Wynn did right thing to step down as RNC finance chair

Eric Trumptold CNBC on Thursday of which casino mogul Steve Wynn did the right thing by stepping down as the finance chairman of the Republican National Committee, under pressure because of sexual harassment allegations.

The Wynn Resorts CEO can be facing “strong” accusations of sexual misconduct of which he needs to deal with, said Eric Trump, executive vice president at The Trump Organization, which has interests in real estate, retail, commercial, hotel along with also golf, along with also past dealings in casinos.

“I think ultimately he made the right decision” to resign his RNC position, the second eldest son of President Donald Trump said. “He did what he felt was right. along with also we support of which.”

“We know Steve incredibly well. We have for a very long time. He’s a visionary. He’s done incredible things for the industry. What he’s built can be unparalleled,” Eric Trump said. Before being elected president, businessman Donald Trump had competed with Wynn in building casinos in Atlantic City, brand new Jersey. Both have since pulled out of the town.

Asked during a “Squawk Box” interview whether the scandal will affect Wynn’s business, Eric Trump said: “I’m sure the item will.”

Shares of Wynn Resorts, with interests in Las Vegas along with also Macau off the south coast of China, have fallen about 17.5 percent since The Wall Street Journal reported Friday on the allegations of a “pattern of sexual misconduct” by Wynn. The Journal, citing employees, reported of which the billionaire CEO pressured workers to perform sex acts. Wynn denies the allegations.

“the item’s a scary world, what’s happening,” Eric Trump said. “A lot of This particular coming out in a lot of companies, along with also the item’s opening up a problem of which’s clearly existed for a long time. I think the item’s not bad of which the item’s being spoken about across the board. nevertheless everyone has to have their day in court.”

During the 2016 election, Trump’s father faced accusations about inappropriate sexual behavior. Donald Trump has denied the allegations made by several women to The brand new York Times before the election, along with also around the time of the Discharge of the infamous 2005 “Access Hollywood” tape. inside the second presidential debate, Trump had admitted to bragging on the tape about kissing along with also groping women nevertheless insisted he actually never did any of those things.

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