Long vs. Short: Can Wynn Casinos Recover From Steve Wynn’s #MeToo Scandal? By Steve Friess, Intelligencer, New York Magazine January 4, 2019 at 3:13 pm Of the many powerful men brought down by the #MeToo movement, the disgrace visited upon casino mogul — and high-profile Trump booster — Steve Wynn may well have been the costliest to the greatest number of people. Since February, when the Las Vegas icon behind some of the most celebrated and profitable casino resorts stepped down as CEO amid multiple accusations of sexual misconduct, Wynn Resorts stock has lost about 40 percent of its value. Other market forces are also at play in the casino sector, to be sure. The ongoing trade war with China has sowed uncertainty and weakness in Macau, the world’s largest gambling market and Wynn’s most significant profit source.