UPDATED: February 6, 2018  9:05 PM

LAS VEGAS (AP) — Casino mogul Steve Wynn has resigned as chairman and CEO at Wynn Resorts amid sexual misconduct allegations.

Wynn Resorts says Tuesday the resignation is effective immediately.

“In the last couple of weeks, I have found myself the focus of an avalanche of negative publicity,” Wynn said in a written statement Tuesday. “As I have reflected upon the environment this has created — one in which a rush to judgment takes precedence over everything else, including the facts — I have reached the conclusion I cannot continue to be effective in my current roles.”

The Wall Street Journal reported Jan. 26 that a number of women said Wynn harassed or assaulted them and that one case led to a $7.5 million settlement.

gettyimages 456422324 Casino Mogul Steve Wynn Resigns Amid Sex Misconduct Claims

LAS VEGAS, NV – SEPTEMBER 30: Wynn Resorts Chairman and CEO Steve Wynn speaks at the Global Gaming Expo (G2E) 2014 at The Venetian Las Vegas on September 30, 2014 in Las Vegas, Nevada. The American Gaming Association sponsors the annual gaming industry trade show and conference which runs through October 2 and is expected to feature 485 exhibitors showing off their latest products and services to about 27,000 attendees. (Photo by Ethan Miller/Getty Images)

The Las Vegas billionaire has vehemently denied the allegations, which he attributes to a campaign led by his ex-wife.

Last month, Wynn resigned as finance chairman of the Republican National Committee.

Since 2013, Wynn has contributed nearly $2.4 million to GOP candidates and party organizations around the country, including Nevada Gov. Brian Sandoval and 2017 special election winners. Some Republicans in Congress, including Nevada’s Dean Heller, have already announced they are donating contributions they received from Wynn to charity.

Wynn also faces investigations by gambling regulators in two states.

The board of directors for Wynn Resorts has appointed Matt Maddox, currently president of the company, as its CEO effective immediately.

Details of Wynn’s separation agreement were not immediately disclosed.

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