The RGA also is canceling its contract with Wynn Resorts to hold its 2020 conference there, according to a spokesman for the organization. They traded at HKD28.40, down 5.3 percent, as of 1:41 p.m.
On this news, Wynn Resorts share price fell $20.31 or 10.12%, to close at $180.29 on January 26, 2018. The Journal said it interviewed more than 150 current and former employees for the story, cites two former employees on the record and reports that Wynn settled with a manicurist for $7.5 million who had accused him of forcing her to have sex. The allegations were denied by the Wynn Resorts' founder.
"Unlike Governor Cuomo who initially refused to return the more than $100,000 from known-creep Harvey Weinstein and wound up being the last elected official in the nation to return his tainted money, we made the decision to donate Mr. Wynn's money on the same day the allegations broke", Proud said. In 2013, ISS notes, the company allowed Wynn to purchase any of the company's aircraft in exchange for giving up an option to buy 2 acres of land on Wynn Resorts' golf course.
The long-term impact on the stock may be muted, according to Dickie Wong, Hong Kong- based executive director of research at Kingston Securities Ltd.
"The board is deeply committed to ensuring the safety and well-being of all of the company's employees and to operating with the highest ethical standards", the board said in a statement in the Journal.
Wynn claims the allegations relate to the break-up of his marriage.
The growing scrutiny from regulators has raised questions about how much investors would stand by the company, and how the company might move past the potential loss of one of the industry's biggest innovators.
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"I think at that point it's going to be up to Wynn Resorts to decide what they want to do about it", Baker said.
House Speaker Paul Ryan announced that he plans to give money he had received from Wynn to a Wisconsin charity, while Sen.
Representatives for Macau's Gaming Inspection and Coordination Bureau couldn't be reached over the weekend.
Wynn has been a prolific Republican donor. Susan Collins of ME and Lindsey Graham of SC to return the money.
Rep. Jacky Rosen (D-Nev.), who is challenging Heller, called the reports about Wynn "horrifying and disturbing".
Sen. Susan Collins of ME tells CNN's "State of the Union" that Republicans should return the money if they've accepted contributions recently that haven't been spent. He also said in a statement that the whole situation was engineered by his former spouse Elaine Wynn, who has been trying to regain control over her stake in Wynn Resorts after her ouster from the company in 2010.