Getty Images / Ethan Miller
- Steve Wynn has resigned as CEO and chairman of Wynn Resorts.
- The billionaire mogul recently faced allegations of sexual misconduct.
- Wynn had admitted no wrongdoing and said in his resignation statement that there had been a "rush to judgment," which he said took precedence over everything "including facts" with regard to the misconduct allegations.
- Matt Madox is the new Wynn Resorts CEO.
The CEO and chairman of Wynn Resorts, Steve Wynn, has resigned.
The company, which owns and operates Wynn and Encore Las Vegas, Wynn Macau, and Wynn Palace, Cotai, made the announcement "reluctantly" on Tuesday night. The news came fewer than two weeks after allegations of decades of sexual misconduct were made against Wynn.
See the rest of the story at Business Insider
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