Politics

Wynn Loses Millions, Resigns GOP Position After Gross Sexual Allegations

Daily Caller News Foundation logo

Las Vegas casino mogul Steve Wynn has resigned his position as chair of the Republican National Committee (RNC) finance chair, one day after allegations that he sexually harassed a number of female employees.

Wynn, who turned 76 Saturday, saw his net worth plummet by at least $250 million after stock in his company, Wynn Resorts, dropped 10 percent following The Wall Street Journal’s report of the allegations, Forbes magazine reports.

RNC committee members will be notified of Wynn’s resignation Saturday. “Today I accepted Steve Wynn’s resignation as Republican National Committee finance chair,” RNC chair Ronna Romney McDaniel told The Daily Caller News Foundation in a statement. President Donald Trump selected Wynn to lead the party’s fundraising operations in January 2017.

ALSO WATCH: Hillary Clinton reportedly shielded faith advisor from sexual misconduct allegations

The Democratic Party has wasted no time pointing out that Republican politicians should return money raised from Wynn, who has donated $248,000 to the RNC, $411,000 to the National Republican Senatorial Committee and $100,000 to the National Republican Congressional Committee in the past five years.

“The RNC and Ronna McDaniel have helped fund the campaign of an alleged child molester, blindly supported the GOP’s attacks on women’s health, supported a President who has been accused of sexual misconduct by over a dozen women — and now they remain silent amid sexual assault allegations involving Steve Wynn, one of their party’s most senior officials,” Sabrina Singh, deputy communications director for the Democratic National Committee, told CNN.

One former employee alleges that Wynn told a woman who worked for him, “So when are you going to come into my office and fuck me?” Wynn also reportedly pressured a massage therapist and a manicurist to have sex with him on multiple occasions, according to the WSJ.

Wynn’s office denied the reports Friday, claiming the allegations could be an effort by Wynn’s ex-wife, Elaine, to gain leverage in divorce proceedings.

“The recent allegations about Mr. Wynn reflect allegations made in court hearings by Mr. Wynn’s ex-wife, Elaine Wynn, in her legal battle with him and the company,” Wynn Resorts told CNBC in a statement. “It is clear that Mr. Wynn’s ex-wife has sought to use a negative public relations campaign to achieve what she has been unable to do in the courtroom: tarnish the reputation of Mr. Wynn in an attempt to pressure a revised divorce settlement from him.”

Follow Thomas Phippen on Twitter

Send tips to thomas@dailycallernewsfoundation.org.

Freedom of Speech Isn’t Free
The Daily Caller News Foundation is working hard to balance out the biased American media. For as little as $3, you can help us. Make a one-time donation to support the quality, independent journalism of TheDCNF. We’re not dependent on commercial or political support and we do not accept any government funding.

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org.