Las Vegas casino mogul Steve Wynn resigned as finance chairman of the Republican Party’s fundraising arm on Saturday, a day after a newspaper reported that he routinely subjected women who worked for him to unwanted sexual advances.

“Today I accepted Steve Wynn’s resignation as Republican National Committee finance chair,” RNC chair Ronna Romney McDaniel said in a statement.

The billionaire has denied the accusations published by the Wall Street Journal as “preposterous” and said they were instigated by his ex-wife to seek advantage in their divorce lawsuit.

But he said in a statement released on Saturday evening that he was resigning to avoid unnecessary distraction. He also thanked US President Donald Trump for the job.

“The unbelievable success we have achieved must continue,” the statement said. “The work we are doing to make America a better place is too important to be impaired by this distraction.”