Wynn Resorts probes sexual misconduct claims against boss

Wynn Resorts probes sexual misconduct claims against boss

Wynn Resorts probes sexual misconduct claims against boss

Some Republicans in Congress are donating their contributions from Las Vegas billionaire Steve Wynn to charity in light of sexual misconduct allegations against the former Republican National Committee finance chairman.

The Wall Street Journal reported that a number of Republican politicians have confirmed that they would donate the money they had been contributed to by Mr. Wynn to various charities.

Republican Sens. Susan Collins of ME and Lindsey Graham of SC have urged Republicans who have received money from Wynn to return them. "I think the right thing to do for the Republican Party is to have the higher moral ground and say we're going to return the money".

"However, given the uncertainties relating to the recent events, we expect the historical Wynn premium multiple to be removed and expect the stock to trade at an in-line market multiple until such time as there is resolution to the recent events", the report said.

Just this election cycle, Wynn has given $100,000 to the National Republican Senatorial Committee.

Wynn was chosen by Trump to lead the RNC's fundraising effort, and he contributed more than $600,000 to GOP causes past year, according to the Federal Election Commission. The Republican National Committee convenes this week in Washington for its annual winter meeting.

Wynn was a prolific political donor, but in the wake of the allegations some lawmakers are turning their back on him, and calling for the return of his donations.

The Wall Street Journal article included allegations by a manicurist that allegedly received a US$7.5-million settlement from Mr Wynn after complaining he ordered her to have sex with him in 2005.

During the presidential campaigns in 2016, the Las Vegas businessman provided financial backing to both Democratic candidate Hillary Clinton and now US President Donald Trump.

An aide to Johnson says the second-term Wisconsin senator will be donating $5,400 to a domestic abuse victims service in Oshkosh, Wisconsin. Elaine Wynn is now in a legal fight with Steve Wynn over her share of stocks in Wynn Resorts.

Wynn is the chairman and chief executive of Wynn Resorts, which includes a flagship hotel and casino in Las Vegas that bears his name.

"The conduct of Elaine during the course of the pending lawsuits has been shocking and deeply disturbing to me personally and as the CEO of Wynn Resorts", Wynn said. In a statement sent to The Associated Press, it called the allegations part of a smear campaign related to divorce proceedings from Wynn's ex-wife.

The special investigation panel will be chaired by Patricia Mulroy, a member of the board's corporate governance and compliance committees and a former member of the Nevada Gaming Commission, the board said in a statement.

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