Steve Wynn is out as CEO of Wynn Resorts

by Dramelin 2:00 AM 0 comments

Trade in shares of Wynn Macau was halted on Wednesday, the Hong Kong stock exchange said in a notice.
In a statement provided by the company, the former CEO did not admit to any wrongdoing, but instead pointed to the "environment" created by the allegations themselves: "In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity.
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 said.