Sunday, 28 January 2018

Billionaire, Steve Wynn resigns from his position as Republican Party's finance chairman following sexual misconduct allegations

Billionaire,?Steve Wynn resigns from his position as Republican Party

Las Vegas casino mogul, Steve Wynn on Saturday stepped down as Republican National Committee finance chairman, according to three senior Republicans briefed on the decision. 

The decision followed a Friday report in the Wall Street Journal alleging that Wynn engaged in sexual harassment.

Wynn, 76, was President Donald Trump's handpicked choice for the finance position. It has not yet been determined who will replace him. 

"Today I accepted Steve Wynn’s resignation as Republican National Committee finance chair," said RNC chair Ronna Romney McDaniel.

Wynn has been a prolific Republican donor, particularly over the past decade: He has donated more than $2.5 million to the Republican Governors Association since 2012 and has been a top donor to several individual gubernatorial campaigns. 

The casino mogul also contributed $411,000 to the National Republican Senatorial Committee over the past five years, $248,000 to the RNC and $100,000 to the National Republican Congressional Committee, according to campaign finance records.

In a statement issued on Friday, Wynn said the allegations are “the continued work of my ex-wife Elaine Wynn, with whom I am involved in a terrible and nasty lawsuit in which she is seeking a revised divorce settlement. The idea that I ever assaulted any woman is preposterous. We find ourselves in a world where people can make allegations, regardless of the truth, and a person is left with the choice of weathering insulting publicity or engaging in multi-year lawsuits.”

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