Therefore, effective immediately, I have decided to step down as CEO and chairman of the board of Wynn Resorts, a company I founded and that I love.” “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. “In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity,” Wynn said in a statement released by Wynn Resorts. Wynn’s board of directors, which had begun an investigation into the allegations, said in a statement late Tuesday that it has appointed Matt Maddox as its CEO, effective immediately. ![]() The Wynn Resorts leader denied the accusations from the beginning but couldn’t escape the 12-day spiral to resignation, even after stepping down from the top fundraising position of the Republican National Committee the day after the allegations became public.
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