The casino mogul Stephen Wynn resigned Tuesday as chairman and chief executive of his company, Wynn Resorts, in response to sexual harassment allegations spanning decades.
“It is with a collective heavy heart that the board of directors of Wynn Resorts today accepted the resignation of our founder, C.E.O. and friend Steve Wynn,” Boone Wayson, nonexecutive director of the board, said in a statement. “Steve Wynn is an industry giant. He is a philanthropist and a beloved leader and visionary. He played the pivotal role in transforming Las Vegas into the entertainment destination it is today. He also assembled a world-class team of executives that will continue to meet the high standards of excellence that Steve Wynn created and the Wynn brand has come to represent.”
Mr. Wynn said in the statement that he was stepping down because “an avalanche of negative publicity” had created an environment “in which a rush to judgment takes precedence over everything else, including the facts.”
A Wall Street Journal investigation, published late last month, found that Mr. Wynn had harassed female employees for decades. Among other things, he was accused of pressuring women for sex and of demanding that they masturbate him or massage him naked. He denied the allegations.