STEVE WYNN FALLS FROM GRACE

Wynn Resorts started 2018 on the right foot, reporting its 2017 revenue rising 41% and the company’s chairman and CEO Steve Wynn predicted great things were in store for the casino empire he founded way back in 2002.

Two days later, Steve was vehemently denying a blockbuster Wall Street Journal report in which multiple female Wynn staffers accused him of sexual harassment dating back decades. The company’s shares promptly shed one-fifth of their value and gaming regulators in Nevada and Massachusetts launched probes that could imperil the company’s future operations.

Less than two weeks after the allegations were published, Steve had resigned from the company he founded, and he sold off his considerable holdings in the company the following month. To do so, he had to end a pair of six-year legal fights: the first with his ex-wife Elaine and the second with former Universal Entertainment chairman Kazuo Okada, the importance of both having drastically diminished in light of his new predicament.