Wynn Macau shares drop after United States rout on harassment claims

Posted January 31, 2018

Some Republicans in Congress are donating their contributions from Las Vegas billionaire Steve Wynn to charity in light of sexual misconduct allegations against the former Republican National Committee finance chairman.

"Steve Wynn's resignation amid these allegations should make the NHGOP's decision clear as day", Buckley said in a statement provided to WMUR.

"The allegations made against Mr. Wynn in the Wall Street Journal's report on Friday are extremely serious", said Jon Thompson, the Republican Governors Association communications director.

On these revelations, the Massachusetts Gaming Commission announced that it would open a regulatory review into the Company over the sexual misconduct allegations reported in The Wall Street Journal article.

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The RGA is also canceling its contract with Wynn Resorts to hold the group's annual conference in 2020 at the Wynn Las Vegas, Wynn's flagship hotel. Nevertheless, Wynn stepped down as the Republican National Committee's finance chairman over the weekend. The media outlet wrote that multiple former and current employees at Wynn Resorts have accused the casino mogul of varying degrees of sexual misconduct.

Some Republicans in Congress - including Nevada's Sen.

House Speaker Paul Ryan also is giving $1,000 from a Wynn-related business group to a Wisconsin charity, aides confirmed Monday.

Some Republican lawmakers have been urging party committees and candidates to return Wynn's money or to give it to charity.

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Rep. Greg Gianforte, R-Mont., said he will give the $2,700 he received from Wynn during his special election bid past year to charity.

"The Wynn board may be the most compliant board of any major public company", Elaine Wynn said in a court filing last May. Susan Collins of ME and Lindsey Graham of SC to return the money.

"Gov. Sununu should put his money where his mouth is and encourage the state party to return this money", Buckey said. Heller's democratic challenger for the Senate, Jacky Rosen was among those calling for republicans to return funds or donate them to charity. The RNC has not yet said whether it will return any money donated by Wynn.

Pomerantz LLP is investigating claims on behalf of investors of Wynn Resorts Limited ("Wynn Resorts" or the "Company") (NASDAQ: WYNN). And many believe that this could be detrimental to Wynn Resorts, as the businessman has been deeply involved in its day-to-day operations since it was founded.

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Meanwhile, two Democratic candidates for governor had already made up their mind about Wynn on Monday, calling for MA gaming regulators to cut ties with the casino magnate over the reports of sexual misconduct, harassment and assault. Meanwhile, Wynn Resorts' stock has been hammered in the USA, plummeting 10% on Friday and 9% on Monday. The Nevada and MA gaming commission have both announced they are launching reviews.