Wynn bids high-life perks goodbye as casino cuts ties

New York

BILLIONAIRE Steve Wynn, who resigned as head of Wynn Resorts Ltd over allegations that he pressured employees for sex, won't receive any golden parachute from the casino giant.

The 76-year-old will have to leave the villa he leases from the Las Vegas-based resort operator by June 1, according to a regulatory filing on Friday. His company-paid administrative assistance will stop on May 31 and his health benefits end on Dec 31.