GORANI: Casino mogul Steve Wynn has resigned as chairman and chief executive of the company he founded, Wynn Resorts. It comes after a raft of sexual harassment allegations against him. Wynn has denied the allegations but the reports basically shook investor confidence. At one point, the company`s stock was down more than 18 percent. Hadas Gold joins us from Washington with more. And irrationally when this story first broke, Hadas, it was his connection to the Republican national committee, to Donald Trump that interested people. Why, though, is he resigning from his own company? Who forced him out at this stage?</s>HADAS GOLD, CNN EUROPEAN POLITICS, MEDIA AND GLOBAL BUSINESS REPORTER: Well, he tendered the resignation, actually. The board said they`re reluctantly accepting this resignation. But it became clear, as you said, with the stock prices just falling, that it was untenable for them to keep him on with all these allegations. And in fact, more allegations have been surfacing this week from a local newspaper in Las Vegas about some sort of tamped down allegations in an early 1990s court case. So clearly they just thought it was untenable anymore to have Steve Wynn on. The president Matt Maddox is now taking over CEO. And if you take a look at the stock price now, it seemed to recover just a little bit. It`s clear that investors feel a little bit better with Matt Maddox in charge. But there`s still a lot of questions left for the company including how the board handled this because they were clearly reluctantly accepting Steve Wynn`s resignation. And there are now investigations going on in at least three different states of the United States about how the company handled these allegations.</s>GORANI: All right. Hadas Gold, thanks very much. We`ll keep our eye on that story. A lot more to come including this hour from the city of light to the city of snow. Nice pictures. An unusually heavy snowfall creates magic, but also a bit of mayhem in Paris. We`ll have some of your images that you sent me after the break.
Steve Wynn Resigns Amid Sexual Misconduct Claims