Casino mogul Steve Wynn resigned Tuesday as chairman and CEO of Wynn Resorts amid sexual misconduct allegations. Ahead of the announcement, shares of Wynn Resorts' China arm, Wynn Macau Ltd., were suspended from trading on the Hong Kong stock exchange on Wednesday morning in Asia. Wynn Macau operates two casino-resorts in Macau, which is the company's biggest source of profits. Wynn introduces one of his the company's casino resort plans during a news conference in Macau June 5, 2012. He built the Bellagio, Treasure Island and Mirage before he sold his Mirage Resorts company in 2000.

Source: CBC News February 07, 2018 02:59 UTC