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UPDATE: Investors file new lawsuit against Wynn Resorts

Posted at 9:52 AM, Feb 20, 2018
and last updated 2018-02-21 18:48:04-05

UPDATE FEB. 21: A new class action lawsuit was filed against Wynn Resorts, stating that the company failed to reveal Steve Wynn's alleged pattern of sexual misconduct.

The suit, filed in New York by investors, said that the failure hurt them financially. 


LAS VEGAS (AP) -- The new CEO of Las Vegas-based Wynn Resorts says he was not aware of any of the sexual misconduct accusations against casino mogul Steve Wynn before they surfaced in a news report last month.

Matt Maddox was appointed CEO on Feb. 6 after Wynn resigned.

The Wall Street Journal reported last month that a number of women said Wynn harassed or assaulted them and that one case led to a $7.5 million settlement.

Maddox says people should "hold off making any judgment" until the investigations into the accusations are complete.

Wynn has vehemently denied the accusations and attributed them to a campaign led by his ex-wife. An attorney for Elaine Wynn denies that claim.

Maddox says the company won't change its name or logo, which is Steve Wynn's signature.