Billionaire Steve Wynn steps down as RNC Finance Chair Amid sexual assault Claims
By: Jennifer Adams, Xiro Xone News January 29, 2018 Updated: 6:27 AM PT
Hotel Casino billionaire Steve Wynn has resigned as finance chairman for the Republican National Committee (RNC) after multiple allegations of sexual assault and harassment against him.
RNC Chairwoman Ronna McDaniel issued a statement saying, "Today I accepted Steve Wynn's resignation as Republican National Committee Finance Chair.” Wynn’s departure was first reported by Politico.
The 76 year old hotel mogul released a statement denying the allegations saying “The idea that I ever assaulted any woman is preposterous.”
The Wall Street Journal reported Friday that Wynn paid $7.5 million to settle claims brought by a former employee at his Las Vegas resort who said he pressured her to have sex with him.
The report also contained a number of other allegations of sexual misconduct by other people who shared similar accounts of his alleged abuse.
Wynn and President Donald Trump, who were once fierce rivals in the hotel business, have now become allies after Trump asked him to become the RNC’s finance chairman before the inauguration.
Wynn Resorts board of directors announced Friday evening that a committee has been formed to look into the allegations, as sighted I the Wall Street Journal report.
"The Board is deeply committed to ensuring the safety and well-being of all of the Company’s employees and to operating with the highest ethical standards,” the statement read.