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Billionaire Wynn Gets No Money in Casino Termination Deal


An exterior view of billionaire Steve Wynn's hotel-casino in Las Vegas, Nevada, U.S., Feb. 7, 2018.

A termination agreement between embattled casino mogul Steve Wynn and the company bearing his name shows that he won't receive any compensation and can't be involved in any competing gambling business for two years.

The terms of the agreement were released Friday by Wynn Resorts. Wynn resigned as CEO earlier this month amid sexual misconduct allegations.

The billionaire has vehemently denied the allegations, which he attributes to a campaign led by his ex-wife.

As part of the agreement, Wynn also agreed to cooperate with any investigation or lawsuits involving his time with the company. He can have his attorney present. Wynn Resorts created a committee to investigate the sexual misconduct allegations.

As fallout from the allegations, Wynn also resigned as finance chairman of the Republican National Committee.

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