Dozens of people have accused Steve Wynn, the billionaire CEO of Wynn Resorts in Las Vegas, of sexual misconduct over many years, CNBC reported.
According to the Wall Street Journal, dozens of current and former employees "told of behavior that cumulatively would amount to a decades-long pattern of sexual misconduct." Some described being pressured into performing sex acts with him.
Following the report, Wynn Resorts stock dropped 8 percent in trading.
In a written response to the WSJ, Wynn said that "the idea that I ever assaulted any woman is preposterous." And in a statement to CNBC, Wynn Resorts said that all employees are required to receive "anti-harassment training" and it has an independent hotline for complaints. The company added that "since the inception of the company, not one complaint was made to that hotline regarding Mr. Wynn."