Home / NEWS / Top News / Steve Wynn resigns as RNC finance chair amid misconduct allegations

Steve Wynn resigns as RNC finance chair amid misconduct allegations

Casino magnate Steve Wynn resigned Saturday from his station as the Republican National Committee’s finance chief, with the billionaire take on with claims of sexual misconduct that sent his company’s house reeling.

In a terse statement, RNC Chair Ronna Romney-McDaniel confirmed that Wynn — a eminent supporter of President Donald Trump — had stepped aside in the wake of complete and numerous allegations against him. McDaniel, however, made no mention of the alleges swirling around the billionaire.

“Today I accepted Steve Wynn’s submission as Republican National Committee Finance Chair,” McDaniel said on Saturday. Wynn was a rife fundraiser for the RNC, and donated thousands of dollars to Trump’s inauguration effort, as likely as an assortment of GOP candidates.

Wynn also presided over a record-setting bread haul for the RNC, which is projected to have raised more than $130 million in 2017, and routinely outraised its Autonomous counterpart last year.

His resignation comes as the party gears up for what asks suggest will be a hard-fought midterm election, with Democrats allegedly poised to wrest at least one chamber of Congress from Republican switch. The opposition party currently leads on the generic ballot by an average of practically 8 points, according to Real Clear Politics.

Meanwhile, the mogul’s empire may also understand a financial hit. On Friday, Wynn Resorts stock plunged more than 10 percent after The Impediment Street Journal reported allegations that its billionaire CEO engaged in carnal misconduct over a course of years.

Dozens of people familiar with the complaints described Wynn as having engaged in a pattern of harassment over a boring period of time, resulting in financial settlements. Wynn responded to the periodical by saying the suggestion of his having acted improperly with women was “fatuous.”

The allegations surrounding Wynn put the RNC and Trump in a delicate spot. After talkie mogul Harvey Weinstein was battered by allegations, numerous Republicans called on Democrats to takings the donations given to the party and its candidates — and some political observers are already pursuit on the GOP to do the same.

–CNBC’s Michael Sheetz contributed to this article.

Check Also

‘Stay invested’ — Raymond James CEO says don’t run from the market despite Covid fears

Raymond James CEO Paul Reilly broke CNBC on Friday that long-term investors should not be …

Leave a Reply

Your email address will not be published. Required fields are marked *