Steve Wynn Stepping Down As RNC Finance Chairman Amid Sexual Misconduct Allegations


Wynn, a wealthy 76-year-old casino mogul, stepped down as the finance chairman of the Republican National Committee on Saturday amid disturbing reports that he had preyed on female employees for decades.

Gov. Charlie Baker's political campaign wrote to the Republican Governors Association urging the RGA to return any donations from casino magnate Steve Wynn given since the last election cycle.

And Collins told CNN's "State of the Union" that Republican groups that have accepted large cash donations from Wynn should return the money if those funds have not been spent.

"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.

Wynn, who has a history of donating to both parties but more recently has given heavily to Republicans, had also served as Republican National Committee finance chair. But unlike in previous years, where Wynn gave heavily to the RNC as well as other GOP groups and candidates, he hasn't given the party contributions directly this year.

The announcements come in light of a Wall Street Journal report Friday that Wynn, a casino mogul and prolific Republican donor, sexually harassed several women.

"Effective today I am resigning as Finance Chairman of the RNC", Wynn said in the statement Saturday.

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Since 2013, Wynn has contributed almost $2.4 million to GOP candidates and party organizations around the country, including 2017 special election winners as well as dozens of state Republican Party committees.

During the fall, RNC officials, including McDaniel, noted that Weinstein had been a top donor for Democrats, including 2016 presidential nominee Hillary Clinton.

Since 2013, Wynn has contributed almost $2.4 million to GOP candidates and party organizations around the country, including 2017 special election winners.

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

Warren said Wynn should lose his operational control and ownership interest in Wynn Resorts, and MA should not go forward with the casino while Wynn remains at its helm.

In October, McDaniel tweeted that if the Democratic National Committee "truly stands up for women like they say they do, then returning Weinstein's dirty money should be a no-brainer".

Trump, addressing Nevada supporters in February 2016, praised Wynn as a "great friend of mine". Roger Gros, publisher of the Global Gaming Business magazine said that Wynn pretty much had the board "in his pocket" and that he will be safe from the allegations. Spokeswoman Elaine Driscoll said the commission's investigations and enforcement bureau will conduct a regulatory review to determine the appropriate next steps, adding "the suitability and integrity of our gaming licensees is of the utmost importance".