Steve Wynn Resigns as CEO of Wynn Resorts Amid Sexual Misconduct Allegations

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Steve Wynn is out as CEO of the company he founded, announcing he’s stepping down amid allegations of sexual misconduct against him … TMZ has learned.

The casino magnate resigned Tuesday as CEO and Chairman of the Board of Directors. Wynn says … “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.”

The board has appointed current President, Matt Maddox, as its new CEO, and Boone Wayson as Non-Executive Chairman of the Board of Directors, effective immediately.

Various women have made claims of sexual misconduct against Wynn, according to the Wall Street Journal. He’s vehemently denied the allegations.

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