Vegas casino mogul Steve Wynn resigns as RNC finance chair following sexual harassment allegations

Las Vegas casino mogul Steve Wynn resigned Saturday as the finance chairman for the Republican National Committee, one day after an explosive report in the Wall Street Journal outlined allegations of "decades" of sexual harassment by the billionaire.

Wynn has publicly denied the allegations.

"Today I accepted Steve Wynn’s resignation as Republican National Committee finance chair," RNC chair Ronna Romney McDaniel said in an announcement.

According to Politico, McDaniel spoke about the Wynn allegations with President Donald Trump Saturday morning.

What is Wynn's relationship to Trump?

Wynn and Trump have a long-standing relationship, according to a variety of published reports.

Last week, Wynn was involved in a fundraiser for the president's reelection campaign and the RNC at Trump's Mar a Lago resort, Politico reported. Wynn has also praised Trump as a “history-changing president" similar to Abraham Lincoln and Ronald Reagan.

Following the 2016 election, Trump handpicked Wynn to chair the RNC's finance committee.

Sen. Dean Heller (R-Nev.) came under fire from Democratic Rep. Jacky Rosen (Ill.), who called on Heller to disavow Wynn's endorsement, according to Politico.

“I’m sure the RNC will find another billionaire to replace Steve Wynn, and they’re all going to do essentially the same thing: hoard wealth for the richest people and exclude hard-working people from real opportunity," Minnesota Rep. Keith Ellison, deputy chair of the Democratic National Committee, told Politico.

Wynn's replacement has not yet been announced.

Wynn released a statement about his resignation Saturday.

"Effective today I am resigning as Finance Chairman of the RNC," Wynn said. "The unbelievable success we have achieved must continue. The work we are doing to make America a better place is too important to be impaired by this distraction. I thank the President for the opportunity to serve and wish him continued success."

How much has Wynn raised for Republicans?

Wynn has given more than $2.5 million to the Republican Governors Association, Politico reported. Additionally, campaign finance reports show Wynn contributed $411,000 to the National Republican Senatorial Committee over the past five years, $248,000 to the RNC, and $100,000 to the National Republican Congressional Committee.

Republicans blasted the Democratic Party last fall when sexual harassment allegations were raised against Harvey Weinstein, a prominent Hollywood producer. Weinstein "raised and contributed large amounts of money for Democrats," Politico reported.

In a written statement, Wynn categorized the sexual harassment allegations as “the continued work of my ex-wife Elaine Wynn, with whom I am involved in a terrible and nasty lawsuit in which she is seeking a revised divorce settlement.”

A spokesperson for Elaine Wynn has denied that she is trying to renegotiate her divorce settlement. The dispute between her and her husband involves a shareholder voting agreement, the spokesperson said.

In denying the allegations, Wynn said: "The idea that I ever assaulted any woman is preposterous. We find ourselves in a world where people can make allegations, regardless of the truth, and a person is left with the choice of weathering insulting publicity or engaging in multi-year lawsuits.”