Billionaire casino mogul Steve Wynn resigns from Wynn Resorts amid sexual misconduct scandal

Get the Full StorySteve Wynn has resigned as CEO and chairman of Wynn Resorts.

The billionaire mogul recently faced allegations of decades of sexual misconduct.

Wynn has not admitted to the allegations and said in his resignation statement there had been a "rush to judgment" which took precedence over everything "including facts."

Matt Madox is the new Wynn Resorts CEO.

The CEO and chairman of Wynn Resorts, Steve Wynn, has resigned.

The company, which owns and operates Wynn and Encore Las Vegas, Wynn Macau, and Wynn Palace, Cotai, made the announcement "reluctantly" Tuesday evening. The news came less than two weeks after allegations of decades of sexual misconduct were made against Wynn.See the rest of the story at Business InsiderNOW WATCH: What 'Dilly Dilly' means and how Bud Light came up with its viral campaignSee Also:Former SpaceX worker reveals 7 outrageous perks Elon Musk gives employeesManipulative people hook their victims with a tactic called 'love bombing' here are the signs you've been a targetArizona ammunition dealer named as person of interest in Las Vegas mass shootingSEE ALSO: Billionaire casino mogul and RNC finance chair Steve Wynn accused of sexual assault