Billionaire casino executive Steve Wynn will lose out on hundreds of millions of dollars in severance pay following his resignation as chairman and chief executive of Wynn Resorts Ltd. amid allegations of sexual misconduct. Under a separation agreement disclosed Friday, Mr. Wynn will also be under a two-year noncompete restriction and will “provide reasonable cooperation and assistance” related to any internal investigations into his tenure at the company that he founded.

Source: Wall Street Journal February 16, 2018 15:26 UTC