Wynn Resorts stock fell more than 10% on Friday, following The Wall Street Journal's publication of sexual harassment and assault allegations against founder and CEO Steve Wynn.
The billionaire casino mogul has denied the allegations, calling them "preposterous.”
Wynn has no current plans to step down as finance chairman for the Republican National Committee, per a spokesperson's comments to The Washington Post.
The Massachusetts Gaming Commission has opened a review of Wynn Resorts following the allegations. Wynn is in the midst of building a multi-billion dollar casino resort just outside of Boston.
The stock decline shaved more than $1.5 billion off the Las Vegas-based company's market cap.
