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Wynn Resorts CEO Steve Wynn
Shares of Wynn Resort are tanking after allegations of sexual misconduct against CEO Steve Wynn were reported by the Wall Street Journal.
The company is trading 6.39% lower on Friday to$188.00 after the report, which cited multiple women accusing the Las Vegas magnate of pressuring them into sex and sexualizing the workplace.
Wynn has denied the allegations, calling them "preposterous."
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