NGCB Chairwoman Becky Harris<\/a> into the limelight. The first woman to oversee America’s largest gaming jurisdiction, Harris assumed the role earlier this month in the Silver State. She took over from A.G. Burnett, who left the post in December to pursue a private sector opportunity.<\/p>\n<\/div>\nThe odds of Wynn Resorts being stripped of its Las Vegas, Macau, or Massachusetts casino licenses are slim. A more likely conclusion might be the company’s founder being removed from the corporation. Gaming professor Clyde Barrow opined this week this ousting strategy is likely being set in action now.<\/p>\n
Steve Wynn has already resigned from chairing the finance committee within the Republican National Committee (RNC), which was announced on Saturday, one day after the WSJ broke the scandal.<\/p>\n
Wynn Resorts Fallout<\/b><\/h2>\n
Steve Wynn himself continues to deny any wrongdoing, and believes the WSJ <\/i>article was fallout from his ex-wife Elaine, who he remains embattled with the CEO over a revised divorce settlement that dates back to 2010. She denies being behind the scathing report, however.<\/p>\n
Regardless, investors are reducing their stakes in Wynn Resorts. The casino conglomerate’s valuation has tumbled more than $3.5 billion since the sexual allegations broke last Friday. Wynn himself, the company’s largest individual shareholder, has lost an estimated $412 million during the same period.<\/p>\n
The losses keep piling up. On Monday, the Republican Governors Association (RGA) canceled its 2020 annual conference at Wynn Las Vegas, and is returning a $100,000 contribution made by Steve Wynn.<\/strong><\/p>\nThe RGA said it will not accept any future donations from Wynn or his company “unless the allegations \u2026 are proven to be false.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Wynn Resorts executives in Macau are doing damage control with Chinese gaming regulators, as their company’s founder and CEO continues to make headlines in the United States and around the world. Macau’s Gaming Inspection and Coordination Bureau (DICJ) confirmed on Monday that it had met with representatives from the Las Vegas-based casino operator regarding the […]<\/p>\n","protected":false},"author":42,"featured_media":68578,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,18],"tags":[],"acf":[],"yoast_head":"\n
Wynn Resorts Executives Meet With Macau Gaming Regulators<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n