Wynn Resorts employee filed Tuesday a lawsuit against Steve Wynn and Wynn Resorts, accusing the embattled casino billionaire of sexual misconduct and the company he founded more than 15 years ago of endorsing his behavior.She is still employed at Wynn Resorts, but refused to reveal her identity.
The casino mogul has said in a separate filing to the SEC that he has no plans to sell for now.However, if he decides to sell his shares in the company, the businessman and Wynn Resorts will sign a separation of rights agreement.
Therefore, effective immediately, I have decided to step down as CEO and Chairman of the Board of Wynn Resorts, a company I founded and that I love.In the days that followed, additional stories about sexual improprieties with staff members emerged, and Wynn stock (WYNN) began taking a hit.
Massachusetts Gaming Commission Opens Probe into Casino Boss Steve Wynn Sexual Misconduct Allegations
The Massachusetts Gaming Commission confirmed Wednesday that it has launched a probe into the sexual allegations against Las Vegas casino boss Steve Wynn.The regulatory body said that a revocation of Wynn Resorts’ casino license in the state is a possibility.
The Nevada Gaming Control Board has opened a probe into the recently emerged sexual misconduct allegations against Steve Wynn, the regulatory body confirmed on Tuesday.The businessman is the founder, CEO, and Chairman of Wynn Resorts.
Republicans Urged to Return Donations from Casino Boss Steve Wynn after Sexual Misconduct Allegations
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.The Wall Street Journal published an extensive report on Friday, providing details about the casino magnate’s decades-long alleged pattern of sexual misconduct towards staff members at his company Wynn Resorts.
Las Vegas casino boss Steve Wynn is facing multiple allegations of sexual misconduct at his hotel and casino properties, the Wall Street Journal revealed in a detailed report from Friday.The company currently operates casino resorts on the Las Vegas Strip and Macau, and is building a $2.