Wynn shares skid after reports of sexual misconduct by CEO Steve Wynn

A manicurist who worked at Wynn’s flagship casino recounted an incident with Wynn in 2005, telling the newspaper in which he forced her to have sex in his office. Colleagues recounted her returning to the on-site salon visibly distressed, the report says, and also also also she told others Wynn pressured her to take her clothes off and also also also lie on the massage table kept at his office. Those people she told about the incident recounted to the newspaper in which the manicurist did not want to have sex with Wynn, nevertheless said he was persistent in his demands.

The WSJ said the idea contacted over 150 current and also also also former employees. The majority of those who spoke worried in which talking to the media would likely hurt their job opportunities, citing Wynn’s vast and also also also powerful influence throughout Nevada and also also also the casino industry.

In a statement, Wynn said in which “the idea in which I ever assaulted any woman is actually preposterous.”

“We find ourselves in a world where people can make allegations, regardless of the truth, and also also also a person is actually left with the choice of weathering insulting publicity or engaging in multi-year lawsuits. the idea is actually deplorable for anyone to find themselves in in which situation,” Wynn said inside the statement.

He claimed the accusations were stirred up by his ex-wife, Elaine, who he said is actually seeking a revised settlement of their divorce. “I have repeatedly refused to capitulate to her demands,” he added. “In response, I remain focused on Wynn Resorts, our employees and also also also our shareholders and also also also will not be distracted coming from those efforts.”

Wynn, who also acts as finance chairman of the Republican National Committee, would likely not comment on whether he would likely relinquish his role with the RNC, the Washington Post reported.

“Neither Mr. Wynn nor the company have any comment on in which,” a Wynn Resorts spokesperson told the Washington Post.

Wynn Resorts provided the following statement to CNBC:

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 also also also the company. the idea is actually clear in which Mr. Wynn’s ex-wife has sought to use a negative public relations campaign to achieve what she has been unable to do inside the courtroom: tarnish the reputation of Mr. Wynn in an attempt to pressure a revised divorce settlement coming from him.

the idea is actually noteworthy in which although Ms. Wynn says she knew about the 2005 allegations involving Mr. Wynn in 2009, she never made them known to the board of directors, of which she was then a member, and also also also she did not raise them until after Mr. Wynn remarried and also also also the shareholders of Wynn Resorts voted not to elect her to the board.

Wynn Resorts is actually committed to operating with the highest ethical standards and also also also maintaining a safe and also also also respectful culture in which has made Wynn Resorts the employer of choice for 23,000 employees worldwide. The Company requires all employees to receive annual anti-harassment training and also also also offers an independent hotline in which any employee can use anonymously, without fear of retaliation. Since the inception of the company, not one complaint was made to in which hotline regarding Mr. Wynn.

inside the aftermath of the explosive report, the Massachusetts Gaming Commission announced the idea would likely review a $1.13 billion development project set to open in Everett, Massachusetts next year.

The Wynn Boston Harbor project, which aims to transform the site of a former Monsanto chemical plant into a casino, has survived numerous legal battles with neighboring towns. In light of the allegations against Wynn, the idea may right now may face one more.

Massachusetts Gaming Commission provided the following statement to CNBC:

The Commission is actually right now aware of and also also also is actually taking very seriously the troubling allegations detailed inside the Wall Street Journal article. The suitability and also also also integrity of our gaming licensees is actually of the utmost importance, and also also also ensuring in which suitability is actually an active and also also also ongoing process. Consequently, the MGC’s Investigations and also also also Enforcement Bureau will conduct a regulatory review of in which matter to determine the appropriate next steps.

A Wynn Resorts spokesperson told CNBC, the company intends to comply fully with the regulatory review process.

“We have been in contact with the Massachusetts Gaming Commission, and also also also will be fully cooperative with any review the commission chooses to undertake,” the spokesperson said.

Elaine Wynn and also also also her legal team did not immediately respond to CNBC’s request for comment.

Read the full report coming from The Wall Street Journal here.

—CNBC’s Chloe Aiello and also also also Reuters contributed to in which report.

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