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Steve Wynn accused of sexual misconduct in WSJ, resort shares plunge

Shares of Wynn Resorts plunged more than 10% Friday after a Wall Street Journal story detailing numerous allegations ...

Posted: Jan 27, 2018 1:22 PM
Updated: Jan 27, 2018 1:22 PM

Shares of Wynn Resorts plunged more than 10% Friday after a Wall Street Journal story detailing numerous allegations against founder and CEO Steve Wynn.

Wynn denied the charges in the Journal story.

"The idea that I ever assaulted any woman is preposterous," he said in a statement that the company sent to CNN. "We find ourselves in a world where people can make allegations, regardless of the truth, and a person is left with the choice of weathering insulting publicity or engaging in multi-year lawsuits. It is deplorable for anyone to find themselves in this situation."

But the Journal said it had spoken to more than 150 current and former employees as part of its reporting.

Steve Wynn allegations: Here's his response

The Journal story says that one married manicurist received a $7.5 million settlement from Wynn after she complained in 2005 that she had been ordered by Wynn to have sex, even though she told him she was married and did not want to have sex. The story said her supervisor told the paper that after the incident she filed a detailed report to the casino's human-resources department recounting the episode.

According to the Journal's story, the broad terms of the incident and payment were referenced in a heavily redacted lawsuit that was filed by Wynn's ex-wife, Elaine Wynn, in 2012. She is seeking to lift restrictions on her sale of Wynn Resorts shares. According to the paper, a Wynn corporate attorney said in a court hearing that there were "allegations of assault." But the paper said details of the incident with the manicurist and the amount of the settlement had not previously been reported.

The company said it is "committed to operating with the highest ethical standards and maintaining a safe and respectful culture." It said it has a hotline any employee can use anonymously to make a complaint about sexual harassment or misconduct. "Since the inception of the company, not one complaint was made to that hotline regarding Mr. Wynn," said the statement.

Wynn Resorts alleges that the Journal story is a result of an effort by Elaine Wynn to "tarnish the reputation of Mr. Wynn in an attempt to pressure a revised divorce settlement from him." Steve Wynn echoed that claim in the statement he provided to CNN.

The Journal story quoted Elaine Wynn's attorney as saying the claim that she instigated the Journal's article "is just not true."

The story also says that a massage therapist reported that Wynn regularly demanded that she "massage" his penis to climax during each session. She said that when he later demanded she perform oral sex on him, she refused, and when she told him she was uncomfortable with his requests, he stopped asking for massages from her.

Wynn, who turns 76 on Saturday, is the first CEO and founder of a major publicly-traded company to face such charges, although a growing number of men in business in have been accused of sexual misconduct in the last year.

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 319115

Reported Deaths: 7353
CountyCasesDeaths
DeSoto22246264
Hinds20612421
Harrison18342316
Rankin13855282
Jackson13666248
Madison10213224
Lee10050176
Jones8452167
Forrest7810153
Lauderdale7253242
Lowndes6488149
Lamar632288
Lafayette6295120
Washington5412136
Bolivar4833133
Panola4659110
Oktibbeha465898
Pearl River4591146
Marshall4571105
Warren4436121
Pontotoc424573
Union415576
Monroe4154135
Neshoba4059179
Lincoln4007111
Hancock385187
Leflore3514125
Tate342386
Sunflower339391
Pike3366110
Alcorn323272
Scott319274
Yazoo313971
Adams304785
Itawamba304777
Copiah299666
Coahoma298283
Simpson297889
Tippah291168
Prentiss283361
Leake271674
Marion271280
Covington266683
Wayne264442
Grenada264087
George251851
Newton248563
Tishomingo230867
Winston229881
Jasper222048
Attala214973
Chickasaw210459
Holmes190374
Clay187454
Stone187233
Tallahatchie179941
Clarke178980
Calhoun173732
Yalobusha167740
Smith164034
Walthall135147
Greene131633
Lawrence131024
Montgomery128643
Noxubee127934
Perry126638
Amite125942
Carroll122330
Webster115032
Tunica107927
Jefferson Davis107633
Claiborne102930
Benton102225
Humphreys97533
Kemper96628
Franklin84923
Quitman81816
Choctaw79018
Wilkinson69332
Jefferson66228
Sharkey50817
Issaquena1696
Unassigned00

Alabama Coronavirus Cases

Cases: 547323

Reported Deaths: 11266
CountyCasesDeaths
Jefferson808021563
Mobile41925826
Madison35600522
Tuscaloosa26136458
Shelby25554254
Montgomery25067610
Baldwin21774313
Lee16234175
Calhoun14692325
Morgan14614285
Etowah14132361
Marshall12443230
Houston10748287
Elmore10295212
Limestone10180157
St. Clair10146250
Cullman9921200
Lauderdale9582248
DeKalb8955189
Talladega8441184
Walker7318279
Autauga7215113
Blount6925139
Jackson6900113
Colbert6394139
Coffee5616126
Dale4928114
Russell454441
Chilton4461116
Franklin430683
Covington4263122
Tallapoosa4117154
Escambia400280
Chambers3715123
Dallas3604156
Clarke352861
Marion3231106
Pike313978
Lawrence3121100
Winston283372
Bibb267364
Geneva256981
Marengo250565
Pickens236562
Barbour234559
Hale226578
Butler223371
Fayette217162
Henry193843
Cherokee187245
Randolph186844
Monroe179141
Washington170339
Macon163051
Clay159559
Crenshaw155057
Cleburne152543
Lamar145837
Lowndes141953
Wilcox127030
Bullock124242
Conecuh112930
Coosa111129
Perry108726
Sumter105732
Greene93434
Choctaw61725
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