Wisconsin Republicans getting rid of Wynn money

Wisconsin Republicans getting rid of Wynn money

The Republican Governors Association is returning a $100,000 contribution from Steve Wynn's resorts company amid allegations of sexual misconduct on the part of the major GOP donor.

House Speaker Paul Ryan confirmed Monday that he will donate the $1,000 he received from a Wynn-related business group to charity.

A spokesperson for Rep. Karen Handel, R-Ga., told Time on Sunday that the freshman lawmaker donated a contribution to her campaign from Wynn to a nonprofit center that deals with domestic violence and sexual abuse.

Republican Sens. Susan Collins of ME and Lindsey Graham of SC have urged Republicans who have received money from Wynn to return them.

Since 2013, Wynn has contributed almost $2.4 million to GOP candidates and party organizations around the country, including 2017 special election winners as well as dozens of state Republican Party committees.

Investors will also watch shares of Wynn Resorts, which plunged 10 percent Friday on allegations that CEO and Chairman Steve Wynn engaged in sexual misconduct with casino employees for decades. He led the Republican National Committee's fundraising efforts during President Donald Trump's first year, helping the committee rake in more than $130 million.

The announcements come in light of allegations reported Friday by The Wall Street Journal that Wynn, who stepped down Saturday as the Republican National Committee's finance chairman, had sexually harassed and assaulted several women. The committee is scheduled to convene in Washington this week for its annual winter meeting.

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Last year, when similar allegations were made against movie producer and Democratic donor and fundraiser Harvey Weinstein, McDaniel and others in the GOP pressured national Democrats and prominent Democrats in Congress to cut their ties with Weinstein and return his donations.

Wynn claims the allegations relate to the break-up of his marriage. "If the DNC truly stands up for women like they say they do, then returning Weinstein's dirty money should be a no-brainer". Wynn Resorts has campaigned hard and invested heavily to develop its $2.4 billion casino resort in the state.

The RNC has not yet said whether it will return any money donated by Wynn. Ron Johnson of Wisconsin, Lisa Murkowski of Alaska, Marco Rubio of Florida and Tim Scott of SC.

Baker said Monday that if the allegations are true, Wynn would not meet the suitability standards.

Shares of Wynn Resorts Ltd (NASDAQ:WYNN) remained under pressure in pre-market trading as controversy continued to hound its owner, Steve Wynn.

Since 2013, Wynn has contributed almost $2.4 million to GOP candidates and party organizations around the country, including 2017 special election winners. Wynn also helped put together high-dollar events in Dallas last October and New York City in December. "Consequently, the MGC's Investigations and Enforcement Bureau will conduct a regulatory review of this matter to determine the appropriate next steps".

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