Reaction to Wynn stepping down as CEO

LAS VEGAS - The news that Steve Wynn stepped down from his role with Wynn Resorts was good for investors. Shares rose 10 percent Wednesday.

That comes after almost a 20 percent drop in the days following the initial sexual misconduct allegations against him.

Shares from Wynn Macau are on hold until a new CEO is named.

Aside from investors, there was also reaction from others.

Some tourists and a former employee, who back in the 1990s was involved in a workplace harassment lawsuit against the company are now questioning, whether the name Wynn should come down. 

As news surfaced about Steve Wynn's resignation as CEO of the company, some tourists said they felt a little eerie walking by the iconic building Wednesday.

"What's going to happen with this building? I thought is it going to come with a new name? Miko Johansen, a tourist from Denmark wonders.

He says the world's been watching the latest developments in Las Vegas.

"Of course we look at you and think what is going on, over there? There's a lot of investors in this building and I think they're going to make sure the company and the casino is going to live on," he said.

In a phone interview, a former employee, Mary Cunningham, told 8 News NOW she's overjoyed.

"I was like, oh my God, there's a God you know? Like really?"

She claims years of workplace harassment within the company during her time as a cocktail waitress between 1989 up until a few years ago. Cunningham was involved in a lawsuit in the late 1990s. 

"Even just right before I left they were harassing me about my shoes. I, you know, in the course of the lawsuit I had worn a pedometer. I was walking 12 to 6 miles a day, somewhere in between there. I mean, nobody can wear high heels and do that," Cunningham said.

The local culinary union, which represents 5,500 members at Wynn Resorts, is also speaking out, saying in part they, 

"...have a strong union contract that ensures their job security, great health benefits, and fair wages are protected - even if the casino changes ownership or is sold. Workers have the right to protection from sexual harassment and discrimination at work…"  

 


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