Jan 29, 2018
Steve Wynn has lost $463 million since sexual assault report
Shares of casino company Wynn Resorts have sunk nearly 19% in the wake of sexual harassment and assault allegations against founder and CEO Steve Wynn. For the casino mogul himself, that represents a paper loss of $462.55 million.
- The loss is based on a Dec. 22, 2017 disclosure showing that Steve Wynn holds 12,230,334 shares of Wynn Resorts stock.
- Wynn Resorts bonds are also under pressure, following news of increased scrutiny by regulators in Macau.