Steve Wynn

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Steve Wynn's Termination Deal Isn't So Great for Steve Wynn

Embattled casino mogul gets no severance or compensation

(Newser) - A termination agreement released Friday between embattled casino mogul Steve Wynn and the company bearing his name leaves him without any severance or compensation and prohibits his involvement in any competing gambling business for two years, reports the AP . The Las Vegas billionaire resigned as chairman and CEO of Wynn... More »

Allegations Mount Against Steve Wynn

2 women say he assaulted them in the 1970s

(Newser) - Steve Wynn, who resigned as CEO of Wynn Resorts last week amid sexual misconduct claims, is facing two new allegations of assault, but charges are unlikely: Both allegations date from the 1970s. Police in Las Vegas say two women filed reports days after a Wall Street Journal report on a... More »

Steve Wynn Resigns Amid Sex Misconduct Claims

'I have found myself the focus of an avalanche of negative publicity'

(Newser) - Casino mogul Steve Wynn resigned Tuesday as chairman and CEO of Wynn Resorts amid sexual misconduct allegations. "In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity," Wynn said in a statement Tuesday. "As I have reflected upon the... More »

WSJ: Steve Wynn Paid Woman $7.5M Using 'Entity Y'

Paper says the LLC was created in 2005 to handle settlement funds

(Newser) - In its bombshell report detailing allegations of sexual misconduct against casino mogul Steve Wynn, the Wall Street Journal alleged that a manicurist who said she was forced to have sex with Wynn walked away with a $7.5 million settlement. In a new report, the Journal details just how that... More »

Steve Wynn Resigns As RNC Finance Chair

Casino mogul, Trump's 'great friend' accused of widespread sexual misconduct

(Newser) - President Trump's handpicked Republican National Committee finance chair is resigning over allegations of widespread sexual misconduct, Politico reports. Billionaire Las Vegas casino owner Steve Wynn, who Trump has called "a great friend," stepped down from the position Saturday, according to NBC News . A Wall Street Journal report... More »

Report: Casino Mogul Steve Wynn Had Everyone 'Petrified'

'WSJ' report features allegations of forced sex, harassment against RNC finance chair

(Newser) - A shocking report from the Wall Street Journal emerged Friday, detailing what it says "would amount to a decades-long pattern of sexual misconduct" by one of Las Vegas' biggest casino moguls. Based on more than 150 interviews with past and current employees, as well as court records, the Journal... More »

Mandalay Bay Sued Over Response to Vegas Shooting

Hotel named in first lawsuit filed by survivor

(Newser) - "Someone call police. Someone is firing a rifle on the 32nd floor in the hallway," a Mandalay Bay maintenance employee says in a newly released recording, per Fox 5 . But though hotel staffers responded to the outbreak of the Las Vegas mass shooting, asking for the shooter's... More »

George Clooney in Drunken Obama Argument?

But he and casino mogul Steve Wynn have very different accounts of how it went down

(Newser) - According to Las Vegas casino magnate Steve Wynn, George Clooney recently got drunk off tequila shots at a dinner they both attended in Sin City and ended up in a foul-mouthed rant about politics that ended with Clooney storming off. According to Clooney, Wynn started the whole thing, and it... More »

Girls Gone Wild Files for Bankruptcy

We know you must be devastated

(Newser) - In what may be a perfect example of "what goes around comes around," Girls Gone Wild has filed for bankruptcy. Founder Joe Francis put his 16-year-old empire under bankruptcy protection yesterday in an effort to keep Las Vegas resort owner Steve Wynn from grabbing any of those assets,... More »

Girls Gone Wild Founder Hit With Another $20M Verdict

Steve Wynn now owed $40M by 'digital assassin'

(Newser) - Bad-mouthing casino mogul Steve Wynn has cost Joe Francis $20 million for the second day in a row. A jury awarded Wynn $20 million in punitive damages in his defamation lawsuit against the Girls Gone Wild founder yesterday, after awarding him $20 million in compensatory damages Monday , reports the Los ... More »

Girls Gone Wild Founder Loses $20M Slander Suit

Jury sides with casino mogul Steve Wynn

(Newser) - Lots of girls are going to have to go pretty wild to pay off Joe Francis' legal bills: A jury has awarded casino mogul Steve Wynn $20 million in his slander suit against the Girls Gone Wild soft-porn tycoon, reports the Los Angeles Times . Francis had publicly claimed that Wynn... More »

Steve Wynn: Businesses 'Frightened to Death' of Obama

Casino owner says that's why no one's hiring or investing

(Newser) - Why aren’t businesses hiring more people with the piles of cash at their disposal? Casino magnate Steve Wynn thinks it’s because they’re scared of Barack Obama. “I'm telling you that the business community in this company is frightened to death of the weird political philosophy... More »

9 Other Pricey Art Mishaps

Pablo Picasso's 'The Actor' is hardly the first expensive accident

(Newser) - The art student who tripped and tore a hole in a Picasso painting is probably fairly embarrassed—but will, perhaps, feel better knowing others can sympathize. The Independent lists nine other art catastrophes, some accidental and some not:
  • Cy Twombly: A woman kissed one of his paintings, leaving it smeared
... More »

Vegas Star Gans Dead at 52

(Newser) - Master impressionist Danny Gans died this morning at age 52 at his Nevada home, the Las Vegas Sun reports. Though little known outside of Vegas, the musical chameleon was a Sin City superstar, performing before routinely sold-out crowds and appearing on the largest freestanding marquee in the world. “The... More »

What Downturn? Vegas Gets New $2.3B Resort

Mogul riding high while rivals, Vegas struggle

(Newser) - Recession has dimmed the glittering lights of Las Vegas, but it hasn’t stopped hotel and casino mogul Steve Wynn, AFP reports. Wynn is preparing to open the lavish $2.3 billion resort Encore on Monday as Sin City weathers its worst economic meltdown in decades. “I don't owe... More »

US Casinos Dotting Macau Can't Cash In

Gambling's red hot, but local middlemen take a huge cut

(Newser) - Casinos on the Chinese island of Macau create more gambling revenue than the ones in Las Vegas and Atlantic City combined, but US operators—permitted to set up shop there since 2004—are decidedly not rolling in the money. The Wall Street Journal looks at the bumps in the road... More »

Macau Casinos Double Vegas' Take

Chinese high rollers power Asia hot spot to record profits

(Newser) - If you thought Las Vegas was gambling’s capital city, think again. Casinos in Macau didn’t just beat Nevada’s finest this quarter, they lapped them. Macau’s gambling revenues jumped 62% from a year ago, doubling Vegas’ take over that stretch—though the casinos, which can't lend money... More »

Wynn's Macau Take Disappoints

Chinese casino posts lower revenue than expected

(Newser) - Casino mogul Steve Wynn latest gamble isn't paying off as handsomely as he predicted, the New York Post reports, with shares in his Wynn Resorts falling 10% after weaker-than-expected revenues at his splashy new gaming palace in Macau. Wynn "wildly overestimated" September revenues at Wynn Macau, analysts said, with... More »

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