matt maddux stepped into the position of ceo. one of the challenges he face is how to brat this company without its found he. in a recent security file the company woet ifhe we lose services of mr. wynn or if he is unable to devote attention to our operation force anyre other on our businesses may be significantly imird paid. w the new ceo needs to demonstrate the company can function independent of its founde wynn resorts remains committed as ever to withholding the highest standards and being a supportive and inclusive employer. steve wynn calls the allegations preposterous. he may be following the gambler's advice, know when to hold them and know when to fold him. >>> tonight's market focus. a publisher said it was selling the los angeles times and other assets to a billionaire investor who is also the ceo. nant hetrth. k says the deal will allow it to finally and fully pay down debt, imprite its cash pn and expand digital offerings. secondly, they cleared ross levenson ofrongdoing following an investigation into his connect i

resignation of its ceo steve wynn has endorsed the succession plan which puts wynn resorts president matt maddux the position of ceo. the nevada gaming control board meets today. they launched an investigation massachusetts gaming control meets today, they launched an investigation. they will look at the role of the board in the misconduct allegations. for its part, the company put out a statement saying wynn resorts remains as committed to ever to yupholding the highest standards and being an inclusive employer clearly the pr initiative beginbegins especially with gaming licenses at stake the culinary workers union in nevada sent a text to its workers working in casinos urging them to come forward if they have been the victim of work mrplace misconduct >> down 2.6% in the premarket. that sold off more over the last hour or so >>> futures are down about 280, 290 points, having gained 567 points yesterday a crazy intraday we saw yesterday. we opened down 560 points on the dow, closed up 560 points. a 1,000 point spread it was a crazy intraday session, but we did draw a line under those massive de

saying that it reluctantly accepts his resignation with a, quote, collective heavy heart president matt maddux will step into the role as ceo with the company since 2002. that is a succession plan ebb -- endorsed by steve wynn but he is facing tough odds. the nevada regulation and macau and massachusetts regulators launching an investigation into what happened and the board itself going to come under scrutiny biggest challenge for maddux could be the loss of sfe-- steve wynn himself in a previous s.e.c. filing the company had written if we lose the services of mr. wynn or he's unable to devote attention to our operations, for any other reason, our business may be significantly impaired the question now is can maddux demonstrate dependence or fill the board with members and operate this company successfully or is this a company that is destined to be sold off in pieces guys >> a lot of questions there. we'll see you back in a few minutes. we appreciate it thank you very much. >>> keep an eye on the stock market we're down 275 points. we are still up, but we've lost 275 from the high of the day

president matt maddux will take over as ceo in a succession plan endorsed by steve wynn maddux is facing tough odds here macau regulators sat down with wynn macau to demand exmra anything th explanations the nerve vad dvada gaming cont meets here this morning to discussion the investigation, and the gaming commission board is focused on the board's value to disclose that 7$7.5 million private settlement between steve wynn and a manicurist in 2005. with these gaming licenses at stake, wynn resorts is pushing forward and trying to highlight the positive in its statement it says wynn resorts is committed as ever to upholding the highest standards and being an inclusive and supportive employer. more than 40% of wynn management are women, the highest in the gaming industry. the jeffries analyst is raising the prospects of who might want to come in and bye win resorts in part or some assets at a much lower multiple >> i was going to say, before you go, is there any other locations even in vegas or other places where you can see them completely lose their license or revisit that conversation? >