Wynn Resorts stocks have tumbled after allegations emerged that CEO Steve Wynn engaged in sexual misconduct.
In an article by the Wall Street Journal, it is alleged that Wynn engaged in sexual misconduct in various instances over multiple years. A dozen current and former employees came out to accuse him, with some claiming that they were pressured into having sex with the man.
Wynn is reportedly stepping down as the RNC finance chairman, per Politico reporter Alex Isenstadt, citing 3 senior Republicans. (source) January 27, 2018