CEO And Chairman Of Wynn Resorts Steve Wynn Resigns

“I have found myself the focus of an avalanche of negative publicity,”  Steve Wynn said in the statement. “As I have reflected upon the environment this has created ― one in which a rush to judgment takes precedence over everything else, including the facts ― I have reached the conclusion I cannot continue to be effective in my current roles.”

He also announced that Matt Maddox, the current president of Wynn Resorts, will be the CEO.