LAS VEGAS (AP) Casino mogul Steve Wynn resigned as chairman and CEO at Wynn Resorts amid sexual misconduct allegations.
Wynn Resorts said Tuesday, Feb. 6 the resignation was effective immediately.
The Wall Street Journal reported Jan. 26 a number of women said Wynn harassed or assaulted them and that one case led to a $7.5 million settlement.
The Las Vegas billionaire has vehemently denied the allegations, which he attributed to a campaign led by his ex-wife.
He also faced investigations by gambling regulators in two states.
The board of directors for Wynn Resorts appointed Matt Maddox, currently president of the company, as its CEO effective immediately.