Wynn Macau stock rallies after resignation of CEO Steve Wynn


Shares in Wynn Macau rose 6 percent on Thursday as trade resumed following the resignation of its founder Steve Wynn in the wake of allegations that he subjected women who worked for him to unwanted sexual advances.

Wynn Resorts, the parent company of Wynn Macau, said it has appointed Matt Maddox, its president since 2013, as chief executive. Maddox, who has been with Wynn Resorts since it was founded in 2002, is seen as a firm hand and is widely viewed as a favored protege of Wynn.

Steve Wynn has denied the accusations.

Source link

Products You May Like

Articles You May Like

LC, BYD, TXRH & more
Gundlach’s favorite idea in the financial markets today is commodities
South Korea will sign trade deals with five Central American countries
Big tax breaks to lure Amazon’s HQ2 won’t pay off
Pet products, a growing industry: pet company CEO

Leave a Reply

Your email address will not be published. Required fields are marked *