Steve Wynn, king of Las Vegas, has surrendered his crown. Investors seem to be pleased. Shares of Wynn Resorts Ltd, which had plunged in the wake of reports alleging a decadeslong pattern of sexual misconduct by Mr. Wynn, climbed 8.6% on Wednesday. No doubt part of investors’ relief relates to the investigations launched by casino regulators...

Source: Wall Street Journal February 07, 2018 22:18 UTC